Here’s When XRP Could Rally 1800% and Hit $10

Ripple’s XRP token is a popular choice for cross-border remittances. However, the token has seen a significant price correction over the last few weeks. XRP is currently down by 2.4% in the weekly charts, 9.8% in the 14-day charts, and 15.6% over the previous month. However, the asset is up by 27.4% since January 2023.

XRP saw a massive price spike in July last year after a US district court ruled that Ripple selling the token to retail clients did not breach securities laws. However, the lawsuit with the SEC (Securities and Exchange Commission) has entered the high court while investors await a ruling.

Also Read: Ripple (XRP) Eyeing 20% Gains in February Rebound?

When will Ripple’s XRP reach $10?

Reaching a price of $10 from current levels would translate to a growth of around 1823%. According to Changelly, XRP could hit $10 sometime in July 2031, almost seven years from now. Moreover, the platform predicts XRP to breach the $500 mark sometime between 2040 and 2050.

Nonetheless, there may be some headwinds to Ripple’s XRP token’s price this year. According to crypto price analysis platform CryptoRank, XRP may see a 12.4% drop in February this year. The platform cites historical data, where XRP falls double-digit every January.

Also Read: Ripple: El Salvador Bitcoin Advisor Says XRP to Fall 98% to $0.01

On the other hand, other crypto analysts, such as Egrag Crypto, expect Ripple’s XRP token to hit $5 in March of this year. Changelly does not anticipate XRP to hit $5 anytime before September 2029, almost five years from now.

However, if the US high court rules in favor of Ripple in the ongoing lawsuit, we may see a price spike for the cryptocurrency. Moreover, the asset’s price may further rally if we enter a bull run later this year. Both developments could push XRP’s price to a new all-time high. The token is currently down by over 84% from its last peak of $3.40, which it attained in January 2018, six years ago.