XRP, the digital asset associated with Ripple, has a strong community backing it. With its current price hovering around $0.53, many are wondering when XRP might reclaim its previous all-time high (ATH) of $3.84, set during the bull run of 2018.
However, the SEC lawsuit erased much of XRP’s bigger gains. Now, let’s find out what the experts say about its potential price trajectory.
When Will Ripple Hit its ATH?
According to data from CoinMarketCap, XRP currently holds the 7th position in the global cryptocurrency rankings, with a circulation supply of 56,180,094,752 and a market cap of $32 billion. Recent performance hasn’t been encouraging, with a 3% drop over the past 24 hours and a 5% drop over the last month.
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Changelly’s technical analysis offers some insights into what we might expect in 2024. For 2024, they project a minimum price of $0.527, a maximum of $0.658, and an average trading price of around $0.790. While these figures represent growth, they still fall significantly short of the coveted $3.84 ATH.
So, when might XRP enthusiasts see a return to those lofty heights? CryptoNewsZ’s long-term XRP forecast suggests it could hit $3.8 by June 2026. While this projection is exciting for Ripple holders, it underscores the long and potentially volatile journey ahead.
It’s crucial to note that Ripple’s path to its ATH is not just about market dynamics. While the SEC seems to have moved XRP away from its radar, other factors come into play. XRP’s utility in cross-border payments and Ripple’s partnerships with financial institutions worldwide will likely play a key role in its price trajectory.
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