Similar to the rest of the cryptocurrency market, Ripple’s XRP witnessed a massive uptick in its price. The asset stunned the globe with its ascent over the $1 mark. The sixth-largest cryptocurrency reached this level for the first time in three whole years. This further instilled hope back into the XRP market and even led to investors making much more ambitious bets.
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How High Did XRP Surge?
Over the past month, Ripple’s XRP rose by over 100%. The asset went from trading at a low of $0.50 all the way to a high of $1.19. After a weekly uptick of 81%, the altcoin was trading at $1.11, at press time. Sadly, over the last 24 hours, the asset had dropped by nearly 5%.
More recently, the asset even reclaimed its position over Dogecoin (DOGE). Last week, DOGE took over XRP as the sixth-largest cryptocurrency. But now, the latter was back on top with a market cap of $63.05 billion.
Despite its recent uptrend, XRP remains below its all-time high. Taking into consideration the current price of the asset, XRP needs to rise by a staggering 71% in order to attain its peak of $3.84. The altcoin achieved this high about seven years ago in 2018.
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Pathway To $3
While XRP took quite some time to move beyond $1, it might continue a similar streak. According to data from Changelly, the asset will not reach the coveted $3 mark anytime soon. The firm revealed that XRP will surge to this high only in the year 2028. The average trading price of the cryptocurrency will be around $3 and its maximum price is expected to be around $3.57 around the same year.
It seems like XRP investors will have to remain patient in order to reap the benefits of the asset.
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