Crypto currency

XRP Price Predictions & Ripple forecast: 2021 and Beyond

Ripple XRP is one of the world’s foremost cryptos – and one of the most intriguing. Unlike Bitcoin, Ethereum, and other big names, it does not market itself with its decentralization. Instead, the crypto is closely associated with several banks, investment companies, and organizations worldwide.

This may seem counterproductive when many traders believe that the biggest selling point of cryptocurrencies is their freedom of influence from outside companies. However, crypto experts are increasingly arguing that it could be the key to Ripple’s success. 

At the end of 2020, the company faced an SEC lawsuit that put the Ripple future under threat. Making a Ripple price prediction has become challenging for experts and common investors. Why is Ripple going up and down? How high will Ripple go? Let’s find out!

The article covers the following subjects:

What Is Ripple Crypto and the History of XRP?

Ripple or XRP: are they synonyms or different terms? If you are new to the crypto market, you may have such questions in your mind. Thus, we will start our price guide with basic terms. It will allow you to differentiate Ripple’s products.

In order for traders to understand Ripple price predictions, it is important to know what Ripple XRP is and why it differs from most other cryptos on the market.

Put simply, Ripple is a company that provides a payment protocol that can be compared to a payment system, money transfer network, and currency exchange. The protocol works with digital currencies, fiat money, and commodities. XRP is the protocol’s internal coin. 

If you want to have a deeper understanding of the Ripple topic, check the following terms. 

  • XRP or Ripple is a cryptocurrency that’s powered by RippleNet. Financial institutions use the coin to provide fast transactions with low fees. 

  • RippleNet represents a payment platform. It’s based on the distributed ledger database of XRP Ledger. Ripple operates the digital platform. RippleNet Cloud is used to deal with payments with one integration and a common Ripple Payment Object among RippleNet’s customers. It allows for “less friction and more standardization when customers are ready to scale.” 

  • As for the XRP Ledger, it’s open-source and is based on the ledger database, not blockchain.

About Ripple – A Crash Course on XRP

Ryan Fugger was the first person who announced the idea of Ripple. It was in 2004. However, the protocol’s real history started only in 2012 when Jed McCaleb and Chris Larson took over the project. That time it was not even Ripple but OpenCoin. The platform is actually called RippleNet, while the crypto token is Ripple XRP. (It is usually listed as XRP on exchanges).

First, it was a startup project from San Francisco; the blockchain-like payment system was developed. It was created as an alternative to money transfers for the banking system, not as an opposition. Its popularity among financial institutions grew fast, and soon the company announced interest from leading banks. It was expected as the system enforced low-fee fast transfers all around the world. 

Most altcoins that have entered the market are designed to solve some problems that the founders believed could ultimately limit the success of Bitcoin, the so-called king of cryptocurrency. Many, like Bitcoin Cash, have focused on Bitcoin’s lack of scalability. However, Ripple focused on another feature of crypto: its decentralization.

Rather than providing a way for merchants and investors to make transactions online without going through a centralized financial institution (which can be slow, potentially unsafe, and expensive), Ripple was designed to make it easier for centralized financial institutions to make payments. Cross-border payments can be even slower than domestic payments, and they come with much higher transaction costs – and companies worldwide can make hundreds of these transactions every day.

To avoid skyrocketing transaction fees and unfavorable exchange rates, Ripple allows companies to send and receive payments in Ripple XRP. It offers a globalized currency that bypasses some of the problems that can plague fiat currency and fully decentralized cryptos.

Banks apply the protocol to make cross-border transfers in real-time using the xCurrent software solution. At the same time, Ripple (XRP) is also available for investors and traders. Traders can do operations with the cryptocurrency via trading on crypto exchanges or with the help of brokers. The company has had contacts at the highest political and financial levels for many years. Think of the World Bank, the ECB, the IMF, and the World Economic Forum. With rave recommendations and being priced from all sides – what could go wrong?

What Happened to XRP in 2020? 

Before we list experts’ opinions regarding XRP price forecasts and Ripple’s future, let’s look at the price history that will uncover plenty of vital things for any investor. First, you will see what affects the current price of XRP and in what way. And, you will catch the current market conditions to be in the market. 

