Ripple’s XRP has retained itself as a top performer throughout the years. Despite facing hurdles from the Securities and Exchange Commission (SEC), the altcoin managed to stay within the top 10. Amidst this, over the past several years, the price of the asset took a major hit. Reaching the $1 mark also seemed like a grave task for XRP. But 2024 was a game-changer. The cryptocurrency pocketed annual gains of over 300% and went from trading at a low of $0.3911 all the way to a high of $3.39. This uptick prompted the community to lay out more ambitious bets. The real question is if the asset can mirror this sentiment and reach a new peak.
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Is XRP on Its Way To The $3 Mark?
The fourth-largest cryptocurrency seemed to be witnessing a setback. Throughout the past 24 hours, XRP dipped by 0.27%. At the time of writing, the altcoin was trading at $2.14. The past month has been quite bullish for the asset while most coins were seen struggling. During this period, Ripple’s cryptocurrency surged by 11.30%.
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Will $5 Turn Into A Reality Soon?
XRP has several levels of resistance before surging to a high of $5. The asset will have to reclaim its all-time high of $3.84. In order to do so, the altcoin will need to rise by 44%. The $5 milestone will require the asset to rise by 133.64%. While this isn’t a challenging task for XRP, it will reportedly take a couple of years. According to data from Changelly, the cryptocurrency will increase to a high of $5.14 in the year 2027. About two years from now, the asset will be claiming $5 and setting a new all-time high.
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