Ripple’s cryptocurrency, XRP, has witnessed impeccable growth. The asset was once shut off by the US government. Despite minimal support from the industry, the asset retained itself at a certain price level. But its recent push above $1 has caught the eye of many. Firms like Standard Chartered were seen rolling out bullish predictions for the altcoin. The platform recently revealed that Ripple’s cryptocurrency could rise by over 500% and reach $12.50 as early as 2028. But what about the short term? Will the asset kickstart its upward rally?
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How High Is XRP Trading Today?
The cryptocurrency market has been experiencing volatility lately. Several assets have been moving rather slowly, while some were just declining. At the time of writing, XRP was trading at $2.11. This came after the altcoin dipped by 1.73% throughout the past 24 hours. The past seven days were extremely bullish for the asset as it encountered a spike of 25%.
While the market is happy about XRP’s recent uptick, the asset is still 44.57% below its all-time high. More recently, the altcoin managed to rise all the way to a peak of $3.39 but failed to reclaim its high. Ripple’s cryptocurrency hit an all-time high of $3.84 nearly seven years ago. If Standard Chartered’s prediction comes true, XRP investors are in for a treat and will be rewarded for their patience.
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Short Term Price Prediction
Sadly, the next couple of days were painted red for the altcoin. According to data from CoinCodex, XRP will likely decline throughout the coming days. The asset will even be pushed below $2 on April 19. On April 20, the cryptocurrency will trade at $1.8900 bringing in major losses for its investors. While this is a mere short-term hurdle, investors have a lot to look forward to in the future.
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