Ripple's XRP has been held back by legal challenges, preventing it from reaching its full potential in past market cycles. According to Jungle Inc., a prominent market commentator, if XRP had participated in the 2021 bull run without the SEC lawsuit, it could have reached an all-time high of around $24.
This estimate is based on applying Bitcoin's peak-to-peak growth multiples from recent cycles to XRP's previous all-time high. In the 2017/2018 cycle, XRP outperformed Bitcoin by a wide margin, rising by 4,785% against BTC in less than a year.
The SEC lawsuit has now been resolved, and institutional infrastructure is growing across the crypto industry. As a result, Jungle Inc. believes that XRP could reach the low-to-mid $20 range even if adoption only grows at an average pace.