XRP was designed to become a means of quick global value transfers, but became a subject of a legal battle for several years. In this article, we will have a look at what might happen to Ripple’s XRP in the future and share the top XRP price prediction for 2022 and beyond.
All XRP Price Predictions
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- In 2022, analysts expect XRP to continue its rally and break out of a downtrend. The bullish impulse can take it above the current ATH of $3.48 but if it fails, the support of $0.7 is a level to keep an eye on;
- The probability of a new bull run in the next three years is low according to the forecasts but by 2025 XRP can eventually grow up to $15;
- At the end of the decade, in 2030 XRP is predicted to trade for somewhere between $7 and $12.
What is XRP?
XRP is the name and ticker of cryptocurrency that was released in 2012 by Ripple, a San-Francisco based fintech company. While the company uses the currency in its products for corporate and financial institutions, XRP and its ledger are open-source and decentralized.
XRP is a bridge between banks or money transfer providers for instantaneous and virtually costless money transfers, replacing prepaid accounts in a foreign currency. The transactions on the ledger are confirmed within seconds, in comparison to an average remittance taking 3 to 5 business days.
XRP is deflationary, pre-mined and for the time being the XRP that are not in circulation are stored in an escrow account regulated by the smart-contract. The liquid supply is 41,602,126,647 while the outstanding supply is little short of 100 billion (99,989,673,274.51 XRP).
To learn about Ripple and XRP in more detail, check out our Beginner’s Guide to XRP on it!
XRP Price History
XRP Price in 2013–2016
At the end of 2013, one of the first price spikes for XRP during this period occurred. It lasted from late November to December, reaching $0.028 but correcting itself over several months. This movement took XRP’s price up by almost 400%. Almost exactly a year later, the same pattern repeated itself, taking XRP price up from $0.005 in November 2014 to $0.027056 at its peak a month later.
During other times, the XRP price moved between $0.005 and $0.009, two significant levels for almost two years. The support was breached only for a brief time in December 2015 and January 2016. This period closed at $0.006449 per XRP.
XRP Price in 2017–2019
XRPs price once again had a spike in value in late 2017 and early 2018. This time, however, it also corresponded to a massive increase in the cryptocurrency market.
The spike was actually a culmination of a rally that started in mid-2017. On December 10, 2017, right before the price spike, XRP was at $0.239 and just a few weeks later, XRP hit $3.48 on January 4, 2018, which is the current ATH.
From there, though, XRP dropped with a few peaks and valleys along the way, briefly going back up to $0.837 on April 21. The asset was back at $0.358056 on the closing day of 2018, worth ten times less than at the beginning of the year.
2019 was not as turbulent but for the investors XRP did not show promising results. The year closed with an almost 50% loss, going down from $0.353771 to $0.194349.
XRP Price in 2020-2022
In the bull market of February 2020, XRP managed to climb to $0.349789, but the fall in March was as drastic. On March 12, XRP price dropped to $0.115093, 60% down from the year’s high.
A brief bullish market in August 2020 almost closed this gap but it was not until November that XRP’s price really took off. It could have reached higher than $0.6921 if the US Securities and Exchange Commission did not subpoena Ripple.
Nevertheless, each new development in the case brought back the confidence and XRP rallied with the crypto market in 2021. At the peak of it, in April 2021 XRP was worth $1.8392.
From there, it formed a clear downtrend, and 2021’s closing price for XRP was $0.8396. 2022 so far was continuing this downtrend, until very recently.
At the moment of writing, XRP ranks 8th by market capitalization in the CoinMarketCap rating. The price of 1 XRP is $0.8552.
What Influences the XRP Price?
For a project like XRP, which was developed with a clear use case and for a certain group of users, adoption is key to its relevance.
Active users of the On-Demand Liquidity (ODL) solution include Bitstamp and Bitso, which use it for cross-border transfers. These exchanges recently amped up their liquidity represented in XRP by 20 million each.
In a Q4 2021 report, Ripple revealed the growth of ODL-related purchases from $491 million in Q3 2021 to $1.039 billion in Q4 2021.
Closely tied to the previous factor, network updates often become a catalyst for more short-term XRP price swings. In January, RippleX team launched a XLS-20 devnet for native non-fungible tokens on XRP Ledger.
The updates and features that involve XRP can happen on adjacent networks, too. Cross-chain bridge Allbridge integrated XRPL, making it interoperable with Ethereum, Avalanche, Solana, Terra, Polygon, Fantom, Binance Smart Chain, Celo, Aurora, Harmony and Heco.
Ripple’s XRP is in the middle of an ongoing legal battle with the US Securities and Exchange Commission for its status. If XRP is ruled out as a security, then Ripple has been providing unauthorized financial services.
According to the defendants, the prosecution does not have a strong enough base for the claim. Other cryptocurrencies, such as Bitcoin and Ethereum, are not deemed securities, and it will be impossible to prove whether there was a secondary market in the US.
The aforementioned subpoena didn’t merely cause a dump in XRP price in late 2021. It cost Ripple some of their key partnerships with ODL users as well.
