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 2020 And The History of XRP
Ripple has had a strong 2020, striking many partnerships with banks from around the globe. The Ripple coin is also being tested at a number of banks as a replacement for SWIFT money transfers, and even direct Ripple competitors see the long-term value in XRP and are testing it out at Western Union and MoneyGram.
What might have the largest impact on the price of the asset, is the parent company halting further sales of the asset to fund operations. When this happens, the demand far outweighs any supply of the coin and causes a rapid price increase.
XRP news has also helped strengthen the value of the crypto asset. Ripple has also made great strides in being accepted by global regulators, which will help its long term outlook and price projections in the future. It was recently listed alongside Bitcoin and Ethereum by the Financial Conduct Authority as a token that provides utility or a means of making a payment.
Ripple is US-based and is also in good graces with chief US regulatory bodies such as the SEC. Ripple is listed at all major US exchanges where regulation is especially strict. The nods of approval by regulators give Ripple additional price potential and ensure Ripple will rise in the future.
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 claimes 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, with just under 43,000,000,000 circulating supply. The market cap is currently over $11 million, and that’s with XRP currently priced at $0.25.
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.
Ripple Price Technical Analysis and Price Potential
Having support from regulators, industry experts, and more ensures that Ripple and XRP will see strong price performance. But as for how high XRP can go, technical analysis can help understand when certain price points may be reached. Here’s what to expect based on some of the brightest analysts of the cryptocurrency industry.
Ripple Price Prediction 2020
XRP is trading with a massive falling wedge formation is has potentially broken out from. The asset could still see retests of lows as it confirms resistance as support, but it is likely a low has been put in for Ripple. Downside targets are at most 15 cents per XRP, to as high as $0.75 in 2020.
There is also a massive bullish divergence on the MACD on XRPUSD, further backing up the idea of breakout and new bull trend.
Ripple Price Prediction 2021 – 2022
If a fractal from the last massive, similarly sized and timeframe falling wedge confirms, XRP could see an explosive move once the breakout is backed up with volume and investors realize the train is taking off without them. FOMO will likely help push XRP back to former highs and beyond. The pent up momentum from the downtrend could result in as high as $25 XRP before 2023.
Ripple Price Forecast 2023 – 2025
Ripple was designed to replace much of the world’s assets that get moved through the banking system through Swift. The blockchain supports other assets as well as the native XRP token, making it possible for trillions of assets to eventually be stored in XRP. If this happens, prices predicted by a long-term pitchfork channel could help XRP pump to over $100 to $200 per token, in a massive double-top formation ending in 2025.
Based on Fibonacci extensions alone, additional short-, medium-, and long-term price targets can be found. Using math alone, Fib ratios point to prices of $14, $12, $9.50 $5.75, and $4.60 for possible new price records.
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, and if taking a position in Ripple is right for them.
Ripple has the potential to disrupt many industries, has the support of regulators, 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.
In the short-term, analysts and experts are expecting prices ranging from $0.80, to as much as $14 dollars. In the medium term, analysts easily see prices reaching between $26 to $100. 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.
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Traders can take advantage of the tools provided by platforms such as PrimeXBT, and open long or short positions with up to 100x leverage on either the XRP/USD pair, or the XRP/BTC pair.
PrimeXBT offers Ripple 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 an economic recession around the corner due to an ongoing trade war between China and the US, and due to global debt rising to extremes, fiat currencies are 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.
Ripple is among the best cryptocurrencies in the market, ranked third by market cap only behind Bitcoin and Ethereum. The crypto asset has maintained the top position for a number of years, and is expected to remain one of the most valuable digital assets in the market, and could one day become the main technology used by banks for cross-border payments, and make other platforms like Western Union and MoneyGram obsolete.
The fact that XRP is accepted by global financial market regulators, gives Ripple additional value for investors and traders who can remain comfortable their asset of choice doesn’t come with unnecessary risks.
Still, crypto assets can be highly volatile and some risk is associated with them. Never invest more than you can afford to lose, and be sure to use a trading platform like PrimeXBT that allows for hedge positions, portfolio diversification, and proper risk management through advanced order types such as stop losses and take profit orders.
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