With the expansion of the crypto market, more and more new assets appear, making it harder for the projects that were launched earlier to keep their place on the top of the charts. One of the projects that keep its market position despite the changes and volatility is Ripple, which combines a remittance network with currency exchange. Read our XRP price prediction to see what’s awaiting the project in the future and what effect the lawsuit with the SEC might have on the asset price.
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XRP Fundamental Analysis
XRP is a global system for inter-currency payments, created by Ripple Labs. The main advantage of the network is that it allows mutual transfers to anywhere in the world in just a few seconds. This makes Ripple a very attractive choice for banks that rely on a real-time payment system. The Ripple Protocol is used by more than 75 payment systems and 90 banks around the world, including UniCredit and Standard Chartered. The high speed of transfers in Ripple is due to the fact that the network is supported by 14 servers around the world. More banks are switching to Ripple, which has allowed XRP to make a huge jump in value. Now, this currency by market capitalization ranked within the top-10.
XRP Live Price Chart
One year ago, in early 2021, Ripple was experiencing a strong uptrend when at the beginning of April, XRP price skyrocketed from $0.61 to $1.09 coming along with the rallying crypto market. On April 14 the token hit its max price of the period and was traded for $1.8. The following market correction pulled off the XRP price to $1.03 and after that, it stabilized around $1.4 and stayed at this level till the end of May.
On May 20 the asset started to fall into the downtrend. After being pulled off to $0.7 on May 23 it recovered to $1 and was bouncing between $0.8 and $1 till the middle of June when it went down to $0.5. The XRP token stayed in the downtrend for the next month swinging between $0.5 and $0.7.
At the beginning of August, the token started to recover its value, growing significantly. On August 14 XRP was traded for $1.2 and managed to sustain this level till the beginning of September. On September 6 it went up to $1.3 and then continued to the market correction, reaching $0.8 on September 20.
At the beginning of October, the Ripple price started to recover, affected by the bull rally. Without reaching out for the new milestones the XRP coin price stabilized around $1.1 till the end of October.
In November Ripple presented its new Liquidity Hub, which caused the prices to go up to $1.25 but just for a short period till the price has returned to the previous level of $1-$1.1 where it stayed till the end of the month.
In December the prices were affected by Ripple’s buyback effect, which took the token down to $0.7. But the updates about its SEC case turned the XRP price chart back upwards and the asset was traded for $0.99.
XPR coin is one of the few assets that was showing higher lows with the consolidation of the crypto market starting in January. In early February 2022, Ripple started to show the signs of the price recovery that was connected to some good news from the battle with the SEC. On February 8 the price reached $0.87 and stabilized around that level till the end of the month.
During the last weekend despite the flat trends over the crypto market XPR coin went soaring 16%, but couldn’t sustain the gains and ended up being own over 2%. Though this kind of Ripple price chart swinging might indicate that the token is getting ready to skyrocket (as it’s believed by many XPR enthusiasts).
The recent update from the SEC vs Ripple lawsuit also affected the coin price to be pushed over 10% as the regulation body failed to prove that the company has violated US law. Many experts believe that the XRP token prices will go up in the nearby future partly affected by the successful resolution of the SEC claims.
XRP Technical Analysis
Since April 2021, XPR has been trading in various descending patterns such as triangles and wedges. Together with the fact that it hasn’t been able to consistently break support line in that time, this suggests a strong possibility for a trend reversal in the middle-range timeframes. This may lead to XPR soaring to the previous resistance levels of ~$1.3 and beyond. In the short term most indicators, such as moving averages, suggest selling XRP. However, this discrepancy in predictions can be attributed to the high volatility levels of crypto in general.
XRP Price Prediction
XRP Price Prediction for 2022
XRP Price Prediction for 2023
XRP Price Prediction for 2024
XRP Price Prediction for 2025
XRP Price Prediction for 2030
As it can be clear from the analysis cited above, XRP (XRP) projections are rather contradictory. There is no universal consensus either about positive or negative future XRP price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the XRP projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Will XRP price go up?
Yes, most forecasts and analysts suggest Ripple (XRP), price will go up in 2021. Some experts even predict it reaching a new all-time high soon.
Is XRP worth buying in 2021?
A lot of mid- and long-term XRP predictions promise a bullish trend in the future. It means that XRP is worth buying and holding.
What is the future of Ripple XRP?
There is a long SEC case against Ripple, which makes some experts apprehensive. However, Ripple’s management seems confident about its prospects, and the price has also recovered after the initial dip. Besides, financial institutions seem to be more open to adopting Ripple than many other cryptos, which is also quite promising for XRP’s future.
Is XRP a good investment?
There are many definitions of a good investment depending on the investor’s goals. Besides, investments always have an inherent risk. Having said that, since a lot of forecasts predict XRP’s price growth, it might be an attractive investment to hold.
Will XRP reach $10?
There are some experts who are predicting XRP reaching $10 and more in the future. This is a long-term projection with a 5-10 year time horizon.
What will Ripple XRP be worth in 2025?
Most Ripple forecasts for 2025 are optimistic, saying XRP average price in that year will keep in the mid - $2 range. However, keep in mind that long-term predictions are not very reliable and subject to change.
Will XRP ever reach $1000?
The current economic climate and XRP’s fundamentals make XRP reaching $1000 unlikely. But, considering the pace of innovation in finance and tech, this is not out of the realm of possibility.