Ripple’s XRP token is one of the most popular cryptocurrencies. The asset is among the top-used currencies for cross-border remittances. According to a report by the European Securities and Markets Authority (ESMA), XRP’s volume outshined Solana (SOL) and Binance’s BNB in 2023. However, XRP’s market cap fell below SOL and BNB last year.
Also Read: Ripple’s XRP Outshines Solana (SOL) and BNB: EU Report
XRP hit an all-time high of $3.40 in January 2018, over six years ago. While most other assets hit their respective highs in 2021, the asset’s growth stagnated, likely due to the SEC’s (Securities and Exchange Commission) lawsuit against Ripple.
Can Ripple’s XRP reclaim its all-time high in 2024?
XRP’s price briefly rallied in 2023 after a US district court ruled partially in favor of Ripple. The court stated that selling XRP to retail clients did not breach securities law. However, the lawsuit is now in the high court, and investors await a ruling. If the high court rules similarly to the district court, we may witness a sudden surge in the asset’s adoption and price.
According to Changelly, XRP could reclaim its all-time high in 2028, about four years from now. The platform predicts XRP to hit a maximum price of $3.57 in 2028, a rise of about 573.5% from current levels.
Also Read: Ripple: Analyst Predicts XRP To Surge 250%, Hit $1.88 Target
Telegaon, on the other hand, paints a more bullish picture for Ripple’s XRP token. The platform anticipates XRP to hit an all-time high next year. According to Telegaon, XRP could hit a maximum price of $3.97 in 2025.
However, until Ripple receives a favorable verdict from the high court, it is unlikely that XRP will move towards its 2018 peak. If the high court clears XRP’s name as a security, the asset will likely witness a massive adoption and price surge.