At the turn of 2017 and 2018, Ripple made a dizzying leap, briefly becoming the second most capitalized cryptocurrency in the world after Bitcoin. This growth was followed by a long and painful decline in the exchange rate and market capitalization of XRP. The drop turned out to be even deeper on average than the general sagging capitalization of cryptocurrencies.
However, the crypto market boom of early 2021 has helped XRP to rebound and regain its footing. Although the coin hasn’t overtaken its previous highs yet, who knows what the future holds? We may very well see XRP go to the moon again in the future. Let’s take a closer look at this coin’s prospects in our Ripple price prediction.
Please note that this article does not constitute investment advice. Remember to do your own research before deciding whether any cryptocurrency is a good investment or not.
- Buy Crypto at The Best Rate
- XRP Overview
- What Is XRP?
- History of Ripple (XRP)
- XRP Technical Analysis
- XRP Price Prediction by Experts
- Digital Coin Price
- GOV Capital
- Wallet Investor
- Price Prediction
- XRP Price Prediction 2022
- XRP Price Forecast for September 2022
- October 2022: XRP Price Forecast
- XRP Price Forecast for November 2022
- December 2022: XRP Price Forecast
- XRP Price Prediction 2023
- XRP Price Prediction 2024
- XRP Price Prediction 2025
- XRP Price Prediction 2026
- XRP Price Prediction 2027
- XRP Price Prediction 2028
- XRP Price Prediction 2029
- XRP Price Prediction 2030
- XRP Price Prediction 2031
- Ripple XRP NEWS
- Final Thoughts
- Can Ripple reach $10?
- Will XRP rise again?
- Is XRP better than Bitcoin?
- Can XRP become the next Bitcoin?
- Should you invest in XRP?
What Is XRP?
Unlike most other cryptocurrencies, XRP was created neither as an alternative means of payment nor as an alternative to traditional paper money and the entire banking system as a whole.
The purpose of XRP is to create a new method of calculation for the banking system — namely, an alternative system of interbank transfers with minimum commissions.
The main goal of the Ripple network is to ensure a high speed of money transfers. The system uses a consensus registry to record information about transactions, which differs from the classic blockchain in many ways. In traditional consensus algorithms, such as Proof-of-Work (PoW) or Proof-of-Stake (PoS), trust in nodes is formed based on their computing power or the value of the balance. In Ripple, trust is built on the reputation of the owners of node validators, which are banks and other registered companies (Axis Bank, American Express, Royal Bank of Canada). Validators must reach an agreement on the authenticity of transactions to confirm them.
Since the release of the maximum number of XRP tokens (one billion coins) occurred at an early stage of the protocol’s existence, it is impossible to get coins in the system by mining or forging. There is no reward for checking transactions: commissions for making transfers are irrevocably “burned out,” reducing the number of tokens in circulation. Banks that use the protocol for mutual settlements are interested in the system’s stable operation, so they are most often the holders of the node.
Ripple’s network consensus mechanism is often criticized for its lack of transparency and low degree of decentralization. In July 2021, only 55 node validators performed transaction verification. The system developers recognize the need to expand the network: in their blog, the company has repeatedly announced plans to increase the number of trusted nodes.
Ripple supports instant currency and asset conversion. The user does not need to worry about the type of currency on their balance: when making a transfer, the exchange will be carried out automatically. The ability to conduct exchanges in such a fast manner turns the system into a central hub for international settlements and interbank payments.
The creators of the system are in favor of the legislative regulation of cryptocurrencies. Strict adherence to formal requirements has provided Ripple with wide recognition among major financial institutions. Since 2014, such well-known banks as Mitsubishi UFJ, UBS, and Unicredit have been actively connected to the system.
History of Ripple (XRP)
For many years after the coin’s creation, the price of XRP has been so insignificant that it was almost worthless. Until 2017, the asset’s value fluctuated around $0.01, but this changed shortly as the token began to receive broader coverage. It also took advantage of the bullish growth of the crypto industry that year. By April 2017, XRP had risen to $0.05; the gradual increase soon continued, reaching $0.25 in May.
