Ripple’s XRP token is one of the most popular cryptocurrencies in the market. However, the asset has faced significant headwinds of late. XRP is currently down by over 85% from its all-time high of $3.40, which it attained in January 2018, over six years ago. Moreover, XRP did not rally as high as other assets during the 2021 bull run.
Also Read: Ripple Holds Strong in Launching Channel; Analyst Predicts XRP Target
If Ripple’s XRP reclaims its 2018 peak of $3.40, you will need about 294117.64 tokens to have one million dollars worth. The price of 294117.64 XRP tokens right now is about $147,058.82. If the move comes to fruition, your portfolio will have grown by around 580%.
However, the journey to $3.40 is no easy task.
When will Ripple’s XRP reclaim $3.40?
Source – FX Empire
XRP has faced significant regulatory pressure over the last four years. Ripple was sued by the US SEC (Securities and Exchange Commission) for allegedly selling unregistered securities. The lawsuit was one of the main reasons why XRP did not rally in 2021, while other similar assets hit their respective all-time highs.
Last year, a US district court ruled partially in favor of Ripple, stating that selling XRP tokens to retail clients did not breach securities laws. However, the lawsuit has now entered the high court, and investors await a verdict. If the high court rules similarly to the district court, XRP may witness a sudden spike in adoption and price.
Also Read: Ripple: Here’s When XRP Could Rally 100% And Hit $1
According to Changelly, Ripple’s XRP token could reclaim its previous all-time high in 2028, about four years from now. Changelly predicts XRP to hit a maximum price of $3.57 in 2028. Telegaon, on the other hand, expects XRP to surpass its previous all-time high next year. The platform predicts XRP to hit a maximum price of $3.97 in 2025.