Ripple’s XRP token has had a difficult few years. The asset traded above the $1 mark in 2021, nearly three years ago. XRP is also down by more than 83% from its all-time high of $3.40, which it attained in January 2018, over six years ago. Despite its lacklustre performance, XRP is still a top currency choice for cross-border remittances.
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Why The Lackluster Performance?
XRP’s poor performance over the last few years is likely due to Ripple’s lawsuit with the SEC. The financial watchdog accused the fintech company of selling unregistered securities and filed a suit in December 2020. The lawsuit was likely the primary reason XRP did not hit a new all-time high during the 2021 bull run.
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Both parties recently decided to settle the lawsuit, and Ripple had to pay a $125 million fine. With its legal woes out of the way, XRP may hit a new peak soon.
When XRP Will Hit An All-Time High
According to Changelly, XRP will breach the $1 mark in 2025. The platform anticipates the asset to hit a new all-time high of $3.57 in 2028, about four years from now. Reaching $3.57 from current price levels will translate to a rally of more than 526%.
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The data from Telegaon is more bullish on Ripple’s XRP token. The platform anticipates the asset will breach $1 this year. As for hitting a new all-time high, Telegaon predicts the token will hit a new peak of $5.18 in 2026, about two years from now.
Hitting $5.18 from current prices will entail a rally of nearly 809%. The platform forecasts XRP to breach the $7 mark by 2028.
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