During 2020, the XRP market price was relatively stable with several medium-term bullish and bearish trends. After the upward movement at the beginning of the year, the price was declining for a month, from February to March. The next bullish trend occurred in July but finished in less than a month. The main rise happened in November when the price hit a maximum of $0.79. 

Why is Ripple going up or down? If you think that something specific is hidden behind these price movements, it’s a mistake. The major Ripple trends are positively correlated with BTC movements, so even Bitcoin halving can affect the XRP price. The cryptocurrency repeats the trend of the primary market. 

Still, there were some certain events we should mention. Investors’ sentiments determine the price direction of any asset. Ripple supply/demand factor plays a huge role. In April 2020, the co-founder of Ripple Jed McCaleb sold 54 million Ripples. It’s not a surprise that the price moved down after the event became public. 

New agreements with leading banks are one of the main drivers of XRP’s price. For example, in August, India’s largest bank HDFC Bank Limited joined RippleNet, in November, the second American largest bank, the Bank of America, signed an agreement with Ripple. 

In December, such leading US exchanges as Coinbase and Binance claimed support for the upcoming airdrop of Spark tokens by Flare Networks. The Flare airdrop took place, and 45 billion Spark tokens were distributed among the XRP holders. The XRP price increased on the news; however, it was corrected shortly. 

Such events have short-term market effects that aren’t visible on high timeframes.

Well, we have come to the most significant event that is still affecting Ripple. The SEC, the US stock market watchdog, is challenging blockchain company Ripple Inc. in court, along with its two top figures, CEO Brad Garlinghouse and founder Christian Larsen. The regulations in the US are tough. The Securities and Exchange Commission’s accusation is that unregistered securities worth $1.3 billion were sold in 2013. It is an old case hanging over Ripple for as long as we can remember. Ripple has always maintained that the digital currency is a currency instead of a security. Because otherwise, they’d have to comply with a lot of different rules according to American law. Many are amazed that the US apparently wants to slaughter the goose that lays the golden eggs.

In two days, from December 22 to 23, 2020, the XRP rate dropped from approximately $0.50 to just under $0.30. From third place as the most important cryptocurrency, the coin moved to fourth place, behind stablecoin Tether. 

It’s time to find out what is expected of Ripple in 2021 and beyond. 

XRP Price Prediction for 2021 by Crypto Experts

The SEC case hasn’t been solved yet. It has a dramatic effect on the XRP price. Before December 2020, Ripple was considered the third digital currency by market cap (CoinMarketCap); now, it’s in sixth place. Is Ripple expected to rise? Look at experts’ predictions.

#1 TradingBeasts.com 

TradingBeasts.com expects the XRP price to be at $0.6585 in March. The price won’t change significantly at the end of the year, but even a small estimated growth is a good sign for traders. In December 2021, the price will be at $0.6874. 

#2 Wallet Investor

Wallet Investor sees Ripple suffering during the year. From March till the end of December, the price won’t rise above $0.50. The downtrend will start from $0.5088 on March 1, 2021, and will end in late December, when the price will surge above $0.5020 on December 20. 

#3 Crypto Ground

The Ripple forecast of Crypto Ground can be called the most bearish. According to the website, the XRP will hardly rise above $0.30 within the year. By 2022, the price will reach only $0.3488. 

#4 Ripple Coin News 

Ripple Coin News: “It is reasonable that XRP will achieve the $1.00 level by the end of this year.”

#5 Longforecast.com

Below, you can check the Ripple coin price prediction by Longforecast.com. The source offers one of the rosiest predictions for the XRP/USD pair. In March, the price will close at $0.82. Although XRP will cost only 84 cents in December, during the year, Ripple will rise above $1. 

