Bitcoin
BTC$51 105.08

-0.20%

Ethereum
ETH$2 960.73

0.64%

Tether
USDT$0.999837

0.01%

Binance Coin
BNB$380.69

1.13%

Solana
SOL$102.23

-0.37%

XRP
XRP$0.546133

1.85%

Ripple Price Prediction | How Much Will XRP Be Worth?


23 Mar 2023

#XRP

This guide serves as a valuable resource for investors and traders seeking to uncover Ripple’s price projections in the short and long run. As an emerging technology, cryptocurrencies are poised to revolutionize numerous markets. Ripple, also known as XRP, is a digital asset that seeks to disrupt the cross-border payments sector entirely. While the future of XRP could be strong, there are a lot of questions around it as well.

Ripple’s goals for XRP are quite different from what Bitcoin is aiming to achieve. Both provide users of the cryptocurrency a way to control their own assets, however, Ripple was designed for speed and to achieve some of the lowest fees of any crypto asset. These attributes make it extremely attractive for banks – Ripple’s main target customer – to move large amounts of money quickly, at a very low cost.

Due to this, Ripple is said to eventually become a replacement for SWIFT – the current standard for international bank wires, that includes slow speeds and high fees. Banks have been trialing Ripple’s xRapid which uses XRP to move funds at lightning-fast speeds between two third parties. Ripple may also disrupt traditional cross-border payments brands such as Western Union and MoneyGram, and at one point acquired an ownership stake in MoneyGram, sending the price of the stock skyrocketing.

Because Ripple could potentially become the new standard across so many industries. Ripple has among the highest long-term price potential out of any crypto assets. Short and long term prices can be difficult to predict, however, this guide provides detailed information from industry experts and in-depth technical analysis, in order to help provide accurate Ripple price prediction and answer commonly asked questions such as “how high will Ripple go” and “how much will Ripple be worth in five years.

What is Ripple And The XRP Token?

XRP is the native cryptocurrency of the Ripple protocol. XRP potential is enormous, but there are a lot of things to understand. Ripple is both the blockchain network that XRP is transferred over, and the name of the company that created the crypto token and helps to push its adoption at banks and other cross-border payment companies. The XRP coin is designed to improve speeds over existing cryptocurrencies, making it especially attractive as a payment currency. For example, Bitcoin takes as much as 10 minutes to confirm a transaction, while confirmations using Ripple and XRP take as little as 5 seconds. It’s easy to see why Ripple is considered one of the best investments in the cryptocurrency industry.

Ripple was first created by Jed McCaleb, Arthur Britto, and Ripple CTO David Schwartz and started its life named OpenCoin. Later, it was renamed to XRP, Ripple Labs was formed, and now is led by CEO Brad Garlinghouse.

Jed McCaleb is no longer associated with the project and launched a similar cryptocurrency, Stellar, which is competing with Ripple for the cross-border payments market. However, Ripple dominates this industry and shows no signs of letting a competitor steal their thunder.

Ripple In 2022 And The History of XRP

To understand “What does the future of xrp looks like?”, you need to look at price history. Ripple originally had a strong breakout in 2021, but gave back those gains in 2022 as the “crypto winter” set in. This was especially hard on Ripple, as it is dealing with a lawsuit from the SEC that claims that XRP tokens are unregistered securities. The SEC claims that Ripple, the parent company, has broken laws by offering unregistered securities to investors in the United States.

Ripple has been delisted from most cryptocurrency exchanges that do business with Americans, which could cause the asset to struggle even further. The technicals on this chart look very flat at the moment, although it’s probably worth noting that Ripple one a request from a court judge to force the SEC to release documents related to how the entity arrived at deeming other crypto, namely Bitcoin and Ethereum, as not being securities. The price of the coin immediately jumped all the way above the $1.00 level, but has since drifted lower due to the overall malaise in the crypto markets.

2023 looks to be a year of accumulation, as the market has gone sideways between the $0.30 and $0.50 levels. The XRP prediction going forward continues to be a bit of a difficult situation.

Ripple Experts Weigh in On XRP Long Term Value

Ripple continues to attract analysts from around the world, as it is one of the most exciting advances using blockchain, allowing cross-border payments easily. Because of this, and the fact that several banks around the world have adopted it, there is an expectation that not only will Ripple survive, but it should thrive over the longer term. That being said, short-term xrp future predictions are difficult, but assuming that XRP has a long life, further predictions will more likely than not be a bit easier.

Digital Coin Price

Digital Coin Price, a widely followed Internet publication, suggests that the price of Ripple will continue to climb, but in more or less a steady cadence. The Ripple price prediction that they have published looks strong, but will be slow to get going. They believe that by 2030, Ripple could reach $3.54, suggesting that price could tenfold in the next 7 years or so. That being said, it seems as if they expect more of an exponential move starting during 2028, so the move will be very uneven. Its XRP price prediction also states that the markets will continue to be very volatile for some time.

Cryptonewsz.com has a XRP forecast that says the price of Ripple will continue to climb as well, but is much more bullish than Digital Coin Price, as by 2030 they expect that the price of Ripple could climb to as high as $9.81. They believe that the momentum will start to pick up in 2025, as Ripple could be somewhere near $4 at that point. That being said, any Ripple (XRP) price prediction is noisy to say the least.

XRP Historical Price Data

Analyzing historical XRP market price data can provide insights into the minimum possible price, while considering the circulating supply can give investors an idea of the maximum Ripple price and facilitate a long-term XRP price prediction. Notably, the digital asset is capped at 100,000,000,000 XRP.  A XRP price prediction has to keep in mind that although there is a limit, it would necessarily be scarce.

