Ripple’s XRP has displayed a slow progress over the last few weeks. The asset is struggling to clear the $0.55 resistance. 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 by 2.7% on the 14-day chart and 4.2% over the past month. Furthermore, the price of XRP has appreciated by 36% since February 2023.
To become a millionaire when Ripple’s XRP reclaims its all-time high of $3.40, you will need 294,117.64 tokens to be worth $1 million. The price of 294,117.64 tokens is currently around $155,882.35. If XRP were to reach $3.40, the value of your investment would increase by approximately 541%.
Will Ripple’s XRP Reclaim Its All-Time High of $3.40?
XRP is currently down by more than 84% from its all-time high of $3.40 which it achieved in January 2018, over six years ago. The asset did not rally as much during the 2021 bull run, possibly due to Ripple’s ongoing lawsuit with 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 for the year. However, in 2024, Changelly predicts XRP could hit a maximum price of $0.90380961, approximately a 70% increase from its current value.
On the other hand, Telegaon is more bullish on Ripple’s XRP token. The platform predicts XRP could reclaim its all-time high in 2025, forecasting a maximum price of $3.97 for the year. Moreover, the platform expects XRP to reach $2.28 in 2024, approximately a 330% increase from its current value.
Ripple’s lawsuit with the SEC is currently before the U.S. Supreme Court. If the high court rules in favor of the fintech company, XRP’s price could rally sooner than anticipated.
