The forecasts for Ripple’s native XRP token have been undoubtedly bullish in recent weeks. Positive sentiment over the company’s partnerships and the greater crypto market has led to optimism surrounding its overall performance. Subsequently, Ripple (XRP) is projected to reach the $2 mark, but when?
Currently, the asset is trading at $0.6 and fairly unchanged over the last day, with an increase of 0/15% over the last 24 hours. However, as its court case with the US Securities and Exchange Commission (SEC) is likely nearing its end and positively abounding the greater crypto market, a $2 price point could be in its near future.
Ripple On its Way to $2?
Throughout 2023, one of the most impressive turnarounds in the digital asset industry is Ripple. The company had been facing an ongoing lawsuit with the SEC over the security status of its XRP token. However, with major developments occurring, it has returned to favor with investors.
These developments have led to a host of optimism surrounding the asset’s performance soon. As many are anxiously awaiting how long its ascension could take, we observe when Ripple (XRP) could approach the $2 price point. Could we be looking at a $1 ascension in the coming year?
According to Changelly, Ripple (XRP) is expected to surpass the $2 level in the next several years. Specifically, it should break through that mark at the tail end of 2026. Subsequently, the prediction resource expects the asset to continue its growth through the next several years. Specifically, it will ascend to a $3.37 price at the end of 2027.
Conversely, the asset is expected to end 2023 at $0.767, up 25% to close out December. That development would set it up to benefit greatly from whatever strides are made by Ripple, or the overall digital asset sector, throughout the next year. Ultimately, it would undoubtedly be on track to continue growing through the next several years.