Here, we will take a closer look at some Ripple predictions to help you decide whether you should invest in XRP or not?
Are Ripple predictions bullish or bearish? Will Ripple XRP go up or down in the future? How high will XRP go in the short and long term? Is the price going to drop? Should I invest in XRP or not? These are some of the most common questions you may have as an existing or prospective XRP investor. If you are interested in finding out the answers, you are at the right place to have your queries answered.
Ripple XRP Price History
Since 02 February 2013, Ripple (XRP) has been trading on the market. It first traded at the price of $0.01 on 04 August 2013. XRP was somehow stable from its launch in 2013 until early 2017. By the end of 2017, its price surged by 35,000%. The explanation for such a quick growth was the news that Ripple’s network joined Bank of Tokyo-Mitsubishi. The Bank of Tokyo is the third-largest bank in the entire world.
Ripple achieved its all-time high of $3.37 on 7 January 2018. However, it couldn’t maintain this growth, and it subsequently dropped by 76% within one month. The crash occurred due to fears of new regulations on the Asian markets. The news affected not only XRP but also other cryptocurrencies as well. In 2018, the total market cap for cryptos declined by around 43%. But 2018 was not entirely dark for XRP. Within several days at the end of September 2018, Ripple increased over 140%. XRP/USD rate went up after Ripple’s Head of Regulatory Relations for Asia-Pacific and the Middle East, Mr. Sagar Sarbhai, said the company would release a product to expedite bank transactions using XRP.
Ripple price history chart
XRP in 2019
2019 was relatively stable for Ripple, with no dramatic volatility. Since the Ripple network was very active in Southeast Asia, news on cross-border payments significantly impacted its price. For instance, XRP’s rate climbed after Japan and South Korea started working on time and cost reductions for transferring international funds between the two countries. However, by the end of 2019, the downtrend strengthened.
XRP in 2020
In April 2020, the co-founder of Ripple Jed McCaleb sold 54 million Ripples. As expected, the price dropped after it became public. Surprisingly, in April, XRP made a comeback, despite a Pandemic outbreak across the globe and registered record prices not to be discouraged. In August, India’s largest bank HDFC Bank joined RippleNet. In November, the second-largest bank in the United States, the Bank of America, also signed an agreement with Ripple. As a result, the news caused an increase in XRP.
In 2020, the U.S. Securities and Exchange Commission filed a lawsuit against Ripple company. Hence, just within two days, from December 22 to 23, 2020, the XRP rate dropped from approximately $0.50 to below $0.30. While the lawsuit announcement led to a massive drop in XRP value at first, the coin has rebounded since then, thanks mainly to retail investors and traders elevating its value plus the general bull run of the cryptocurrency industry at the end of 2020.
Source: TradingBeasts (XRP Price Performance 2019-2021)
XRP in 2021
XRP started the year with a low value. on January 30th XRP surpassed $0.40. From the end of January to April 4th, XRP was trading within the range of $0.40-0.60. The upward trend began on April 5th and lasted until April 14th, when XRP reached $1.80. The surge resulted from two court rulings in favor of Ripple. By the way, if the court’s final verdict issues in Ripple’s Favor, XRP will go higher.
Due to the ongoing SEC lawsuit, XRP returned to $1. From the end of April to the end of May, Ripple XRP was volatile. Even though XRP tried to hit $1.65, it returned to the lows of $0.77. One of the reasons for XRP’s bearish trend was due to Jed McCaleb, ex-Ripple executive, who dumped more than $310 million in XRP. The downtrend continued until the middle of July when the price was trading slightly above $0.60.
XRP in 2021
Currently, at the time of writing this post on August 8, 2021, XRP is about $ 0.81, up %6.99 from its previous close, with a live market cap of $ 37,907,251,009 and a 24-hour trading volume of $4,373,764,497. XRP holds the 6th rank in the cryptocurrency market, still fighting extremely hard to compete with top-ranked cryptocurrencies such as Bitcoin, ETH, Litecoin, etc. Moreover, XRP shows a 269% gain from the beginning of the year. Also according to Coincodex, currently, the general XRP price prediction sentiment is bullish.
In the worst-case scenario, if XRP fails to break & hold the major resistance zone at $0.83, it will first find support at $0.77. The positive outlook will disappear if the price drops below $0.65. Such a move will suggest that XRP can remain range-bound between $0.50 and $0.75 for a few more days.
Ripple Predictions in 2021 and Beyond
Due to the crypto market’s volatility, making short or long-term predictions has always been a challenge for leading forecasting agencies and experts. However, their XPR analyses and forecasts should not be entirely ignored either. Let us consider some of them below to conclude how they see the destiny of XPR in the market.
TradingBeasts Ripple Predictions for 2021 and Beyond
TradingBeasts expects the average XRP price to stay within a $0.82-0.85 range in 2021. The website sees an uptrend, which is a good sign for XRP traders. Still, the rise will be limited. The maximum price will reach $1.228 in December 2021. Previously, TradingBeasts expected $2.20 as XRP’s highest price. However, the forecasting platform monitors cryptos very closely and updates its predicted prices daily.
Source: TradingBeasts (Ripple Predictions for 2021)
According to TradingBeasts’ long-term Ripple predictions, XRP will go up, and by the end of 2022, the average XRP price is expected to be $1.0322469. Also, Ripple XRP is predicted to reach the average price of 1.0600225 by the end of 2023 and $1.0572300 by the end of 2024.
