Over the past few years, Ripple’s XRP coin has faced substantial challenges. Due to the fintech company’s dispute with the US SEC, the asset has performed below average.
The financial watchdog sued the company in December 2020 because it had offered unregistered securities. The two parties settled their legal issue after the US High Court’s recent decision, which caused XRP’s price to rally.
Even though the lawsuit was successfully resolved, Ripple’s XRP coin still has trouble gaining traction. Let us investigate the possibility of the asset recovering its all-time high of $3.40, which it reached in January 2018.
Will XRP Reclaim its All-Time High of $3.40 in 2024?
Telegaon’s Predictions for XRP
According to Telegaon researchers, XRP could reclaim its all-time high sometime in 2026, about two years from now. The platform predicts the asset to hit an average price of $3.53 in 2026 and a maximum of $5.18. Reaching $5.18 from current levels would entail a rally of nearly 778%.
Also Read: Ripple XRP To Surge By Over 11,000%, Analyst Predicts
Changelly’s Predictions for XRP
Changelly analysts are more bearish on XRP, predicting the asset to hit an all-time high of $3.57 in 2028, about four years from now. The platform does not expect the asset to breach the $5 mark till at least 2029, five years from today.
Also Read: Ripple XRP Price If Ethereum Hits $50,000
Factors Influencing XRP’s Price
XRP might hit its all-time high earlier than expected, considering Ripple has resolved its litigation with the SEC. The asset’s price could rise sharply if we have another bull run and the market conditions remain favourable.
One of the most widely used cryptocurrencies for international money transfers is XRP. The litigation settlement could lead to an increase in adoption, which could increase the price.