Ripple’s XRP has been on a rollercoaster ride in recent years. As investors and eagerly watch for signs of a robust recovery, the main question remains: When will XRP reclaim the coveted $1 mark?
Recent data paints a picture of XRP’s volatile journey. While the token has shown resilience with a 0.9% gain in the past hour and an 11% increase over the last 30 days, it’s still grappling with major losses.
A 13.8% drop over the past week and a 9.4% decline in the last two weeks underscore the challenges facing XRP.
Analysts Weigh In on XRP’s Future
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Despite recent setbacks, some analysts remain cautiously optimistic about XRP’s prospects. Changelly’s team of experts has put forth a range of predictions for the token’s performance in the coming years:
For 2024, they anticipate a minimum price of $0.535 and a maximum of $0.627, with an average trading price around $0.720. While these figures suggest potential growth, they fall short of the $1 milestone many investors are hoping for.
Looking further ahead to 2026, the outlook becomes more promising. Analysts project a minimum price of $1.20 and a maximum of $1.42, with an average trading cost of $1.23.
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This forecast suggests that XRP could not only reclaim the $1 mark but potentially surpass it within the next few years. However, XRP’s path is complicated by ongoing regulatory challenges and actions from the SEC.
