Ripple’s XRP token has had a rough few years. The asset is down by more than 83% from its all-time high of $3.40, which it attained in January 2018, over six years ago. XRP has also failed to hit the $1 mark since late 2021, nearly four years ago.
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Despite its popularity, the cryptocurrency has failed to deliver results compared to other assets, such as Solana (SOL) or Ethereum (ETH).
Factors Affecting XRP’s Performance and Future Predictions
Why the Poor Performance?
The SEC v. Ripple case was probably the main cause of XRP’s dismal results. Financial authorities charged the fintech company with selling unregistered securities. The suit was filed in December 2020 and was a significant reason why XRP did not hit a new high during the 2021 bull run, while many other assets did.
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The lawsuit was recently settled in the US High Court, and Ripple was slapped with a $125 million fine. The company does not seem to have any more legal woes right now.
XRP Predicted to Hit $7
According to the researchers at Changelly, Ripple’s XRP token will hit a new all-time high of $3.57 in 2028, a rise of over 526% from current levels. The platform anticipates the asset to continue rising over the next few years, hitting $7.54 in 2030. Reaching $7.54 from current price levels will entail a rally of nearly 1178%.
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Telegaon’s Bullish Predictions
Telegaon researchers are more bullish on XRP than Changelly. The platform anticipates the token hitting a new all-time high of $5.18 in 2026, a rise of nearly 778% from current levels.
The platform further predicts XRP will hit $7.84 in 2028, about four years from now.