Back in 2018, XRP soared to an all-time high (ATH) of $3.40 during a brief but massive surge. Despite spending the following three years mostly valued in cents rather than dollars, Bitcoin's 2021 bull run helped XRP surpass the key psychological level of $1, maintaining it amidst high volatility for much of the year.
**XRP’s Current Struggles and the Path to $1:**
Despite Bitcoin reaching a new ATH recently, XRP has struggled to rally with the broader crypto market this year, currently trading at $0.51. The ongoing lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC) is a significant factor depressing XRP's price.
However, the resolution of this legal battle could potentially trigger a rally, propelling the cryptocurrency towards $1 and beyond. XRP remains a popular token, with nearly 5 million addresses holding it, though it's noteworthy that the 10 biggest holders account for 42.48% of the cryptocurrency.
**Forecast for XRP’s Price Surge:**
Recent developments suggest that the legal fight might be nearing its end, hinting at a possible uptrend for XRP. Crypto expert Michaël van de Poppe recently indicated on the social media platform X that after completing a correction phase, altcoins are expected to continue their uptrend, potentially turning vertical in late 2024.
Given XRP's resilience, maintaining a price above $0.51 and its historical performance, including a spike to $0.81 following a favorable ruling for Ripple in July 2023, XRP could potentially rocket to $1 by late 2024, especially if the altcoin bull run continues and the legal issues are resolved.
**Stay tuned for more updates on XRP's journey towards $1.** $XRP
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