Ripple’s XRP token broke into a rally last week after Bitcoin (BTC) briefly climbed to the $66,000 level. The asset struggled to break past the $0.60 level for quite some time until recently.
The asset is up by 7.2% in the weekly charts, 7% in the 14-day charts, and 12.3% over the previous month. XRP’s price has also rallied by more than 21% since October 2023. Despite the rally, the cryptocurrency has faced a 2.7% correction in the last 24 hours.
Source: CoinGecko
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What’s The Value Of A $1000 Investment If XRP Hits $5?
Source – Coinpedia
If you buy $1000 worth of XRP right now, you will receive about 1594.89 tokens. If the price of each token reaches $5, your portfolio’s value will be worth around $7974.48. The growth represents a rise in value of about 697.45%.
Also Read: Ripple To Break Consolidation? When Will XRP Claim Its $0.74 Level?
Ripple’s XRP token is among the most popular cryptocurrencies. The asset is a top choice for cross-border remittances. While the asset may have a bright future, let’s discuss when it may hit the $5 mark.
When Will The Cryptocurrency Hit $5?
According to Changelly analysts, Ripple’s XRP token will surpass the $5 mark in 2029, about five years from now. The platform anticipates the asset trading at a potential maximum price of $5.04 in 2029.
Source: Changelly
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Telegaon analysts are a lot more bullish on XRP than Changelly’s. The platform predicts XRP will breach the $5 mark in 2026, about two years from now. Telegaon analysts expect XRP to trade at a potential maximum price of $5.18 in 2026.
Source: Telegaon
One of the most significant barriers to XRP’s price was Ripple’s lawsuit with the SEC. In August, the lawsuit settled, with the fintech company paying a $125 million fine. With the lawsuit out of the way, XRP may rise to new heights very soon.
