Ripple’s XRP token had a few bullish weeks earlier this year. The asset breached the $3 mark for the first time in seven years. Despite the rally, XRP has faced a correction in the last week. The daily charts show that the asset is down 0.8% and 2.26% over the previous week. XRP has maintained some gains in the other time frames. The popular cryptocurrency is up 8.2% in the 14-day charts, 49.2% in the monthly charts, and 490% since January 2025.
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Why Is XRP Down Right Now?
Ripple’s XRP token’s current predicament is likely due to larger macroeconomic factors. The US dollar has gained significant strength over the last few days. Investors are flocking to safer assets instead of cryptocurrencies.
The Federal Reserve has taken a hawkish stance with its monetary policy to combat rising inflation. The Fed announced only two interest rate cuts in 2025 instead of three. XRP and other assets may have taken a hit due to the central bank’s policies.
How To Be A Millionaire When The Asset Hits $7.5?
To have a million dollars worth of XRP at $7.5 per coin, you will need about 133,333.33 coins. The price of 133,333.33 XRP right now is about $410,666.66. If successful, your portfolio will grow by 143.51%.
The question now becomes when Ripple’s XRP will hit $7.5.
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When Will XRP Hit $7.5?
According to Telegaon, XRP could hit the $7.5 price level in 2026. The platform anticipates the asset to trade at a maximum price of $10.18 in 2026.
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Changelly, on the other hand, is more bearish on Ripple’s XRP token. The platform anticipates XRP to hit the $7.5 mark in May 2031, about six years from now.