Month

Open

Low-High

Close

Mo,%

Total,%

2021

Feb

0.47

0.35-0.76

0.71

51.1%

51.1%

Mar

0.71

0.60-1.08

0.82

15.5%

74.5%

Apr

0.82

0.82-1.02

0.95

15.9%

102%

May

0.95

0.74-0.95

0.80

-15.8%

70.2%

Jun

0.80

0.80-1.00

0.93

16.3%

97.9%

Jul

0.93

0.86-1.00

0.93

0.0%

97.9%

Aug

0.93

0.73-0.93

0.79

-15.1%

68.1%

Sep

0.79

0.79-0.94

0.88

11.4%

87.2%

Oct

0.88

0.88-1.09

1.02

15.9%

117%

Nov

1.02

0.82-1.02

0.88

-13.7%

87.2%

Dec

0.88

0.78-0.90

0.84

-4.5%

78.7%

Ripple Technical Analysis

Will Ripple Go Up? How High Can Ripple Go? Look at  XRP Technical Analysis. 

We shall start the XRPUSD technical analysis by exploring the monthly Ripple price chart outlook. First, we will identify the global trend and the key levels.

 

As you see from the XRP/USD history chart, the price has been regularly updating local highs and lows since March 2020 (see the candlesticks above the blue trendline). Despite the powerful impulses and sell-offs, there is a general global bullish trend.

Another important marker is surges of trade volumes marked with blue dots in the prediction chart.

An increase in trader activity in December 2021 resulted in a failed try to break out at level $0.17. The red candlestick’s low determinesthe strong support level at 0.17, marked with the red line in the chart. Note that, starting from the second half of 2019, the XRP/USD quotes have often approached this line, but it has never consolidated below. This fact suggests the presence of a powerful buyer in the market, actively buying out all the orders at this level to push the price up to the Ripple price target above. 

The next, even more significant, trade volume peak points out a powerful resistance level reached by the January candlestick high (green line). In September 2018, the price movement already stopped at level 0.75 USD. This level should attract large sellers, creating selling pressure.

XRP Price Prediction for the Next Three Months

Let’s go to the technical analysis in the weekly Ripple chart.

Note that most of the time, the XRP quotes have been moving within a narrow Bollinger band. So, the price should be swinging in the range of 0.18 USD – 0.50 USD.

Having explored the XRPUSD exchange rate historical data, I noticed similar fractals, which could be conventionally divided into three phases.

  • Red circle – consolidation with strong upward momentum.

  • Blue circle – a sharp correction, following the impulse, going down to the level where the Ripple growth started or lower.

  • Green circle – widening consolidation range with false breakouts of local highs and lows.

As you see from the chart above, this fractal in the bullish trend features the upward price movement in a broad trading channel. However, I can state for sure that theprice finished the stage of the blue circle. Therefore, the market should be trading sideways in the range of 0.23 USD and 0.70 USD over the next three months.

XRP Forecast for 2021

Having carried out the fractals’ technical analysis in the Ripple market, I offer the XRP/USD price projection for 2021.

Taking into account the width of the trading channel and the range of Bollinger bands, I suggest the XRPUSD future price movement for 2021. I determined the range of the likely market movement by projecting the monthly candlestick, highlighted with an orange box in the chart.

In the main, the trading scenario suggests a consolidation in the broad range between levels 0.29 USD and 0.74 USD until late spring. The rate is likely to retest the upper and the lower channel borders this year. When you consider the wave sequence, there should be, first, a peak in the zone of 0.75 USD – 0.85 USD. Next, the XRPUSD traders should try to test the support level in the price range of 0.17 USD – 0.18 USD.

The detailed XRP price forecast for each month is in the table below:

Month

XRPUSD rate

High

Low

February 2021

0.36

0.74

March 2021

0.34

0.66

April 2021

0.32

0.65

May 2021

0.29

0.52

June 2021

0.32

0,60

July 2021

0.40

0.69

August 2021

0.48

0.82

September

2021

0.57

0.85

October 2021

0.42

0.78

November

 2021

0.33

0.68

December

 2021

0.17

0.50

The XRPUSD price technical analysis is presented by Mikhail Hypov.

Weekly Elliott wave Ripple analysis as of 26.04.2021

The XRPUSD market should be forming a large regular zigzag A-B-C. There have completed the first two sub-waves of the zigzag, impulse A and the downward correction B, which is a triple zigzag. There is now developing the initial part of the bullish impulse C. At the time of writing, there have finished two small sub-waves [1] and [2]. Let us study the most recent chart section in more detail in the eight-hour timeframe.

