The cryptocurrency market has gotten an undeniable boost this year with a host of massive developments. However, there is none that has gotten a bigger lift than Ripple, which looks poised to reach a new all-time high at some point in 2025. The question is, just how high will XRP soar this year?
The US Securities and Exchange Commission (SEC) had recently dropped its lawsuit against Ripple, according to CEO Brad Garlinghouse. Although XRP has yet to boom from the news, there are high hopes for its continued ascension over the coming months. Specifically, it is expected to set a new record price before the year is through.
Also Read: Ripple: How Much XRP Should You Hold For Life-Changing Returns?
Ripple Looks Bound for New All-Time High: But Just How High Can It Go?
With the arrival of the Trump administration, the cryptocurrency market has gotten a notable boost. Indeed, the return of US President Donald Trump has brought with it a completely overhauled cryptocurrency policy. Yet, it has affected one specific token as much as any other.
Ripple had been engaged in a years-long legal fight with the SEC that has officially come to an end. Moreover, there are expectations that it should fuel a monumental surge in the coming years. So, with Ripple bound for a new all-time high this year, just what is the ceiling for XRP?
Also Read: Jim Cramer Called XRP a Con, Here’s What a $1,000 Bet Then Is Worth Today
XRP had set a landmark price in January of 2018, according to CoinGecko. Moreover, it is currently down just 29% from that record-setting price hit just seven years ago. So, what do experts believe will be the defining price for this year? Moreover, how quickly can it usurp the previous record?
According to cryptocurrency price prediction platform CoinCodex, XRP may break the record as early as this month. Indeed, they project XRP to reach a high of $4.27 before March is through. Settling at an average price above $3, it would jump more than 78%.
That figure is also projected to be the 2025 high, thereby setting a new all-time high for Ripple this year. However, the average monthly price is expected to reach $3.71 in April. Subsequently, that would prove to be the most successful month for the asset in its history.