- Ripple’s XRP has surged to $1.99, with a potential to reach $5.5 by 2028, fueled by past gains and market optimism.
- Despite being 48% below its all-time high, XRP’s future looks promising, with experts predicting a strong finish in 2028.
Ripple’s XRP is making waves in the cryptocurrency market after a notable surge, recovering from a recent market crash. The altcoin has been leading the charge in the ongoing rally, rising by double digits. However, despite this impressive performance, XRP is still 48% below its all-time high of $3.84, recorded in January 2018.
As of the latest update, XRP is trading at $1.99, following an 11.68% rise over the past 24 hours. This performance mirrors the coin’s impressive growth throughout the past year, where it surged from a low of $0.3911 to a high of $3.39—a staggering 227% increase.
Also read: Coinbase Highlights XRP’s ODL Utility as Major Draw for Financial Institutions
The community is now buzzing with speculation about XRP’s future, particularly the possibility of it reaching $5.5. While this target might seem ambitious, it’s not entirely out of the question. To hit this milestone, XRP would need to surpass its $3 price point, working its way back towards its all-time high. This would require a 176.38% increase in value, a feat that could be achievable given the altcoin’s previous rallies.
However, experts from CoinCodex caution that such a leap might take time. According to their analysis, XRP could realistically reach the $5.5 mark by the end of 2028, with the final quarter of that year being particularly bullish. In fact, XRP might even peak at $6.09 during that period, presenting an exciting prospect for long-term holders.
While the path to $5.5 may not be immediate, XRP’s continued growth is a testament to its resilience in the volatile cryptocurrency market. Investors and enthusiasts alike are keeping a close eye on this cryptocurrency, eager to see whether Ripple can make a dramatic comeback and meet its lofty price targets.
