Ripple’s native token XRP breached the $1.6 mark during the weekend and is currently trading at $1.51. It is up nearly 4.2% in the day’s trade and attracts heavy bullish sentiments in the charts. Another leg-up from here could take its price above the $1.70 mark, leading to a new yearly high. The altcoin took over three years to reach $1 after slipping in the indices in November 2021.
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Now that XRP is attracting bullish sentiments, can it breach its all-time high of $3.40 during the ongoing rally? The leading altcoin hit its ATH of $3.40 in January 2018, and it has been nearly seven years of struggle to reclaim its lost glory. In this article, we will highlight a tentative timeline for when XRP can breach its all-time high of $3.40.
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When Will XRP Breach Its All-Time High of $3.40?
Leading on-chain metrics and price prediction firm CoinCodex has painted a bullish picture for Ripple’s native token XRP. According to the forecast, XRP will breach the $3.40 mark and the milestone will be reached in the long term. The latest price prediction indicates that XRP will climb above its ATH in April 2029. That’s another five years from today and is considered a long-term investment.
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The forecast estimates that XRP’s average trading price in 2029 could be around the $3.90 mark. It could also reach a new ATH of $5.10 during the same year. That’s an uptick and return on investment (ROI) of approximately 243% from its current price of $1.51. Therefore, an investment of $1,000 could turn into $3,430 if the price prediction turns out to be accurate.
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“Forecasts for 2029 suggest that XRP will experience significant growth, with expected fluctuation ranging from $1.425315 to $ 5.10. Investors might anticipate a potential ROI of 243.48%, aligning with a bullish outlook for the year,” read the prediction.