After that, the asset had reached the point of no return as it attracted the attention of crypto enthusiasts, who saw the value and potential of the XRP coin. The asset’s value had been growing throughout 2017 and up until the beginning of 2018, when it reached a record level of $3.84. But this was soon followed by a sharp drop in value, which affected all other cryptocurrencies. By the end of 2019, the price of XRP had stabilized at $0.30 and did not exceed the $0.5 mark throughout the year.
However, the bullish growth of 2020, which began at the end of the year, helped the XRP price to rise. The value of the token reached $0.8 before the end of the year. This growth was supposed to continue at the beginning of 2021, but this could not happen due to the announcement of the SEC’s lawsuit.
After the announcement, some exchanges excluded XRP from their platforms. Many of those who held the coin also sold it in panic. This caused the XRP price to temporarily decline at the beginning of 2021 — only to bounce back later as the crypto market shot up to the moon.
Since then, XRP has shown that it still has more than enough supporters — the coin has responded well to market-wide price action and all of the recent bull runs. Its average price even increased in March 2022.
The outcome of the lawsuit will play a huge role in defining XRP’s future price movement. However, the coin has shown that it can still prosper despite all the bad press.
XRP Technical Analysis
Here’s the result of the XRP technical analysis from TradingView, updated in real time.
XRP Price Prediction by Experts
Despite a few serious challenges on its journey, XRP remains a very popular cryptocurrency among both retail and institutional investors. It still gets analyzed and talked about quite often. Here are some expert XRP price forecasts.
Digital Coin Price
Digital Coin Price’s Ripple price prediction is fairly optimistic. Although this platform does not see this digital asset breaking through the $5 mark anytime soon, it thinks Ripple price will manage to stay firmly above the $1 in the foreseeable future.
Overall, their XRP forecast is bullish in the long term.
GOV Capital is predicting an even stronger bullish trend for XRP than Digital Coin Price. Their forecast about Ripple’s price has the crypto asset reaching $5 by 2027. They also expect the XRP coin price to increase by over 80% in one year — which is definitely achievable if there is a new market boom and great news from the Ripple Labs team.
Wallet Investor’s prognosis is also bullish but a lot more reserved than that of the other platforms on this list. While they don’t see the XRP coin hitting $5 any time soon, they still expect it to have positive price dynamics.
The platform aptly called “Price Prediction” has a positive outlook on XRP’s future. They expect the coin to keep on slowly and steadily increasing in value up until 2029, when, according to the website, Ripple price is going to explode.
According to their Ripple price forecast, Price Prediction expects XRP to cross over the $30 mark in 2031.
XRP Price Prediction 2022
According to the technical analysis of XRP prices expected in 2022, the minimum cost of XRP will be $0.50995. The maximum level that the XRP price can reach is $0.57994. The average trading price is expected around $0.53995.
XRP Price Forecast for September 2022
Based on the price fluctuations of XRP at the beginning of 2022, crypto experts expect the average XRP rate of $0.49995 in September 2022. Its minimum and maximum prices can be expected at $0.44996 and at $0.50995, respectively.
October 2022: XRP Price Forecast
Cryptocurrency experts are ready to announce their forecast for the XRP price in October 2022. The minimum trading cost might be $0.47995, while the maximum might reach $0.52995 during this month. On average, it is expected that the value of XRP might be around $0.50995.
XRP Price Forecast for November 2022
Crypto analysts have checked the price fluctuations of XRP in 2022 and in previous years, so the average XRP rate they predict might be around $0.51995 in November 2022. It can drop to $0.48995 as a minimum. The maximum value might be $0.54995.
December 2022: XRP Price Forecast
In the middle of the year 2022, the XRP price will be traded at $0.53995 on average. December 2022 might also witness an increase in the XRP value to $0.57994. It is assumed that the price will not drop lower than $0.50995 in December 2022.
