XRP prices remain a focal point in the cryptocurrency world. Recently, the token has been stable in a narrow range, leaving many to wonder if a significant price surge is imminent.

How has the XRP Price Moved Recently?

As of today, XRP is priced at $0.540537 with a 24-hour trading volume of $1.80 billion. Its market cap stands at $30.57 billion, holding a market dominance of 1.30%. Over the last 24 hours, XRP’s price has dropped by 2.23%. XRP's all-time high was recorded on January 4, 2018, at $3.92. Current market sentiment remains bearish with the Fear & Greed Index at a 'Greed' level of 70.

XRP Price Prediction: Breaking Free from Legal Uncertainty

XRP's recent minor gains are largely attributed to its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which has cast uncertainty over the token. Unlike other cryptocurrencies like Bitcoin and Ethereum, XRP hasn't experienced significant growth due to unresolved legal questions, particularly concerning institutional sales. Investors remain cautious, awaiting a clear legal outcome before making substantial investments.

How high can the XRP Price go?

Considering how high XRP's price can go, it's crucial to note that the token has only seen a 3% increase over the past year, being outperformed by many other crypto assets. Despite these challenges, XRP's high liquidity relative to its market cap indicates potential for significant volatility once legal hurdles are cleared. A shift in market sentiment could trigger price increases if supported by favorable news developments.

In the near future, XRP's price movement is likely to remain subdued due to ongoing legal uncertainties. However, if Ripple manages to resolve these issues, investor confidence could boost, enhancing the token’s market position. Currently, XRP’s price is influenced by a range of external factors including regulatory measures and overall market conditions.