Ripple: Here's When XRP Will Breach $3 Again

Ripple’s XRP token has faced substantial headwinds over the last few years. Ripple’s lawsuit with the US SEC has been a significant barrier to the asset’s price. Even when other cryptocurrencies were hitting all-time highs during the 2021 bull run, XRP failed to hit a new peak. XRP hit an all-time high of $3.40 in January 2018 and is currently down by over 81% from its 2018 peak.

According to the analyst at Changelly, XRP will not breach the $3 mark until 2028. The platform predicts the asset to hit a maximum price of $3.57 for the year. Reaching $3.57 from current price levels will entail a rally of nearly 458%.

Also Read: Ripple: How To Be a Millionaire When XRP Hits $1.5

Telegaon is more bullish on Ripple’s XRP than Changelly, predicting the asset to breach the $3 mark in 2026. The platform predicts XRP to hit an average price of $3.53 in 2026 and a maximum price of $5.18. Reaching $5.18 from current prices will translate to a rise of about 709%.

Ripple lawsuit news boosts XRP price

Ripple xrp
Source – Crypto Adventure

XRP is currently witnessing a trend reversal, outshining other assets in the charts. The sixth-largest cryptocurrency by market cap has rallied 8.2% in the last 24 hours, 7.6% in the weekly charts, 6.5% in the 14-day charts, and more than 35% over the previous month.

Source: CoinGecko

Also Read: Ripple (XRP) and Cardano (ADA): Price Predictions August 2024

The latest rally is likely due to traders expecting a settlement in the SEC vs. Ripple lawsuit. A filing form Tuesday suggested that the SEC is amending its complaint against Binance and that the judge won’t have to decide on whether certain cryptocurrencies are securities or not just yet. Although the filing did not name any asset, traders anticipate the SEC vs. Ripple lawsuit to come to a conclusion soon.

  • Ripple
  • xrp

Comments

Post a Comment

Popular posts from this blog

Binance Australia raided by regulator just weeks after Europe HQ raid

Binance Australia’s offices have been raided by the nation’s finance regulator in an ongoing investigation into unlawful derivatives dealings — just weeks after the crypto exchange’s offices in France were raided as part of a money laundering probe. The Australian Securities and Investments Commission (ASIC) searched Binance locations on Tuesday, according to Bloomberg. The outlet cited anonymous sources familiar with the matter, who chose to keep their identities concealed. An ASIC spokesperson said it could neither confirm or deny the reports. Binance stated that it’s “fully cooperating” with local authorities. The news comes after Binance Australia had its derivatives license revoked in April. According to ASIC, it’s investigating the “extent of consumer harms” caused by the crypto exchange to local users. ASIC is probing allegations of Binance incorrectly classifying retail and wholesale investors in its derivatives business. Binance Australia ’s fiat on-ramp services we...
Read more

Toncoin (TON) Rallies 15% After Binance Listing: $10 Soon?

Image
The world’s largest crypto exchange by volume, Binance, has announced that it will begin spot trading for Toncoin (TON) from today. The development has led to a significant price rally for TON, which witnessed a 15% price bump following the news. The daily charts show that the asset is currently up by 8.4%. TON continues to glow red in the other time frames, falling 7.8% in the last week, 5.7% in the 14-day charts, and 14.2% over the previous month. Also Read: Toncoin (TON): The Telegram-Linked Crypto to Watch in 2024 Current Performance and Market Position Source: CoinGecko TON is currently the second-best performing cryptocurrency among the top 100 projects by market cap in the daily charts, following XRP. Recent Price Movements TON has displayed incredible performance this year. The asset was trading at around $2 in late February but has since risen to over $6. Based on the Telegram network, TON saw a significant price increase after integrating into the Telegram messaging plat...
Read more

copycat Stars Arena patches exploit on Friend.tech following a financial drain

Image
The Stars Arena has made a significant announcement, revealing that malevolent forces have been siphoning funds through a cunning loophole. However, the team has swiftly taken action, successfully patching the contract to avert any further harm. As per reports circulating on social media, the Stars Arena Web3 social media platform on the Avalanche network has fallen victim to a malicious attack. This unsettling incident was brought to light by a Stars Arena user, Lilitch.eth, on October 5, who took to X (formerly Twitter) to declare that over $1 million had been lost as a result. The Stars Arena team has unequivocally acknowledged this audacious attack, characterizing it as nothing short of a “war” waged against their platform. Surprisingly, they assert that the actual losses incurred amount to a mere $2,000, affirming that they have successfully plugged the exploit . Stars Arena, much like the popular Friend.tech, empowers users to acquire “shares” in the f...
Read more