Ripple's native token XRP surpassed the $1.60 mark over the weekend and is currently trading at $1.51. It has increased nearly 4.2% in daily trading and has attracted strong bullish sentiment on the chart. Another step forward from here could push its price above the $1.70 mark, leading to new highs for the year. This alternative coin took over three years to reach $1 after slipping off the indices in November 2021.
Now that XRP is attracting positive sentiment, can it break its all-time high of $3.40 in the ongoing bull run? The leading alternative coin reached its ATH of $3.40 in January 2018 and took nearly seven years to regain its lost glory. In this article, we will highlight the tentative timeline of when XRP might break its all-time high of $3.40.
When will XRP break its all-time high of $3.40?
The cryptocurrency price prediction and data analysis platform CoinCodex has drawn an optimistic picture for Ripple's native token XRP. According to forecasts, XRP will exceed the $3.40 threshold, and this milestone will be achieved in the long term. The latest price prediction indicates that XRP will surpass its ATH in April 2029. That is five years from today and is considered a long-term investment.
The estimated average transaction price of XRP in 2029 could be around $3.90. It could also reach a new ATH of $5.10 in the same year. That represents a growth and return on investment (ROI) of about 243% compared to the current price of $1.51. Therefore, an investment of $1,000 could turn into $3,430 if the price prediction is accurate.
"The forecast for 2029 indicates that XRP will experience significant growth, with an expected fluctuation ranging from $1.425315 to $5.10. Investors can expect a potential ROI of 243.48%, consistent with the bullish outlook for the year," according to the prediction.