In 2019, Ripple and money transfer service provider Moneygram entered a two-year partnership in which the latter would use Ripple’s solutions for cross-border transactions. In late 2021, however, this partnership was ended, coinciding with the SEC lawsuit.
#XRP on Twitter
— Watcher.Guru (@WatcherGuru) February 8, 2022
Real-time news feed Watcher.Guru reports on a rally happening in XRP at the moment. The fuel to the fire seems to be the progress in the Ripple vs. SEC case.
— CryptoDude (@cryptodude999) February 8, 2022
To give you an idea how fast XRP is blowing up, here is a chart shared by CryptoDude.
That is the strongest daily candle we have seen on XRP/BTC in 6 months. We have broken our falling wedge downtrend line and a key cluster of resistance. May have avoided the breakdown I was concerned about. Will get more confirmation in the coming days if this move is legit. $XRP pic.twitter.com/wW4GdizlZ1
— Credible Crypto (@CredibleCrypto) February 8, 2022
Credible Crypto provides more analysis of the price movement. The XRP position seems to be solidifying and breaking out of a downtrend.
XRP Price Prediction for 2022
YouTuber Dereck Plaza gave an exhaustive analysis of the XRP charts to see what’s next. He considers the combination of a +20% in a day move and increased but not significant volume to be bullish.
Nevertheless, XRP’s relative strength index is in an oversold area across all time frames, so it needs to cool down first. The support levels to keep an eye on are in sequence $0.80, $0.78, $0.75 and $0.70.
What is the bullish scenario then? In his opinion, the $0.58 bottom is in, and there is a double bottom pattern forming. If it plays out, some time in February to April XRP can beat its current ATH of $3.84.
The same prospects are painted in the XRP price prediction for 2022 by CryptoNewsZ. They are citing more fundamental reasons, such as institutional interest in XRP, evidenced by the Grayscale trust.
Kelvin Maina provided InvestingCube with his analysis, accounting for both upside and downside moves. He anticipated the breakout to $0.87, and from there the price can go up to the resistance of $1.10 or the support near $0.70.
Ripple XRP Price Prediction for 2023
Prediction service by the TradingBeasts website forecasts some volatility for XRP in 2023. In mid-year, it will be trading lower with the predicted minimum of $0.8360 but grow until the end of the year up to $1.3913.
Ripple Price Prediction for 2024
Even less bullish prospects are seen in the prediction by Long Forecast. January 2024 will start on a high note and even see XRP for $1.04 a piece, but by October its price will go down to $0.47.
XRP Price Prediction for 2025
Prediction service Crypto-Rating claims that by 2025, Ripple’s solutions using XRP will secure a $1 trillion+ market cap for the coin. With the outstanding supply of 100 billion, that means $10+ per XRP, and their projections put the target closer to $15.
And now for something more positive and as likely. Ripple’s expansion into foreign markets, for example, Latin America or Europe, will boost adoption and price increase. With that in mind and taking into account the analysis of Crypterium, the level of $4.5 per XRP is forecast to be reached in five years.
A third source is equally bullish on XRP but moderate in targets. The Up to Brain analysis has confidence in adoption of XRP but does not see it beating the current ATH.
XRP Price Prediction for 2030
With the available data, it is still not reliable to project for the end of the decade, which is roughly the same as the lifetime of the entire crypto market.
Some suggestions for how much XRP will be worth point at $17 or even $20.
ChangeHero’s XRP Price Prediction
XRP is a project with a reputation largely reliant on Ripple, a proven disruptor but laden with controversy at the same time. Should Ripple’s efforts to promote XRP’s adoption result in a success, the currency has all the chance to become the first globally acknowledged supplement to cash.
How to get XRP on ChangeHero?
If you already have crypto, you can use it to buy XRP on ChangeHero, it’s very easy:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your XRP wallet address and memo in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive.
The Fixed Rate will use the rate at the time of step 1;
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- As soon as the exchange has been processed, your XRP are on the way to your wallet.
ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: [email protected].
The near-term future of XRP hinges on the SEC vs. Ripple case. Should they defend their ground, XRP is on track to finding real world adoption.
What do you think about these predictions? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.
Frequently Asked Questions
[sc_fs_multi_faq headline-0=”h4″ question-0=”What is XRP?” answer-0=”XRP is a cryptocurrency developed by Ripple and independent contributors. XRP uses a token of the same name for transactions in the network.” image-0=”” headline-1=”h4″ question-1=”What will XRP be worth in 2022?” answer-1=”According to different analysts, in 2022 the XRP price can beat its current ATH of $3.48 or see a correction to $0.7.” image-1=”” headline-2=”h4″ question-2=”What will XRP be worth by 2025?” answer-2=”Depending on the source, XRP is expected to be in the range between $3 and $15 in 2025.” image-2=”” headline-3=”h4″ question-3=”What will XRP be worth in 2030?” answer-3=”By 2030, XRP is estimated to be worth up between $7 and $12.” image-3=”” headline-4=”h4″ question-4=”Is XRP a good investment?” answer-4=”Most of the experts have high confidence in XRP but following XRP news might be a good idea.” image-4=”” count=”5″ html=”true” css_class=””]
This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.