XRP Price Prediction 2023
After the analysis of the prices of XRP in previous years, it is assumed that in 2023, the minimum price of XRP will be around $0.72993. The maximum expected XRP price may be around $0.91991. On average, the trading price might be $0.75992 in 2023.
XRP Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of XRP, in 2024, XRP is expected to have the following minimum and maximum prices: about $1.06989 and $1.25987, respectively. The average expected trading cost is $1.09989.
XRP Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of XRP and their fluctuations during the previous years. It is assumed that in 2025, the minimum XRP price might drop to $1.51985, while its maximum can reach $1.85981. On average, the trading cost will be around $1.56984.
XRP Price Prediction 2026
Based on the analysis of the costs of XRP by crypto experts, the following maximum and minimum XRP prices are expected in 2026: $2.64974 and $2.29977. On average, it will be traded at $2.35976.
XRP Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of XRP. Based on their predictions, the estimated average XRP price will be around $3.46965. It might drop to a minimum of $3.34967, but it still might reach $4.07959 throughout 2027.
XRP Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of XRP. It is estimated that XRP will be traded between $4.67953 and $5.83942 in 2028. Its average cost is expected at around $4.84952 during the year.
XRP Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the XRP’s price. The year 2029 will be determined by the maximum XRP price of $8.19918. However, its rate might drop to around $6.77932. So, the expected average trading price is $6.9793.
XRP Price Prediction 2030
After years of analysis of the XRP price, crypto experts are ready to provide their XRP cost estimation for 2030. It will be traded for at least $10.39896, with the possible maximum peaks at $12.0288. Therefore, on average, you can expect the XRP price to be around $10.74893 in 2030.
XRP Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the XRP’s price. The year 2031 will be determined by the maximum XRP price of $17.9582. However, its rate might drop to around $14.58854. So, the expected average trading price is $15.0185.
Ripple XRP NEWS
XRP can be a good investment if it fits your portfolio. It has a lot of advantages over many other cryptocurrency projects as well as an already established community and platform. The Ripple team seems to be extremely dedicated to their project and actively works on making it better and regularly upgrading it.
You can get XRP at fair rates and with low fees on Changelly. Alternatively, you can also check out our list of the best cryptocurrencies in which one can invest in 2022.
Can Ripple reach $10?
Anything is possible, but it’s doubtful that Ripple will reach $10 in the foreseeable future. The XRP potential will grow if the coin becomes the best choice for cross-border payments by financial institutions, but this is a very rosy long-term prediction.
Will XRP get to $1,000?
In order for the XRP price to reach $1,000, the coin’s market cap will have to grow by around 1,000%. At the moment, it seems impossible.
Will XRP rise again?
Being a manifestation of the rapid and secure payment gateway, Ripple has allowed users worldwide under no encumbrances of government or any other financial institution. Thus, it is completely customer-focused, and as per the recent price movements, it may soon show a considerable gain.
Is XRP better than Bitcoin?
XRP is behind Bitcoin in terms of both market capitalization and popularity, but it is a much more efficient medium of exchange and payment. XRP transactions are faster and cheaper and consume less power than BTC ones.
Can XRP become the next Bitcoin?
XRP is unlikely to ever overtake Bitcoin or even reach a similar level of both fame and profitability. Although XRP is more impressive on a technical level, BTC has wider adoption and is a stronger brand. Both of these factors mean a lot in the crypto world, and it’s hard to say whether a coin like XRP, which has already established a niche for itself, will ever be able to reach Bitcoin’s heights.
We doubt XRP can become the next Bitcoin in terms of hype and popularity, but it can potentially become the primary coin people think of when they hear the words “crypto payments.”
Should you invest in XRP?
XRP is a technologically advanced and popular coin with bright prospects in terms of price. It also has little competition that can do the same things it does.
The widespread use of the XRP coin makes it popular in various sections of society — from financial corporations to ordinary private users. Therefore, purchasing this digital currency seems like a good investment.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.