Ripple XRP To Hit All-Time High By Bitcoin Halving: Predicts Analyst

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Ripple’s XRP token was struggling to overcome the $0.65 resistance level. However, the asset witnessed a price spike on Mar. 11, 2024, rising from $0.61 to $0.71 within a few hours. Despite the recent rally, XRP’s growth has been slow compared to other cryptocurrencies. XRP is currently up by 10.4% in the weekly charts, 17.2% in the 14-day charts, and nearly 30% over the previous month. Moreover, XRP has rallied by almost 84% since March 2023.

Source: CoinGecko

XRP’s slow rally is likely due to Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission). Moreover, it is also probably why XRP did not hit an all-time high in 2021, while others did. Nonetheless, this may soon change.

Ripple’s XRP to hit new all-time high

ripple xrp

According to crypto analyst Leb Crypto, XRP could reclaim its 2018 all-time high of $3.40 before or after Bitcoin’s (BTC) halving event in April. Reaching $3.40 from current levels would translate to a growth of about 400%.

However, other analysts don’t foresee Ripple’s XRP reaching an all-time high yet. Changelly predicts the asset to hit a maximum price of $1.16 in 2024. Reaching $1.16 from current levels would translate to a growth of about 70.5%. The platform predicts XRP to reclaim its all-time high in 2027, reaching a maximum price of $3.53 for the year.

Also Read: Ripple XRP Predicted to Rally 383% And Hit $2, Here is When

Telegaon is more bullish on XRP, predicting the asset to hit a maximum price of $2.28 in 2024, a rise of over 235% from current levels. The platform does not anticipate XRP reclaiming its all-time high till at least next year.

However, there is a possibility that Ripple will receive a favorable ruling from the high court, which could lead to a surge in XRP’s adoption and price. In this scenario, we may witness XRP hit a new all-time high sooner than predicted by Changelly and Telegaon.

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