Ripple’s XRP token reached its all-time high (ATH) on Jan. 7, 2018, almost six years ago. Since its 2018 highs, the asset has fallen by over 80%. Other major cryptocurrency projects, such as Bitcoin (BTC) and Ethereum (ETH), reached their all-time highs in late 2021. XRP did not display a stellar performance like other tokens in 2021, likely due to Ripple’s legal battle with the US SEC (Securities and Exchange Commission), which has been ongoing since December 2020. Although a district court ruled in favor of Ripple earlier this year, the matter has now entered a higher court.
Also Read: Ripple XRP Could Rally 90%, Hit $1.20 By 2023 End: Says Analyst
Since January of this year, XRP’s price has surged by over 80%. Although the asset’s performance is commendable, it falls short compared to BTC’s over 150% growth and Solana’s (SOL) over 500% growth in the same time frame.
When will Ripple’s XRP surpass its ATH of $3.40?
If the high court rules favorably for the fintech company, XRP could see a surge in adoption and price. However, we do not have a timeline for when the court will announce its verdict. A favorable ruling could greatly favor XRP’s goal of surpassing its previous ATH.
Also Read: Ripple: How Much to Invest to Be a Millionaire if XRP Hits $5?
According to Changelly, XRP could reach levels close to its all-time high sometime in 2027, almost three years from now. Analysts at Changelly anticipate the token to hit a maximum price of $3.49 by 2027. Moreover, the platform expects XRP to hit a peak price of $1.18 in 2024, a growth of over 90% from current levels.
Furthermore, by the end of this decade, Changelly anticipates Ripple’s XRP token to hit a maximum price of $10.72, a growth of over 1600% from current levels.
Credit: Source link