Ripple’s XRP token has shown slow progress over the last few weeks. The asset is struggling to overcome the $0.55 barrier. XRP has faced a 1.8% correction in the daily charts and a 5% correction in the weekly charts. However, the token is still up by 2.7% in the 14-day charts and 4.2% over the previous month. Moreover, XRP’s price has surged by 36% since February 2023.
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To be a millionaire when Ripple’s XRP reclaims its all-time high of $3.40, you will need 294,117.64 tokens to have one million dollars worth. The price of 294,117.64 tokens right now is about $155,882.35. If XRP hits $3.40, your portfolio’s value will surge by around 541%.
When will Ripple’s XRP token reclaim its all-time high of $3.40?
XRP is currently down by over 84% from its all-time high of $3.40, which it attained in January 2018, over six years ago. The asset did not rally much during the 2021 bull run, likely due to Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission).
According to Changelly, XRP could reclaim its all-time high sometime in 2028. The platform predicts a maximum price of $3.77 for the year. However, for 2024, Changelly anticipates XRP to reach a maximum price of $0.90380961, a rise of about 70% from current levels.
Also Read: Ripple XRP: Will a Spot ETF Push The Asset To $5?
Telegaon, on the other hand, is more bullish on Ripple’s XRP token. The platform anticipates XRP to reclaim its all-time high in 2025, predicting a maximum price of $3.97 for the year. Moreover, the platform expects XRP to reach $2.28 in 2024, a rise of about 330% from current levels.
Ripple’s lawsuit with the SEC is currently in the US high court. If the high court rules favorably for the fintech company, XRP’s price may surge sooner than anticipated.
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