Leading altcoin XRP is currently hovering around the $0.61 mark on Monday and is struggling to climb above $1. The last XRP touched $1 was in November 2021 and it’s been nearly three years since it reclaimed the spot. The downward price trajectory is testing the patience of investors as it is delivering little to no profits.
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Investors are sitting on losses with Ripple’s native token while other cryptocurrencies are generating profits. The Ripple vs SEC lawsuit is also dampening XRP’s price prospects making it harder to breach the $1 mark. In this article, we will highlight when the Ripple’s native token could climb above the $1 milestone.
When Will XRP Breach $1?
Leading on-chain metrics and price prediction firm Changelly has painted a bullish picture for Ripple’s native cryptocurrency. According to the price prediction, XRP could climb above the $1 mark next year in 2025. The minimum price the altcoin could trade is $0.95 and the maximum price is $1.18.
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Therefore, that’s nearly a 100% rise from its current price of $0.61. An investment of $1,000 could turn into $2,000 next year if the forecast turns out to be accurate. The uptick and return on investment (ROI) of about 100% is a good deal for a waiting period of a year. If Ripple wins the lawsuit against the SEC, then XRP could go much higher in the charts in the coming years.
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However, the cryptocurrency market is highly volatile and cuts both ways delivering losses to investors. While it can rise by 100%, it can also dip by 100% and wipe out all investments in a jiffy. There is no guarantee that XRP could rise by another 100% by next year in 2025. It is advised to do thorough research before taking an entry position into Ripple’s native token and trade at your own risk.
