Ripple’s XRP has endured a difficult few years. Asset is more than 83% lower from its highest point of $3.40 in January 2018. This was six years ago. Since late 2021, XRP also hasn’t reached the $1 level.
You may also like: FLOKI: Double-Bottom Pattern – Next Big Investment with 20% Surge?
Despite being popular, cryptocurrency is not delivering results compared to assets like Solana (SOL), or Ethereum (ETH).
Factors affecting XRP performance and predictions for the future
Why is the Performance Poor?
Ripple’s catastrophic results were probably due to the SEC v. Ripple litigation. The fintech firm was accused of selling unregistered security by the financial authorities. This suit, filed in December of 2020, was a major reason that XRP didn’t reach a new record high during the bull market 2021.
You may also like: Shiba Inu: You Can Now Become a SHIB Millionaire For Just $14
Ripple received a $125-million fine after the lawsuit settled at US High Court. Ripple does not appear to be facing any other legal issues at the moment.
The XRP Price is Predicted at $7
Researchers at Changelly predict that Ripple’s XRP will reach a new high in 2028 of $3.57, an increase of 526% over current levels. According to the platform, the asset is expected to keep rising in the following years. It will reach $7.54 at the end of 2030. To reach $7.54 at current prices, a rise of almost 1178% is required.
You may also like: Ripple: When Will $1000 Worth of XRP Become $1 Million?
Telegaon Bullish predictions
Telegaon’s researchers have a more positive outlook on XRP. The platform predicts that the token’s value will hit a record high of 5.18 dollars in 2026. That is an increase of almost 778% compared to current levels.
Platform predicts that XRP could reach $7.84 by 2028, or four years hence.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
