Digital currencies are gaining in popularity day by day in recent years. XRP is one of the top cryptocurrency leaders, along with Bitcoin, Ethereum, and Tether. This reality alone helps one look at the Ripple project more closely.
Are you interested to invest in the XRP Coin, but are you unaware of how it will perform in the near future? Then you are at the right place to have your queries answered
In this article, we will provide you with the complete price predictions of Ripple (XRP) and find out what the new XRP price estimates look like for 2021 and beyond.
Table of contents
|Market cap||$ 21,639,268,524.0000|
|Circulating Supply||$ 45,699,712,456.0000|
|Trading Volume||$ 7,631,705,731.0000|
|All time high||$ 3.4000 January 7, 2018|
|All time low||$ 0.0027 May 22, 2014|
What Is Ripple?
Ripple was first released in 2012, and similar to Ethereum, it is widely used to describe both its payment network and its native currency. In fact, its network is called RippleNet, while Ripple XRP is its crypto currency.
Ryan Fugger first expressed the concept behind the Ripple payment network in 2004, but it was not until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple started to be created.
Ripple (XRP) is the currency that runs on RippleNet, a digital payment network, which is on top of the XRP Ledger distributed database. The XRP Ledger is open source and is not based on a blockchain, but rather on the distributed ledger database.
Ripple Technical Analysis
With an approximate price of $0.005, the coin started on the market in 2012. During the year 2013, Ripple traded at the resistance levels of $0.005882. Then in 2014 and the subsequent years, the price of Ripple began to trade at a higher rate.
Until 2017, when the entire crypto industry was in its rapid growth, its valuation stayed somewhat flat. In May 2017, the first price peak occurred. Back then, the XRP rose to $0.36 per coin. This was followed by the launch of the Ripple office in Mumbai. For the next six months, rates stabilised in the $0.20 mark.
In January 2018, the second high happened. The XRP reached its all-time high of $3.84 on January 4. After which, however, the price began to decline steadily, and by September, the cost dropped to $0.29. The short-lived upside momentum then raised the worth of the coin to $0.56. The XRP closed at $0.35 in 2018.
The coin did not have any major breakthroughs in 2019, remaining steady in the $0.2-$0.5 range. The price of the currency rose to $0.33 in eight weeks after bottoming at $0.17 in December, marking a rise of nearly 100 %.
XRP was priced about $0.20 a coin in January 2020. Then there was a rapid bull rush that pushed the price towards the $0.3 mark. Further the price consolidated between $0.15 and $0.32 till the mid March. Later the currency started to decline as the crypto market crashed and many of the altcoins lost their values. The token steadily started to recover after.
In the beginning of the fourth quarter XRP was trading at $0.24. Later, the altcoin started to grow as it hit $0.63 by the end of November as the expansion of broader cryptocurrency rally led by Bitcoin. XRP started to sink after.
Dreadfully, XRP crashed to $0.25 by the end of December as the community faced some legal issues with the SEC (Securities and Exchange Commission) claiming that Ripple conducted an unlawful issuance of securities. At the end of 2020 XRP was trading at $0.28.
XRP Price Prediction 2021
Ripple commenced the year 2021 with the price trading at $0.23 which was a really bad start as XRP is having issues with the SEC (Securities and Exchange Commission). Experts predict that XRP would trade at an average price of $0.83 by the end of January 2021. At the end of 2021 XRP could reach an average trade price of $0.65.
Ripple Price Prediction 2022
Experts predict that XRP will be trading at $0.55 at the beginning of 2022 and could reach upto $0.60 by the middle of January. By the end of 2022 XRP would be trading at a price of $0.58.
XRP 5 Years Price Prediction
In the next 5 years, XRP may progress to record prices within the $4-$8 vicinity. However, the most workable idea is to expect a midpoint. As adoption matures, users will be able to buy Ripple in the most affordable and convenient way. By 2025, it is feasible that XRP price may reach as high as $6.
Ripple Market Prediction
With this volatile market, predicting the price for cryptocurrencies is quite difficult. To get a clearer idea of the Ripple price prediction, let’s consider some of the imminent publications and personalities, and their statements regarding the Ripple price prediction:
According to Capital.com, XRP is expected to trade at an average of $0.30 by the end of 2021. After beginning 2022 at $0.50, the service sees XRP dropping below the $0.1 mark in August, recovering to close the year at $0.37. By 2025 XRP’s projected value can be in the range between $0.50-$0.60.
- Investment Haven
An ambitious bullish outlook for 2020 has been made by Market Haven, a crypto prediction platform, as it claims 2020 will be a flawless year for Ripple. XRP could reach as high as $20 by 2020, they said, as XRP claims it has the greatest capacity of all other cryptos.
- Ripple coin news
Ripple coin news, the second-largest traffic-based news website, estimates that the coming years will surface as a smooth time for Ripple after a complex trend. As there will be an expansion of alliances and emerging technology, which will raise its price to $8 of $10.
According to a recent research by Moody’s, Blockchain standards will increase by 2021. XRP is now the fourth largest cryptocurrency, which is aiming for a lot of developments by 2021. As per the XRP price trends, the experts believe that it will enter into countless financial institution partnerships. It might even touch the $2 mark by 2021.
- Oracle Times
In one of their posts, Oracle Times recently reported that they expect that XRP could rise as much as 2000 %, and they claimed that it could only be feasible if Ripple were the best option for financial institutions to make cross-border payments. Cross-border trades account for nearly 9.8 trillion dollars.
According to all of these predictions, the majority of the companies are sure Ripple will not reach $10. But, the price of $5 is the realistic sum. Eventually, the value $5 will also represent 15x ROI which is actually great.
Our XRP Predictions
Ripple is best known for its RippleNet technology, which is a bank-to-bank transfer mechanism where cross-border transfers can be made instantly, and has achieved a great deal relative to the previous year.
It is expected to extend to more nations in 2021 and intends to double business inflows compared to $2 million in the previous year and has already begun to do so. To be conservative, XRP might reach $1.20 by the end of 2021. It might even reach $2 at most.
No, XRP cannot be mined as the individuals who can generate XRP are the ones who can release them.
The main difference between them is the transaction time, Bitcoin takes around 10 minutes while XRP takes around 5 seconds.
XRP might reach $1.50 by 2021.
Ripple might grow higher in value by 2025 and might trade at $4.52