Which cryptocurrency VeChain or XRP could reach $1 first?

Since it passed the $0.50 threshold last week, the cost of XRP, Ripple's native coin, has remained stable. Early this year, the cost of VET, the VeChain Foundation's native token, rose from $0.15 to $0.32. VET, on the other hand, saw a price pullback and is currently trading at a price of roughly $0.024, failing to equal its January gain. Which cryptocurrency, XRP or VeChain, which both aim to reach $1, will succeed in doing so first? Let's look into it!

Which cryptocurrency—VeChain or XRP—could reach $1 first?

Last month, XRP reached a high of $0.57, breaking through its $0.40 resistance level. For 11 days in a row, the price of the cryptocurrency has been hovering around $0.50, and it is currently stabilizing at a higher high range.

Also, the price of XRP in the upcoming months may depend on the outcome of the SEC v. Ripple litigation. A few experts asserted that Ripple has an advantage over the SEC and that the decision may benefit the fintech firm. If that were to occur, XRP might be better positioned to reach $1 earlier than anticipated.

On the other side, since early March of this year, VeChain has been unable to overcome its $0.025 resistance level. This month, the price of the cryptocurrency is either falling or trading in a range. Because of this, VET has little to no motivation to make a comeback in the upcoming days.

Despite the VeChain Foundation working with numerous companies globally to use blockchain technology to address problems, its price remained stable with little to no movement in the indices. Moreover, XRP previously rose above the $1 threshold, hitting an all-time high of $3.40. VeChain's price retraced after achieving its ATH of $0.28, and it has never reached $1.

Finally, since XRP only needs a 100% increase to hit $1, it has a greater probability of doing so. VeChain needs to break through its $0.1 resistance barrier before considering $1 because it is distant from the aim.