🚀💸 Ripple would reach $3.40?! 💸🚀
Ripple's XRP is having a tough time in the market, with a drop of 11% in the last month. Since its all-time high of $3.40 in January 2018, XRP has fallen 86%. Additionally, Ripple's lawsuit against the US Securities Commission (SEC), which began in December 2020, could be the reason for the token's lack of progress.
If XRP reaches its all-time high of $3.40 again, you will need approximately 294,117.64 tokens to be worth one million dollars. Currently, those tokens cost about $135,294.11.
📈 When will $XRP reach $3.40 again? 📈
Getting to $3.40 from current levels requires 623% growth. According to Telegaon, this could happen in 2027, with a maximum price of $3.97. Changelly offers a similar forecast, expecting XRP to reach its all-time high in 2028, with a peak price of $3.57.
One of the biggest hurdles for XRP is the lawsuit with the SEC. The asset will not reach its 2018 peak until demand ends. Last year, a US district court partially ruled in favor of Ripple, stating that the sale of XRP to retail customers did not violate securities laws, causing the price of XRP to briefly rise.
