Ripple’s XRP token has faced a 1.1% correction in the daily chart and a 0.2% correction in the weekly. However, the asset is still up by 6.2% in the 14-day charts and 2.7% over the previous month. Moreover, XRP’s price has surged by over 39% since February last year. Despite a market turnaround earlier this month, XRP has struggled to break the $0.55 resistance level.
Also Read: Ripple XRP: Will a Spot ETF Push The Asset To $5?
According to the machine learning algorithm at PricePredictions, Ripple’s XRP token will continue to trade at $0.55 on Mar. 1, 2024. However, the platform anticipates the token to rise to $0.57 by the second half of March, an increase of about 5.5% from current levels.
Changelly, on the other hand, is more bullish on XRP. The platform predicts XRP to reach $0.670364 on Mar. 1, 2024, a rise of over 24% from current levels. Moreover, Changelly anticipates XRP to hit $0.716885 within the first week of March, an increase of around 31.5% from current levels.
When will Ripple’s XRP reclaim its all-time high of $3.40?
Ripple’s XRP token is currently down by 84% from its all-time high of $3.40, which it attained in January 2018, over six years ago. While other cryptocurrencies hit their respective peaks in 2021, XRP did not achieve such a feat. The token’s lack of a rally in 2021 could be due to Ripple’s ongoing lawsuit with the US SEC (Securities and Exchange Commission). The SEC alleges that Ripple selling XRP to clients breached securities laws. Although Ripple received a favorable ruling from a US district court, the lawsuit has entered the high court, and investors await a verdict.
Also Read: Ripple (XRP) Predicted to Reach $2 in 2024 Bull Run?
According to Changelly, Ripple’s XRP token could reclaim its all-time high in 2028, reaching a maximum price of $3.77, a rise of about 598% from current levels. Telegaon, however, paints a more bullish picture for XRP. The platform anticipates the token to hit an all-time high in 2025, reaching a maximum price of $3.97.
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