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It is among the most used currencies for cross-border transfers. XRP, was the subject of a report prepared by the European Securities and Markets Authority (ESMA). According to the report, the volume of the token will surpass Solana and Binance Coin in 2023. However, the altcoin’s market cap was lower compared to SOL and BNB last year.
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XRP gained attention more than six years ago, reaching an all-time high of $3.40 in January 2018. While most other assets reached their peaks in 2021, the asset’s growth likely stagnated due to the SEC’s lawsuit against Ripple. -
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The XRP price rose briefly in 2023 after a US district court partially ruled in favor of Ripple. The court stated that selling XRP to retail customers did not violate securities law. However, the case is currently in the high court and investors are awaiting a decision. If the supreme court makes a similar decision to the district court, we may witness a sudden increase in the adoption and price of the asset. -
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According to Changelly, XRP could regain its all-time high in 2028, about four years from now. The platform predicts that the altcoin will reach a maximum of $3.57 in 2028, an increase of approximately 573.5% from current levels. -
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Telegaon, on the other hand, paints a more bullish picture for Ripple’s XRP token. The platform expects XRP to reach an all-time high next year. According to Telegaon, XRP may reach its maximum price of $3.97 in 2025. -
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However, until Ripple receives a positive decision from the supreme court, XRP may be unlikely to move towards its 2018 peak. If the apex court names XRP as a security, the asset is likely to witness massive adoption and price rise.
