The cryptocurrency market has many assets, including Ripple (XRP). The altcoin has witnessed several uptrends and downtrends. XRP stands out because it was entangled in a legal battle with the Securities and Exchange Commission (SEC) of the United States.
This posed a significant hurdle, pushing its journey toward $1 or even $2 further away. However, things could change for the asset as the legal pressure on Ripple eases.
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XRP’s Price Movement And Community Sentiment
XRP’s Recent Performance
Throughout the past year, XRP has experienced a 15.37% rise. At press time, the altcoin was trading at $0.5865, following a dainty drop over the last 24 hours. The asset’s price change is barely significant compared to its counterparts. XRP is 84% below its all-time high of $3.84. Ripple’s XRP hit this peak about seven years ago, in 2018.
Community Sentiment
Despite its slow price movement, the community seemed optimistic about the altcoin. According to data from CoinMarketCap, among 13587 votes, 84% were bullish about XRP. Meanwhile, 16% were bearish.
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XRP’s Ascent To $2
Future Price Predictions
According to data from Changelly, XRP will reach multiple milestones in the coming years. The altcoin can get to $1 as early as 2025. $2, however, will take some time. The asset will surge to a high of $2 only in 2027. In the same year, XRP will be able to rise to a peak of $2.51.
Factors Influencing XRP’s Growth
This process could speed up if the Ripple network continues to boost XRP’s utility. Increased adoption will also contribute to the potential spike in altcoin usage. Through these developments, XRP could reach the $2 mark sooner than expected.
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