It is clear that the impulse wave [1] started developing in January 2021. Wave [1] is composed of five sub-waves (1)-(2)-(3)-(4)-(5), where corrective wave (4) is a contracting triangle. The bearish corrective wave [2] also looks complete, being a zigzag (A)-(B)-(C). The price should be rising in the new impulse wave above the high made by wave [1], that is, above level 1.961. One could enter purchases in the current situation.

Weekly XRPUSD trading plan:

Buy 1.149, TP 1.961

XRPUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.

XRP Price Prediction for 2022 by Crypto Experts

At the end of 2020, crypto experts divided into two groups: those who believed in Ripple’s recovery and those who wished RIP to Ripple. Let’s see what leading crypto sources say about the Ripple future value. 

#1 TradingBeasts.com 

TradingBeasts.com predicts XRP to fluctuate near $0.70 throughout 2022. At the beginning of the year, the average projected value will be at $0.6923; in December 2022, it will move up to $0.7630. Not bad, considering the current situation. 

#2 Wallet Investor

Wallet Investor has a similar view for the Ripple price forecast in January 2022. The average open price, as of January 1, 2022, is $0.685. However, the overall trend will be bearish. Ripple will end the year at $0.612.

#3 Crypto Ground

Crypto Ground disagrees with such a pessimistic forecast. The source sees the bullish trend in 2022. The price will be able to hit $1 and come to 2023 at $1.0147. 

#4 Changelly

Changelly platform: “As soon as XRP reaches $1, the correction phase may enter. The most likely zone for XRP price in 2022 is from $0.5 to $1. However, if the company gains support from the investment giants, the XRP rate can change its direction to a new bull run.”

#5 Longforecast.com

Longforecast.com has a bearish forecast for Ripple in 2022. The price will decline from $0.97 to $0.59 during the year. 

Month

Open

Low-High

Close

Mo,%

Total,%

2022

Jan

0.84

0.84-1.04

0.97

15.5%

106%

Feb

0.97

0.75-0.97

0.81

-16.5%

72.3%

Mar

0.81

0.72-0.82

0.77

-4.9%

63.8%

Apr

0.77

0.77-0.95

0.89

15.6%

89.4%

May

0.89

0.71-0.89

0.76

-14.6%

61.7%

Jun

0.76

0.60-0.76

0.64

-15.8%

36.2%

Jul

0.64

0.64-0.78

0.73

14.1%

55.3%

Aug

0.73

0.68-0.78

0.73

0.0%

55.3%

Sep

0.73

0.57-0.73

0.61

-16.4%

29.8%

Oct

0.61

0.47-0.61

0.51

-16.4%

8.5%

Nov

0.51

0.51-0.63

0.59

15.7%

25.5%

Dec

0.59

0.55-0.63

0.59

0.0%

25.5%

Ripple Price Prediction for 2023 by Crypto Experts

Moving further, we see that although the price of XRP won’t hit exclusive highs, the cryptocurrency won’t disappear. What awaits the XRP coin price in 2023? How much will it cost?

#1 TradingBeasts.com 

TradingBeasts.com forecasts the downtrend in 2023 for the XRP price. In January, XRP/USD will stay at $0.7710. Still, in December, the XRP will move to $0.6844. 

#2 Wallet Investor

The Wallet Investor website predicts the worse figures. Until mid-January 2023, the average price will be slightly above $0.60. Until mid-December, the price will move down, reaching lows below $0.30. A slight recovery at the end of the year near $0.50 is possible. 

#3 Crypto Ground

Crypto Ground is still the most optimistic about the XRP price. The cryptocurrency is anticipated to stay above $1, reaching $1.3463 by 2024. 

#4 Changelly

Changelly platform: “XRP price has a strong correlation with the whole cryptocurrency market. It means that if Bitcoin or altcoins will grow, then Ripple is likely to reach the previous all-time high point of $3.84. This is a very optimistic scenario. If the SEC wins the lawsuit, the XRP price can fall down to a couple of cents.”