An extreme bullish prediction was released by Prime XBT as they predict XPR will hit $4 by the end of 2021 and reach $22 by the end of 2022. Interestingly, the platform predicts XRP will drop in 2023, crashing to $9 and bouncing back to $50 by 2024-25.
Wallet Investor Ripple Predictions
According to their forecast system, XRP is a very profitable long-term (1-year) investment tool. Based on technical analyses, WalletInvestor expects a long-term increase for XRP, with earning potential of +38.94% in one year.
Short-term XRP to USD Price Predictions for the Next Weeks and Days
Long-term Ripple Predictions
As shown in the graphs above, XRP has a positive trend in the future, and it may be worthwhile for investing. Since this virtual currency has a positive outlook, WalletInvestor recommends it as a good part of an investment portfolio.
Crypto Ground Ripple Predictions
Crypto Ground is not very optimistic about Ripple predictions. However, the upward XRP movement will prevail in the short and long run. Based on technical analysis using the algorithm, the price of Ripple (XRP) will not decrease or drop in the long term.
Source: Crypto Ground
Based on the data, Crypto Ground predicts that it is profitable to invest in Ripple (XRP) for the next five years. Accordingly, it is anticipated that the price of Ripple (XRP) will be around $2.7495 after five years (from today). More specifically, the XRP will be about $1.008 in 2022, $1.4141 in 2023, $2.4165 in 2025, and $2.7495 in 2026.
Coin Price XRP Forecast
The Coin Price platform also predicts an upward trend for the XRP/USD pair. According to Coin Price Forecast, XRP may reach $0.83 by the end of 2021. Nonetheless, a new forecast was recently released, which expects XRP to soar to $1 by the end of 2021, $2 by the middle of 2023, and $3 in 2028. More precisely, based on their newly released Ripple (XRP) forecast, the predicted Ripple price at the end of 2021 is $1.17.
In the first half of 2022, the Ripple price will climb to $1.33. And in the second half of 2022, the price will add $0.40 and close the year at $1.73, indicating a 111% increase to its current price. Ripple will start 2023 at $1.73, then soar to $2.12 within the first six months of the year and finish 2023 at $1.96. However, remember that the Coin Price forecast is updated daily, and the coin price is updated every 15 minutes. Therefore, if you are willing to invest warily and informedly to earn more money, you have to put it on your watch list and check the website regularly.
Ripple price prediction
Long Forecast Ripple Predictions
According to the Economy Forecast Agency (EFA), XRP will have a downward trend. Therefore, Ripple (XRP) will reach $0.45 by the end of the year. With the help of mathematical and statistical methods of prediction based on the existing historical data, the platform predicts that the Ripple price will be $0.99 by the end of 2021. As such, Long Forecast Ripple predictions at the end of 2021 will be $1.21, at the end of 2023 ($0.88), at the end of 2024 will be ($0.38). Its predicted XRP price for September 2025 is $0.25, representing a decrease from its current price. Hence, according to the forecast, Ripple (XRP) is not a good investment tool.
Forexhatch Ripple Price Analysis
In Forexhatch Ripple predictions, technical analysis shows that XRP is stuck in the range of 0.5-1 USD, and XRP predicted value can hardly break outside that range before the end of 2021. Price growth is limited to about $1. But short-term moves above that limit, not exceeding a few cents though, are possible as well.
Coinpedia Ripple Predictions
According to Coinpedia, even with the SEC lawsuit hanging over Ripple’s head, XRP will trade at an average of $0.65 by the end of the year. Also, Coinpedia thinks that by the end of 2021, being a fast and less costly cryptocurrency, XRP can easily attract many investors. Thereby XRP can hit the $1.443 mark with a bullish market. Thus, the highest projected price for the year is $2. But it could be as low as $0.1 if the SEC lawsuit is not settled in favor of Ripple.
The Ripple-SEC lawsuit is expected to continue till 2022 and moreover. But the outcome is expected to come out in favor of Ripple. In such a scenario, the XRP price is expected to propel at a higher pace. And therefore, the price may hit near $1.868. According to the prediction, the currency would be in a range of $4 to $8 in 2025.
Ripple Predictions: Conclusion
Currently, XRP is a very speculative digital asset in the crypto market and cloud miner centers. The price will keep fluctuating until the SEC case is completely solved. Moreover, some forecasting agencies such as TradingBeasts or Economy Forecast Agency do not provide a rosy prediction for XRP. Additionally, as we saw, other less pessimistic Ripple predictions do not expect exponential highs for XRP. Generally, these are not positive signs for XRP investors.
However, remember that crypto predictions are approximate. It needs to be reiterated that many factors can intervene to change crypto prices in the market for better or worse. In this regard, it is essential to remember that these price predictions are just speculations, and it is impossible to predict the market precisely and with total certainty.
Nevertheless, it is best to be aware of the latest Ripple predictions, outlooks, news, upgrades, collaborations, market sentiments, etc. Then you will know better than others how well the Ripple project and the community are doing. XRP still has the potential to appreciate further if the SEC case settles successfully and the Ripple company provides the first crypto IPO and other innovative endeavors and advances to boost its crypto in the market. It may be a good idea to consider Ripple as a long-term investment if you consider adding it to your crypto portfolio through cloud mining.