During the 2017 crypto bubble, Ripple hit an all-time high of over three dollars, making it the most profitable asset that year, with investors earning over 1,000% gains in a short period. XRP is available on various crypto exchanges and can be traded against BTC and USD pairs, with its current price hovering around $0.35 per token.

XRP Price Technical Analysis and Price Potential

XRP has seen a couple of different major bullish runs over the last several years, but as the market has seen a major “crypto winter”, Ripple has struggled right along with the rest of the market. It initially hit a high of $3.33 back in 2018, rallied again to fall just short of the $2.00 level in 2021, and started to fall quite drastically. Since then, Ripple has stabilized a bit, and the technical analysis suggests that perhaps the market is trying to form some type of accumulation pattern.

However, it’s also worth noting that as long as the SEC lawsuit remains intact, that does prevent Ripple from truly taking off to the upside. However, once that is finally settled, it’s very likely that Ripple will react positively to any good news. The following sections feature XRP price forecasts from various sources.

XRP Price Prediction 2023

During the year 2023, it’s very likely that Ripple will stay somewhat stagnant, as the market seems to be comfortable in its accumulation phase. The market seems to be trading with a bit of a magnet for price at the $0.35 level, and shows no real proclivity to take off yet. 2023 could be a good year to accumulate more, if you are a longer-term believer.

XRP Price Forecast 2024 – 2025

With most XRP future predictions, It’s generally expected that Ripple should be worth more between 2024 and 2025 than it is now, with some pundits suggesting that it could be worth as high as $4. Some are a little bit more modest, expecting closer to $1. Either way, even using some of the lower estimates that we saw, that is an expectation of almost tripling its value in the next couple of years. The XRP price prediction for 2025 depends greatly on who you ask to be honest.

Long Term XRP Price Prediction for 2030 and beyond

Forecasting for long-term moves is an extremely difficult concept, but there are some signs that Ripple is going to see more adoption, as Asian banks in particular have seen a use for the cross-border payment aspect. Going forward, it is expected that Ripple does well, but quite frankly cryptocurrency in general needs to make a bit of a turnaround for Ripple to do the same. Any XRP price prediction for 2030 or beyond is one part faith, and one part guess. That being said, there are even some who have a XRP price prediction for 2050! Needless to say, if it is still around then, one would have to assume it has been successful.

Conclusion: Is XRP a Good Investment and What is the Future of XRP?

While this comprehensive guide equips potential investors and traders with the information and predictions needed to make informed decisions about Ripple investments. Ripple, with its potential to revolutionize multiple industries, has the support of Ripple Labs’ experienced team and other investors dedicated to driving adoption of the digital asset. Nevertheless, Ripple currently faces obstacles due to opposition from prominent US regulators.

Ripple is typically offered alongside other popular cryptocurrencies Bitcoin, Ethereum, Litecoin, and EOS, as well as traditional assets such as the most popular forex currencies, commodities, stock indices, and spot contracts for gold and silver.

With fiat currencies expected to fall, while cryptocurrencies which are hard-capped and deflationary are expected to grow to new heights and show their true power as the future of money. Will Ripple be part of that new future of finance? XRP future price predictions will have to take all of this in mind, and the future is far from clear.

FAQ: Frequently Asked Questions


Related

XRP price could rally by 50% based off comments from a former SEC director
XRP price could rally by 50% based off comments from a former SEC director
RoboForex adds 7 new cryptocurrencies
RoboForex adds 7 new cryptocurrencies
XRP mega whales scoop up over $700M in second-biggest accumulation spree in history
XRP mega whales scoop up over $700M in second-biggest accumulation spree in history
XRP gains 30% after Ripple gets permission to explain fair notice defense vs. SEC
XRP gains 30% after Ripple gets permission to explain fair notice defense vs. SEC
Ripple chair's pay-off plan to convince BTC miners to adopt Proof of Stake
Ripple chair's pay-off plan to convince BTC miners to adopt Proof of Stake
XRP price will fall to new lows vs. Bitcoin if this famous chart pattern plays out
XRP price will fall to new lows vs. Bitcoin if this famous chart pattern plays out
XRP below $1, futures open interest down by 75%
XRP below $1, futures open interest down by 75%
SEC loses a battle to win the war? Ripple dissociates from pumping XRP
SEC loses a battle to win the war? Ripple dissociates from pumping XRP
420M$ in leveraged long traders liquidated after XRP rallies to $1.96
420M$ in leveraged long traders liquidated after XRP rallies to $1.96

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 65.2% 79 $51 105.08 -0.20% -1.15% $1 003 512 715 674 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 74 $2 960.73 0.64% 6.46% $355 751 431 010 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999837 0.01% -0.05% $97 894 752 247 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 70 $380.69 1.13% 6.45% $56 930 194 738 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 72.4% 50 $102.23 -0.37% -6.58% $45 090 053 848 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 83.6% 21 $0.546133 1.85% -1.43% $29 815 727 194 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94% 1 $0.999999 0% 0% $28 140 573 679 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 65.6% 70 $0.587899 0.75% 0.13% $20 852 958 050 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 71.2% 56 $36.64 -0.34% -7.77% $13 821 787 005 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 90.4% 13 $0.085360 1.92% 0.91% $12 223 858 828 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 70.8% 62 $0.137670 -0.76% 0.05% $12 117 006 673 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 67.6% 61 $0.137632 -0.71% 0.40% $12 113 656 497 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 69.6% 62 $18.40 2.60% -5.91% $10 802 289 665 LINK 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 77.2% 48 $7.75 5.49% 1.95% $9 944 804 876 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.