#5 Longforecast.com

Longforecast.com is bearish about Ripple in 2023. The overall downward trend will lead the coin below 30 cents at the end of the year. 

Month

Open

Low-High

Close

Mo,%

Total,%

2023 

Jan

0.59

0.54-0.62

0.58

-1.7%

23.4%

Feb

0.58

0.55-0.63

0.59

1.7%

25.5%

Mar

0.59

0.47-0.59

0.51

-13.6%

8.5%

Apr

0.51

0.47-0.54

0.50

-2.0%

6.4%

May

0.50

0.39-0.50

0.42

-16.0%

-10.6%

Jun

0.42

0.33-0.42

0.35

-16.7%

-25.5%

Jul

0.35

0.35-0.44

0.41

17.1%

-12.8%

Aug

0.41

0.32-0.41

0.34

-17.1%

-27.7%

Sep

0.34

0.30-0.34

0.32

-5.9%

-31.9%

Oct

0.32

0.25-0.32

0.27

-15.6%

-42.6%

Nov

0.27

0.21-0.27

0.23

-14.8%

-51.1%

Dec

0.23

0.23-0.29

0.27

17.4%

-42.6%

Long Term XRP projections: 2025-2030 

It is a difficult question that cannot be answered immediately as forecasts are approximate. You never know what will happen to the price tomorrow. Is it possible to predict what will be in 5-10 years? It is, therefore, best to be aware of the latest Ripple news. Then you know what the project and the community are doing. To have a good understanding of the blockchain projects, check which developments are planned, which collaborations they are working on or already exist, how they are working with the community, and other factors. 

Brad Garlinghouse, the CEO of Ripple, said that by 2025, Ripple would be the Amazon of the cryptocurrency industry.

#1 Crypto Ground

Crypto Ground believes the cryptocurrency will climb to $2 in 2025-2026. The primary trend is bullish. 

#2 Wallet Investor

The Wallet Investor website doesn’t see anything positive for XRP in 2025. The price will be below $0.20 during the year. However, there is a chance it will surge to $0.40 at the end of December 2025. As for the beginning of 2026, the price will fluctuate near $0.20. 

#3 Longforecast.com

Longforecast.com doesn’t provide such a long-term forecast. There is only an outlook for three months of 2025 – the price will stay below $0.30. 

#4 Smartereum

Smartereum provides one of the least realistic XRP projections. It predicts Ripple will be able to skyrocket to $200 – $300 by 2030. Yes, it seems crazy, but the future is unpredictable. 

How Has The Price Of Ripple Changed Over Time?

It’s wrong to check XRP price predictions without looking back at recent and not-so-recent events. The SEC situation made that even more precise. The Ripple price today is $1.37778. Looking at the full price chart below, you can see how the price of XRP changed over the years and where it stood on the day of writing, February 16, 2021, after the turbulence it went through with the SEC.

Is Ripple a Good Investment?

Should I invest in Ripple? Ripple: buy or sell? Maybe these questions are still in your head. Risks of regulatory tightening will be important for the crypto market in the coming year. The influence of this factor may grow due to the active development of digital currencies by central banks. Regulators do not want to weaken control over cash flows, so they will strongly resist the spread of cryptocurrencies. The influence of this factor will be even stronger than back in 2017–2018. The expected development of DeFi is another risk for Ripple.

Oddly enough, the coronavirus pandemic can support the virtual market. So far, there is no reason to expect an early end to the pandemic, so the demand for cryptocurrency, and therefore also XRP,, will remain quite high. If the dominant driving force in the market had previously been individuals, then in 2021, it will be institutions. Therefore, next year we will most likely see a smooth rise in the XRP coin. Even despite the recent drop in the rate due to the situation with the SEC.

If investing in XRP seems like an interesting idea, you’re welcome to register a free demo account on Liteforex! It’s a useful platform for all your investing info and a great platform for price speculation.

Year

Average Price, $

Change, %

2021

0.6172

+18

2022

0.7832

+51

2023

1.0740

+100

2025-2030

0.83

+60

XRP Price Prediction FAQ

Price chart of XRPUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

Rate this article:

{{value}} ( {{count}} {{title}} )


Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button