Ripple is a decentralized platform enabling seamless cross-border transfers of digital and fiat currencies, eliminating the need for intermediaries. It stands out for its innovative digital payment protocol and its native cryptocurrency XRP, facilitating efficient and real-time transactions globally.
Currently, the XRP Token has been slowly progressing in recent weeks, facing challenges surpassing the $0.55 mark. It experienced a 0.40% increase in the daily charts and a 3.48% down in the weekly charts. However, the XRP Token is still up by over 40% since February 2023, reflecting a significant upward trend.
If Ripple’s XRP Coin reaches its all-time high of $3.40, you’ll need 294,117.64 tokens valued at $155,882.35 to become a millionaire or one million dollars worth. This means if XRP hits $3.40, your portfolio value will increase by approximately 541%.
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When XRP Token Regains its ATH level of $3.40?
At the time of writing, the XRP Coin is trading at around $0.5415, with a 0.40% increase in value over the last 24 hours. The Market Cap of the XRP token is $295 billion with a trading value of over $1 billion in the last 24 hours.
Currently, the XRP Coin has experienced a significant decline of more than 84% from its peak of $3.40 in January 2018, which occurred over six years ago. However, the XRP token did not see a substantial bullish rally in 2021 due to its ongoing legal battle between Ripple and the SEC (Securities and Exchange Commission).
Telegaon, on the other hand, is more bullish on Ripple’s XRP token. The platform anticipates XRP to reclaim its all-time high in 2025, predicting a maximum price of $3.97 for the year.
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On the other hand, FinanceShots is more bullish on the XRP Token. The platform predicted that the XRP Coin could reclaim its ATH level in 2025, with a projected peak price of $4.18 for the year.
How High Will XRP Go in 2024? Our Opinion
As per our technical analysis and market trends, the XRP Coin can reach a maximum price level of $2.35 with an average price of $2.13 by the end of 2024 if the market gets a bullish trend.
On the other hand, if the crypto market faces any major bearish event or any negative news surrounding Ripple, the value of the XRP Coin may decrease to its minimum price level of $1.99 by 2024.
Currently, Ripple is facing a lawsuit with the SEC in the US high court. If the court rules in favor of the fintech company, Ripple, the XRP Coin may surpass our price forecast in the future.
Also Read: XRP (XRP) Price Prediction | Is XRP Worth Buying?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
