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Ripple (XRP) remains the most exciting cryptocurrency on the market, along with Bitcoin and Ethereum. With the crypto trading market entering a new era, traders who can ride an accurate Ripple prediction will stand to make a lot of money on the crypto exchange.
In this article, we'll explain Ripple's XRP and present information for making a Ripple XRP price prediction. This includes an analysis of Ripple's price in the cryptocurrency market, as well as past and future price predictions.
What is Ripple (XRP)?
Ripple and XRP are often used interchangeably on most crypto trading and exchange websites. But strictly speaking, Ripple isn't the same as XRP. Ripple is a private company that uses advanced blockchain technology to enable a network of real-time payment, exchange and remittance services built on a distributed LEDGER database, i.e., the XRP ledger. Ripple's payment services support multiple currencies, including fiat.
XRP, also known as Ripple coin or just Ripple, is the actual token; it's Ripple's digital asset. XRP is used on the Ripple network to facilitate money transfers between different currencies. By first converting the value of the transfer into XRP (rather than a fiat currency like USD), exchange fees are avoided, and payments can be processed instantly.
We want to keep focusing on making XRP a valuable payment tool, and that value will increase accordingly. — Brad Garlinghouse, Ripple CEO
The speed and efficiency of Ripple's system have led to its adoption by big mainstream financial institutions like Bank of America and Spanish banking giant Santander.
The list of banks that support Ripple continues to expand. Cryptoslate's
XRP price is technically independent of the Ripple network. Clients aren't forced to use the cryptocurrency. Still, the increased adoption of the Ripple payment system will affect XRP price predictions as mainstream interest grows.
What are the differences between XRP and Bitcoin?
- is decentralised, completely public, and aims to bypass banks, but Ripple is controlled by one company that aims to work with banks. Ripple's XRP cannot be mined. Instead, a finite amount of XRP was created and released at once by Ripple. With each transaction, a small amount of XRP is destroyed, which decreases the supply.
- It takes anywhere from 10 minutes to more than an hour to process a transaction with Bitcoin but only 4 seconds when using XRP.
- XRP is capable of 1,500 transactions per second, whereas Bitcoin's maximum is approximately 7 transactions per second.
- Transactions are also cheaper with XRP. The average fees for Bitcoin transactions have risen to $27, with each transaction taking an average of 70 minutes to clear.
So, should you buy Ripple XRP? The current price of Ripple is good for buyers, and it makes sense to invest if Ripple price predictions show the price of XRP going up. Let's take a look at the evidence from ripples price history and future XRP price predictions from crypto exchanges and experts.
Ripple (XRP) price analysis
To be able to understand future predictions of Ripple's XRP price, we'll first look at how the cryptocurrency has performed on the market so far. Have past price predictions been proven correct?
XRP price history. Ripple's payment protocol and the accompanying XRP digital token have been around since 2014. The Ripple coin hit the market with a value of around $0.06. Then, as Ripple formed partnerships and developed its relationships with established banks, the price of the XRP cryptocurrency started to rise. Since 2014, the price of XRP has risen, even if it's still affordable as an investment.
Ripple just might be the catalyst in making cryptocurrency more mainstream. — Craig Cole, CryptoMaps
The first price peak came in May 2017, when one XRP became worth $0.34. The increase in XRP's value correlated with Ripple establishing itself in emerging markets when it opened new offices in Singapore and Mumbai.
XRP technical analysis. Ripple's XRP is meant to be a method of facilitating payments between financial institutions, not an investment vehicle. However, you can still put money on it, and there are many reasons why you should. XRP has the biggest share of the crypto market after Bitcoin and Ethereum, but it's cheaper than both — usually between $0.50 and $1.00 in 2021. Ripple's low prices as compared to other top crypto assets make it a perfect entry point for beginners and mid-level investors who have been priced out of Bitcoin and Ethereum.
Because Ripple price predictions expect the value of XRP to rise, even if adoption is slow, XRP could be a good long-term investment. Another advantage of buying Ripple is that it has, so far, shown less volatility than Bitcoin and other cryptocurrencies, making it a safer investment, even during bad trading periods for digital assets.
