Ripple’s XRP has shown slow progress in recent weeks. The asset is struggling to overcome the $0.55 barrier. XRP has faced a 1.8% correction on the daily chart and a 5% correction on the weekly chart.
However, the token is still up 2.7% on the 14-day chart and 4.2% compared to the previous month. Furthermore, the price of XRP has increased by 36% since February 2023.
To become a millionaire when Ripple’s XRP reaches its all-time high of $3.40, you would need 294,117.64 tokens to have a value of one million dollars. The current price of 294,117.64 tokens is approximately $155,882.35. If XRP reaches $3.40, the value of your investment portfolio would increase by about 541%.
Will Ripple’s XRP reclaim its all-time high of $3.40?
XRP is currently down over 84% from its all-time high of $3.40, which it achieved in January 2018, over six years ago. The asset didn’t rally much during the 2021 bull run, possibly due to the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC).
According to Changelly, XRP could reclaim its all-time high in 2028. The platform predicts a maximum price of $3.77 within the year. However, in 2024, Changelly predicts XRP will reach a maximum price of $0.90380961, an increase of about 70% from the current level.
On the other hand, Telegaon is more optimistic about Ripple’s XRP token. The platform predicts that XRP will reclaim its all-time high in 2025, with a maximum price of $3.97 within the year. Furthermore, the platform expects XRP to reach $2.28 in 2024, an increase of about 330% from the current level.
Ripple’s lawsuit with the SEC is currently being taken to the U.S. Supreme Court. If the higher court rules in favor of the fintech company, the price of XRP may increase sooner than expected.
