The price of XRP is soaring as it is poised to climb for the third week in a row. This was surprising as most assets in the market were dipping. But Ripple’s XRP has risen beyond the critical resistance level at $1. This further increases the likelihood that it will reach its highest point of the year, $1.98. But the real question is if the altcoin will continue this hot streak and reach a high of $2 or even $3 anytime soon.
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XRP Stays Still At $1.11
Ripple’s cryptocurrency seemed to having a tough time maintaining itself beyond the $1.11 mark. Over the past seven days, XRP surged by a staggering 56% followed by a monthly gain of 108%. Earlier today, the asset surged all the way to a high of $1.15. AT press time, XRP was priced at $1.12.
XRP hit an all-time high of $3.84 about seven years ago. Currently, the altcoin is 71% below this peak. Since the altcoin has managed to retain itself over the $1 mark, several believe that XRP has the potential to hit $2 and even $3.
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$2 and $3 A Reality Soon?
It looks like the asset will enjoy bullish days over the next couple of months. According to data from CoinCodex, XRP has the potential to reach $2 and even $3, but this will occur only in the coming year. The firm revealed that the altcoin will surge to a high of $2.50 in April of 2025. It should be noted that Ripple’s cryptocurrency would reach $3.47 during the same month. This marks a 211% rise from its current price level.
This is certainly a major milestone for the cryptocurrency and its investors. This is much needed for the XRP community, considering the tough time they encountered with legal turbulence caused by the Securities and Exchange Commission (SEC).
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