A helpful guide for investors and traders to discover Ripple price predictions for both the short and long-term.
Cryptocurrencies are an emerging technology designed to disrupt the future of a number of markets. The cryptocurrency known as Ripple, officially called XRP, is one of the crypto assets that is aiming to shake up an entire industry – namely, the cross-border payments industry.
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 recently 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 RippleAnd The XRP Token?
XRP is the native cryptocurrency of the Ripple protocol. 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 2021 And The History of XRP
Ripple had a strong breakout in 2020, but ran into a brick wall in the form of negative XRP news in the form of a lawsuit from the SEC. The chief US regulator claims that XRP tokens are unregistered securities, and Ripple the parent company has broken laws by offering unregistered securities to investors in the United States.
The asset has been delisted from most cryptocurrency exchanges which could cause the asset to struggle in the long term. Still, the technicals on the asset’s chart still remain relatively bullish despite the regulatory challenges. However, Ripple won a request from a court judge to force the SEC to release documents related to how the entity arrived at deeming Bitcoin and Ethereum not securities. The price of the coin immediately pumped to $1 and could keep climbing.
Ripple Experts Weigh in On XRP Long Term Value
Ripple has garnered the support of some of the biggest names in the investment sector, showing that many believe in a strong Ripple forecast. Investors can rest assured that their capital is positioned in an asset that has garnered the support from such powerful and prominent individuals.
Will Meade, Former Goldman Sachs Alum and Billionaire Hedge Fund Manager
Will Meade, Former PM at Goldman Sachs and Johns Hopkins University alumni claims while he doesn’t know all that much about crypto, he expects both Bitcoin and XRP to go up. Meade made his first crypto purchase of XRP, and is calling for a 1500% increase in the asset due to Bitcoin’s new uptrend and a “rising tide” lifting all boats. A 1500% increase would take XRP back to $3 in the near term.
Sean Matthew, Financial Services Advisor
Financial Services Advisor Sean Matthew calls for $10 XRP in a detailed YouTube technical analysis demonstration. The YouTube video creator sees a bullish breakout in the asset and a repeat of the major surge from 2017 and 2018.
Michael Arrington, Founder of Michael Arrington XRP, TechCrunch
TechCrunch founder Michael Arrington says that “Ripple is a really, really good way to move money,” and plans on altering his “career path to focus entirely on cryptocurrencies and related technologies.” The legendary tech investor also opened a $100 million hedge fund denominated in XRP, showing that even the most successful tech investors of our time understand the projected value that XRP can someday reach.
Ashton Kutcher, Actor, Sound Ventures
Other famous backers include Ashton Kutcher, who is invested in Ripple through his venture capital firm Sound Ventures. Kutcher and his partner Guy Oseary were featured on the Ellen Degeneres Show where they talked about the long-term value of Ripple. Kutcher explained that “Ripple is basically a platform to allow people to transfer money from bank account to bank account, person to person, really securely, really simply, really quickly.” Kutcher’s comments were viewed by millions on television, giving Ripple and XRP widespread exposure.
Past XRP and Ripple Price Predictions That Got It Right
Although markets and price action is always unpredictable, some analysts do eventually get it right. It provides plenty of hope that some of the new, higher projects may eventually come true like the following have.
Profit Confidential Analysts, Financial Research Firm
Profit Confidential predicted in mid-2017 when Ripple was trading at less than a quarter on the dollar, that the asset would someday be worth full greenback. Later that year, Ripple did even better and reached $2. At the turn of the new year into the early days of January, it peaked at over $3.50 a coin.
Alex Saunders, CEO and Founder of NuggetNewsAU
CEO and Founder of NuggetNewsAU Alex Saunders called for XRP to reach 30 cents in 2019. The asset rebounded as high as 50 cents per token before falling back down to 10 cents.
Ripple Historical Price Data
By reviewing historical XRP market price data, an understanding of the absolute minimum price can be gained, and by looking at circulating supply it can also give investors a sense of what the maximum Ripple price could be someday and make a long-term XRP price prediction.
The digital asset is capped at 100,000,000,000 XRP.
At its all-time high, Ripple reached over three dollars, at the height of the 2017 crypto bubble. Ripple was also the most profitable asset of that year, bringing investors over 1,000% gains in a short timeframe.
It can be found on a variety of crypto exchanges traded against BTC and USD pairs. It is currently priced at around $1 per token.
Ripple Price Technical Analysis and Price Potential
Technical analysis can help understand when certain XRP price points may be reached. Here’s what to expect based on some of the brightest analysts of the cryptocurrency industry.
Ripple Price Prediction 2021
Ripple was cleared for takeoff, and began to soar after a solid breakout from a downtrend line that acted as resistance for three years in a row. In no time at all, XRP spiked to as high as 90 cents per token, but the United States SEC issued a lawsuit against the token’s parent company, claiming that the asset is an unregistered security and therefore illegal for US platform s to offer trading of the asset.
XRP tanked, but already it has set a new high of more than $1 above the initial SEC-related selloff. With a new higher high set, XRP could rise to as high as $4 in the near term.
Ripple Price Prediction 2022 – 2023
If XRP can break out and maintain the momentum this time around, or even win the SEC case or have it dropped or settle, it could be off to the races for Ripple. Cryptocurrencies are cyclical and often each cycle is a repeating pattern called a fractal.
If the fractal pattern continues, Ripple could rise to as high as $160 per token in the short-term. But within 2022 to 2023 could act as a peak to this latest bull market, meaning that a bear cycle could begin after.
Ripple Price Forecast 2024 – 2025
It might seem as though Ripple hasn’t even had another bull market yet, to already be talking about the next bear market. However, when looking even two and three years away, and understanding that a top could come sooner than later of the current cycle, then what comes next could be a downtrend.
If that’s the case, Ripple could fall to $8 a coin as the bottom of its next bear market.
Conclusion: Is Ripple a Good Investment and What is the Future of Ripple?
This guide provides those interested in investing in or trading Ripple with all of the facts and forecasts necessary to come to one’s own judgment on how high Ripple will go.
Ripple has the potential to disrupt many industries, and is backed by a team of experts at Ripple Labs and other investors who are working hard to push adoption of the digital asset. However, it now faces the challenges of being opposed by chief US regulators.
In the short-term, analysts and experts are expecting prices of as much as $4 dollars. In the medium term, analysts easily see prices reaching between $22 to $100 and more. Longer-term price projections put XRP price at highs over $100-200, but analysts show many alternative scenarios where a pullback occurs around this time after setting a new all-time high. Corrections of this type are considered healthy and provide traders with additional opportunities to open short positions after rallies have been exhausted, and open long positions when XRP reaches long-term historical support.
|Year||Potential High||Potential Low|
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?
The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. They require a good level of financial knowledge and experience. PrimeXBT recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued.