Ripple’s XRP is one of the assets that endured a rather challenging month of March. The altcoin witnessed a massive drop of nearly 16% throughout this period. The asset went from trading at a high of $2.64 before plunging to a low of $1.92. Despite this, the fourth largest cryptocurrency started the month of April on a bullish note. While March was a major hurdle for XRP, April is expected to push the asset to a much higher price level. Can XRP bank on this momentum and record a new peak?
Also Read: Top 3 Cryptocurrencies That May Double Their Price
How Far Is XRP Trading From Its All-Time High?
Also Read: Should You Buy the Dip in Nvidia Stock? (NVDA)
At the time of writing, Ripple’s cryptocurrency was trading at $2.07. While the asset managed to surge to a high of $2.19 earlier today, it recorded a 1.46% drop over the past 24 hours. XRP reached an all-time high of $3.84 back in 2018. The asset has been struggling for seven years to reclaim this peak. The closest that it has come to doing so was earlier this year when the altcoin hit $3.39. Currently, XRP is trading 45% below this milestone. Even though this seems like a major challenge at the moment, the asset has managed to rise by 244% over the past year.
New All-Time High In The Making?
As mentioned earlier, XRP has struggled to reclaim its previous peak. But things will be changing for the asset this month. According to data from CoinCodex, the altcoin is all set to revisit its all-time high in April. In addition to this, Ripple’s cryptocurrency could also hit a new peak of $4.26. This marks a staggering 104.72% rise from its current price level. This massive uptick might come as a reward for the XRP community that has been patiently waiting for years.
Also Read: XRP ETF on Horizon? Grayscale’s Strategic SEC Filing