Ripple price prediction 2018
To examine XRP's future movements, it's a good idea to look at the past. The cryptocurrency was first made available in 2012, with a pre-mined supply of 100 billion tokens. Compare this to Bitcoin, which has a maximum supply of 21 million coins that are going to be released between now and 2140.
XRP traded close to $0.005 (€0.0045, ?0.0037) when it launched. For the first few years, the price didn't move much. XRP's value remained largely flat until 2017. That was the year of the first big crypto industry boom, which was largely unexpected and lifted the value of Bitcoin, Ethereum and many other crypto tokens, including XRP. Ripple's coin increased rapidly in price during April and May 2017, rising to $0.40 per token. Prices later settled to around $0.20 for most of 2017.
Another surge was seen on 13 December 2017, when XRP prices rose by 84% in a day from $0.27 to $0.51. In the weeks that followed, records continued to be broken. After surpassing the $1 threshold, XRP ended the year at $2.30, a whopping 38% increase in its price since the start of 2017. The bull run continued into the first week of January 2018, when prices hit $3.40, the all-time high for XRP that has yet to regain.
This lofty high point didn't last long. Ripple faced some brutal market corrections that saw it fall to $2.46 by 8 January 2018. By mid-January, the price halved to $1.18. Finally, in February, Ripple sank below $1. XRP hasn't managed to climb back over this threshold since then. Typically, Ripple meets resistance at around $0.18 to $0.23.
Ripple price prediction 2019
Ripple prices in 2019 tell a similar story to 2018. Despite the occasional flare of interest that drove XRP's price up to $0.40 or even $0.60, it largely stayed in the twenties and didn't even come close to breaking a dollar.
Ripple (XRP) price prediction for 2020, 2021, 2022 2025, 2030
Brad Garlinghouse Ripple Price Prediction for 2021, 2022, 2025, 2030
Brad Garlinghouse, Ripple's CEO, has big future predictions for Ripple, forecasting that it may become the Amazon of the crypto industry by 2025. Garlington is playing a safe long-term game. This month, in a recent interview with Brad, he was asked what his expectations for Ripple were for the next couple of years. He was quite optimistic and said, "The road map for Ripple remains the same, with wider adoption and increased positive sentiment of people towards cryptocurrencies in general, the future seems bright for XRP".
In a 2018 interview, he reminded listeners that anyone investing in XRP, as opposed to trading it, should consider thinking in months and years, not days.
Garlinghouse also stressed the importance of cooperating with governments and banks, as opposed to the freebooter, regulation-dodging spirit of Bitcoin. And he might be onto something. Ripple has previously thrived during bear market periods when other blockchain projects plummeted.
TradingBeasts Ripple price prediction for 2021, 2022, 2025, 2030
Here's how the market analysts at TradingBeasts predict future price changes for Ripple:
- XRP's price in 2021: TradingBeasts predict that the average price of XRP will close the year around $1.31 and stay close to that number.
- XRP's price in 2022: Ripple's price is expected to be valued between $1.32 and $1.36.
- XRP's price in 2023: The TradingBeasts price prediction for XRP in 2022 put it in the range of $1.12 to as high as $1.70.
- XRP's price in 2024: The TradingBeasts analysis puts the average price of XRP in 2023 at $1.36.
WalletInvestor Ripple Price Prediction for 2021, 2022, 2025, 2030
WalletInvestor, a self-described AI-based forecasting service, has predicted a positive for XRP's price in the next coming years.
- XRP's price in 2021: WalletInvestor predicts that Ripple will have a minimum price of $1.129 by the year's end, which is quite optimistic given that Ripple's current price is even lower than that.
- XRP's price in 2022: In 2022, Ripple is expected to trade between $0.998 and $2.278.
- XRP's price in 2023: The prediction from WalletInvestor is still optimistic for 2023, with a projected Ripple price averaging around $2.210.
- XRP's price in 2025: WalletInvestor price predictions for Ripple go as high as $4.734, with an average price of $3.603.
Long Forecast Ripple price prediction for 2021, 2022, 2025, 2030
Long Forecast is run by the Economic Forecast Agency, which specialises in long-term market predictions. Here's how they predict the price of XRP will behave in the next few years.
