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Ripple’s XRP token is one of the most used currencies for cross-border remittances. Despite its popularity, XRP has faced significant hurdles after the SEC accused the fintech company of selling unregistered securities. The asset has made some gains in the last few days after the High Court ruled favourably for Ripple. Bitcoin (BTC) reclaiming the $60,000 level has also helped XRP.
How High Can XRP Go if Bitcoin Hits $300,000?
Potential Price Increase
If BTC hits $300,000, it will entail a rally of about 393.4%. Let’s assume that XRP also grows at the same rate. In this scenario, XRP will reach a price of about $3, which is still short of its all-time high of $3.40, which it attained in January 2018, over six years ago.
Also Read: XRP Surge: Invest Now to Triple Your Returns, Say Analysts
Possibility of Reclaiming All-Time High
There is a possibility that Ripple’s XRP token will reclaim its all-time high level before BTC hits the $300,000 mark.
When Will the Asset Reclaim Its All-Time High?
Impact of the SEC vs. Ripple Lawsuit
One of the most significant barriers to XRP’s price was the SEC vs. Ripple lawsuit, which commenced in December 2020. The lawsuit was also likely why XRP did not hit a new all-time high in 2021, while other significant cryptocurrencies did.
The lawsuit recently reached a major milestone, with the fintech company settling with the financial watchdog. The settlement news significantly boosted XRP’s price.
Also Read: Ripple & Japan Partnership: A Game-Changer for XRP
Predictions for XRP’s Future Price
According to Changelly, XRP will reach a new all-time high of $3.57 in 2028.
Telegaon analysts are more bullish on Ripple’s XRP, predicting the asset to hit a new all-time high of $5.18 in 2026, about two years from now.
According to the predictions, XRP might reach a new all-time high before Bitcoin (BTC) reaches $300,000.
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