Ripple’s XRP hasn’t hit $1 since November 2021, and $2 since January 2018. The asset has been extremely popular in cross-border money transfers, but its price is suffering from significant downturns.
Please Read This: Ripple: Can XRP Reclaim Its All-Time High of $3.40 in 2024?
Why is it that the Asset has struggled to gain momentum
Ripple’s suit against the US SEC was one of the biggest barriers for XRP’s price. The financial Watchdog accuses fintech firm of selling securities unregistered in December 2020
Even in the early days of the cryptocurrency bull run, 2021 when the other major currencies were at new record highs.
Ripple has been asked to pay an amount to settle the case in US High Court. financial regulator. XRP price experienced a short rally which has now cooled off.
What happens if XRP hits $2?
Telegaon’s Prediction
Telegaon researchers believe Ripple XRP’s price could rise to $2.17 maximum in 2025. A price increase of 260% would be required to reach $2.17.
Please Read This: Ripple: What Will XRP’s Price Be If Bitcoin Hits $300,000?
XRP, according to this site is predicted to reach a peak price of $5.18 by 2026. To reach $5.18, a 763% increase from current prices will be required.
Changelly’s Ripple Forecast
Changelly on the other side is more pessimistic about Ripple’s XRP Token. Platform predicts XRP will surpass $2 in 2027 and reach a price maximum of $2.51.
Please Read This: Ripple XRP Price Prediction if Cardano ADA Reaches $1.60
Changelly believes XRP will reach a new high of $3.57 by 2028. This is about four years away. This platform doesn’t expect XRP will ever surpass the $1 threshold. next year.
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Source: watcher.guru