XRP's price in 2021: The average price is predicted to be around $1.19. XRP's price in 2022: Ripple's price should rise between $0.66 and $1.04. XRP's price in 2023: XRP's price is predicted to rise and stabilise at $1.60. XRP's price in 2025: LongForecast's closest prediction is that Ripple's price could reach $5 in Q4.
More partnerships for Ripple should increase attention around XRP as it is involved in exchanging money. That should also drive up the price as investors become more interested in it. This will also mean that XRP tokens will become scarcer through their use.
One man's regulation is another man's protection. — Cory Johnson, Ripple Chief Market Strategist
As Ripple continues to add new clients, it stands to reason that the price of the XRP cryptocurrency should also rise. Going into the hundreds of dollars or more, as some analysts predicted before 2020, now seems unrealistic, but traders and investors should still keep an eye on XRP in the long run. StormGain is the perfect platform for any trader looking to profit from Ripple's rise in price because it lets investors quickly purchase and trade Ripple XRP with no hassle. You can also trade other currencies like Bitcoin, Ethereum, Litecoin, and other altcoins.
Smartereum Ripple price prediction for 2021, 2022, 2025, 2030
Smartereum is a Houston- and Silicon Valley-based news site founded in 2017. It reports news, analysis, and information about blockchain technology, including cryptocurrencies like Bitcoin, Ethereum, Litecoin, and, of course, Ripple's XRP.
Many experts have been reluctant to make a Ripple price prediction higher than $500 a coin. However, this seems to have changed with usually-conservative experts now suggesting that XRP could reach up to $1,000 a coin in a few years. — Andreas Kaplan, Smartereum
As a news site, Smartereum has reported on the predictions for XRP's future value. A feature published on Smartereum aggregated the best projections of analysts and forecasts, predicting an inevitable and significant rise in Ripple's price. It's in the best interest of Ripple and its influential financial partners that the XRP's price rises because it will make XRP less volatile.
XRP's price in 2021: Analysts cited by Smartereum predicted prices of up to $10-$15 per XRP by the start of 2021, but this did not prove to be the case. XRP's price in 2022: Smartereum noted that even conservative experts were suggesting that XRP could reach up to $1,000 a coin in just a few years after 2019, which we witnessed earlier this year, but that's left to be seen. XRP's price in 2030: Smartereum's feature reported projections that Ripple's value could go up to $200-$300 by 2030.
Ripple (XRP) overall future value predictions
Ripple's price could certainly rise even higher in the long-term as Ripple's payment- and exchange-facilitating technology are adopted and supported by powerful banks and financial institutions. But what could be Ripple's possible prices from 2021 to 2030?
How High Can Ripple Go?
Looking at the XRP price history, some analysts confidently predict that Ripple could easily double or triple in value, perhaps even more, as the parent company's success makes it less vulnerable to the volatility of the crypto market.
I think you want to use XRP (as a stable coin). The chart for XRP/XRP would look the same, so it's also sound money, but they have Institutional adoption and Partnerships, so they're better. — Vitalik Buterin, Ether creator
If both the crypto market and Ripple's commercial venture are strong, we could see Ripple's value rise to several dollars per token, perhaps even reaching $5 soon. A $10 price prediction for XRP still seems optimistic, but if you're looking to 2025 or 2030, anything is possible.
Some eager investors and traders are holding on to the hope that Ripple's price will climb to as high as $100. However, such a dramatic rise is wildly optimistic, so anyone investing in Ripple and waiting for it to multiply by over 100x should be prepared to hodl for quite a few years.
XRP price prediction today
Ripple is currently trading for around $1.06, with a market capitalisation of $49,610,550,743.33 and a circulating supply of 46,750,439,262 XRP. To make price predictions for the next few months, one should look at the progress of Ripple's commercial FinTech venture and the cryptocurrency market in general.
Ripple, as a company, appears to be in a period of healthy global growth. The firm previously announced that it would be buying $30 million worth of MoneyGram shares at $4.10 per share, along with $20 million worth of shares over the next two years. Ripple has partnered with MoneyGram and PNC Treasury Management to facilitate many cross-border payments between individuals and banks. Ripple recently announced a new cooperation with Egypt's largest bank, the National Bank of Egypt, to process cross-border payments from the United Arab Emirates to Egypt.
