The cryptocurrency market has faced several trials throughout the past years. Government scrutiny did not spare any asset. But one particular cryptocurrency that was hit with multiple hurdles was Ripple’s XRP. The firm’s battle with the Securities and Exchange Commission (SEC) seemed like a never-ending tiff. Just as the new government came into power, XRP was seen regaining its hold in the market. While the asset has managed to record a notable surge so far, the community is eager to see the asset perform in the coming years.
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Looking Back At XRP’s Performance Over The Years
During the past year alone, the altcoin managed to rise by 312.85%. The asset was trading at a low of $0.3911 before jumping up to a high of $3.39. By doing so, Ripple’s cryptocurrency managed to break its seven-year curse. XRP has clearly been a top-performing cryptocurrency during this period.
Despite facing a setback in March, the asset was turning over a new page this month. Throughout the last seven days, XRP recorded a 14.47% uptick. At the time of writing, the altcoin was trading at $2.13. This comes after a 0.40% rise during the past 24 hours.
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Will $6.35 Become A Reality Soon?
According to a recent report by Finder, XRP is in for a rally during the next few years. A group of 26 cryptocurrency industry experts revealed that the asset is set to reach a high of $6.45 by the year 2030. While this long-term prediction is bullish, the panelists believe the asset will linger around $3.06 by the end of 2025. Further addressing the altcoin’s potential, Jeremy Britton, the CFO of BostonTrading.co said,
“XRP seems to be the choice for many institutions. It is arguably no longer a cryptocurrency, and its ethos is almost gone, but its value is in the eye of the banker.“
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