- At its current price of $0.6054, XRP has fallen by 84% from its ATH of $3.84.
- A panel of 36 industry professionals was consulted for the analysis.
The XRP price began the day on a more critical note, but it could not hold on to the gains. With a sudden price reversal, the upward impetus swiftly faded. A significant resistance level hampered XRP purchasers at $0.65, which stood in the way of further gains. As a result, XRP’s price has dropped over the last week.
Highly Anticipated Result
According to a financial trend survey platform, Ripple (XRP) might reach $2.55 before the end of the year despite the bear’s domination. A panel of 36 industry professionals was consulted for the analysis, which was updated on May 4th, to get their views and ideas on XRP and its performance over the next decade. The SEC vs. Ripple issue was also mentioned in the conversation.
At its current price of $0.6054, XRP has fallen by 84% from its ATH of $3.84 in January 2018. However, the price of XRP is projected to rise by 260 percent in the last months of the year and reach $2.55 if Ripple wins its appeal against the Securities and Exchange Commission.
Ripple’s value might fall to as low as $0.68 if it loses. According to another recent study, a panel of fintech experts forecasted that XRP would reach a high of $2.79 before the end of the year. Additionally, they believe that XRP’s value would rise to $3.61 by 2025 and then reach $4.98 by the year 2030. Furthermore, head of funds Matthew Harry at DigitalX Asset Management, predicts a price of $5 for Ripple if it wins the lawsuit. There is no evidence that prices will rise due to this speculation.