Ripple’s XRP token has faced significant headwinds over the past few days. The asset has seen no change in the last 24 hours and is down by over 6% in the weekly charts. Nonetheless, XRP is still up by nearly 2% in the 14-day charts and over 3% over the previous month.
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The lack of any positive movement for XRP’s price could be due to macroeconomic factors. High inflation and fading expectations for interest rate cuts may have led to increased investor fears. Moreover, Ripple is locked in a legal battle with the US SEC (Securities and Exchange Commission).
When will Ripple’s XRP hit $1?
Hitting $1 from current price levels would translate to a growth of about 100%. According to Changelly, XRP could hit the $1 mark in 2025, with a maximum price of $1.18 for the year. Moreover, Changelly does not anticipate XRP to reclaim its all-time high of $3.40, which it attained in January 2018, till at least 2028. The platform anticipates XRP to hit a maximum price of $3.57 in 2028. Reaching $3.57 from current levels would translate to a growth of about 614%.
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Telegaon, on the other hand, is more bullish on Ripple’s XRP token. The platform anticipates XRP to breach the $1 mark this year itself, predicting a maximum price of $2.28. Moreover, the platform expects XRP to reclaim its all-time high next year, hitting a maximum price of $3.97. Reaching $3.97 from current levels would translate to a growth of about 694%.
Furthermore, if Ripple receives a favorable ruling from the high court in its lawsuit against the SEC, XRP’s price may witness a sudden surge in adoption and price. A US district court ruled partially in favor of the fintech company last year. However, the suit has now entered the high court, and investors are awaiting a verdict.