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 trading 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. At the beginning of 2021, Ripple was going through difficult times; however, upon reaching some highs in April and then in August, it gave hope to investors and provided traders with the opportunity to speculate on the ups and downs of the XRP price. Despite the SEC lawsuit, which began in 2020, the company has remained afloat and is planning to launch a marketplace for financial firms so that they offer their clients an option to buy and sell cryptocurrencies.
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.
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.
Ripple’s all-time high price reached 3.84 USD on 7 January 2018 (CoinMarketCap).
A Crash Course on Ripple 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.
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.
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?
Here we are. It’s time to find out what is expected of Ripple in 2021 and beyond.
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 on 21.02.2022 is $0.78100. Looking at the full price chart below, you can see how the price of XRP changed over the years.
XRP was stable from its launch in 2013 until early 2017, when the sideway movement ended. By the end of 2017, its price skyrocketed by 35,000%. This success occurred as Ripple managed to achieve a threshold of 100 banks worldwide that signed on to RippleNet.
On January 4th, 2018, the XRP/USD rate reached an all-time high. However, it couldn’t sustain those levels, and it subsequently dropped by 76% within one month. The plummet was caused by fears of new regulations on the Asian markets. This factor affected not only XRP but also other cryptos. In 2018, the total market cap for cryptocurrencies declined by around 43%.
The sharp downtrend that continued until February was also boosted by other factors. Facebook declared it would ban advertisements for cryptocurrencies and ICOs. US regulators summoned Bitfinex and Tether to a court. The further decline was spurred by the finance minister of India, who said the country would do everything it could to discontinue the use of virtual currencies.
However, the year did not only bring bad news for XRP. A significant surge took place in September 2018. Within several days at the end of September, Ripple grew by over 140%. The XRP/USD rate was pushed up after Ripple’s Head of Regulatory Relations for Asia-Pacific and the Middle East, Sagar Sarbhai, said the company would release a product to expedite bank transactions with the use of XRP.
2019 was quite stable for Ripple, with no dramatic ups and downs. As the Ripple network is very active in Southeast Asia, news on cross-border payments and state cryptocurrencies in this region significantly impacts its price. For instance, the XRP’s rate moved up after Japan and South Korea started working on time and cost reduction for transferring international funds between the two countries. By the end of 2019, the downtrend strengthened.
Unlike other crypto assets, which started an upward movement in late 2020, XRP’s price spiked by the middle of 2021 and later, after one more plunge, reached a good price in August.
What Happened to XRP in 2020 and 2021?
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.
XRP started 2021 at lows. Only on January 30th did the cryptocurrency break above $0.40. After the breakthrough, XRP was trading within a narrow $0.40-0.60 range from the end of January to April 4th. The strong uptrend started on April 5th and lasted until April 14th, when the price reached $1.80 (the high of January 2018). The surge was caused by two court rulings in favor of XRP.
Currently, Ripple is the seventh most popular cryptocurrency in the world, as stated by CoinMarketCap.
However, from April to June, the market saw a strong drop in the XRP rate – more than two times: from $1.83 to $0.51. This happened amid the ongoing litigation between the SEC and Ripple, but the reason was the overall negative dynamics of the crypto market, which collapsed from previously reached historical highs. In June, the SEC requested to extend the case consideration by two months, which the court granted. From June to the beginning of September, against the backdrop of a lull in the court, XRP’s rate increased from $0.51 to $1.39.
However, XRP couldn’t maintain its bullish trend and plunged on September 7. The significant plummet was caused by the fall of BTC. Experts couldn’t find the real reasons for Bitcoin’s decline on the same day it became legal tender in El Salvador. Such events usually push the price up, but not this time.
XRP wasn’t as successful in recovering as Bitcoin was. It took 2 weeks to restore the uptrend. Although the XRP/USD pair hasn’t reached the highs seen at the beginning of September, the uptrend is in force.
On November 9, Ripple announced the upcoming launch of a marketplace for financial firms. It will allow financial service companies to offer their clients an option to buy and sell cryptocurrencies. The start of the platform, which will be called Liquidity Hub, is scheduled for 2022. Firms’ customers will be able to use it to buy crypto assets from various sources. Although this news couldn’t cause XRP to appreciate, the actual launch may boost its price.
The limited reaction to the news was caused by the ongoing SEC case. The court ordered the company to properly search for and turn over video and audio recordings of its internal meetings.
Now the XRP rate depends on rumors, news, and the general market situation. If the crypto market continues to grow and Ripple wins the court case, it will see significant gains. But by investing in XRP, you are buying an increased risk of uncertainty. We would recommend refraining from buying until the situation with the court is cleared up.
Trading is another matter. XRP’s rate is sensitive to any news and rumors, and it shows significant movement (both growth and decline) after such. By trading, you can bet on the growth of XRP but also on its fall.
XRP Price Prediction for 2021 by Crypto Experts
The decision in the 2020 lawsuit against Ripple’s management will most likely be made no earlier than January 2022.
This case had a dramatic effect on the XRP price, now, the situation is not so obvious. At the end of 2020, the XRP price fell to a local minimum of $0.17 while the SEC case was gaining momentum. At the beginning of April 2021, the XRP value renewed its three-year high at $1.11 while the court allowed the company to review the internal documents of the SEC.
On May 4, Ripple plunged as the SEC threatened XRP holders with legal action. The Commission opposes investors joining the XRP securities recognition case. Nevertheless, the fall didn’t continue for long, as the company appointed a former US treasurer to its board. In August, the XRP value leveled up to $1.25. The Economy Forecast Agency supposes that the highest price Ripple will achieve in the next few months is $1.64, which is quite encouraging compared with Ripple’s low in July 2021.
How should investors behave in such uncertain circumstances? Is Ripple expected to rise or fall? Look at experts’ predictions.
TradingBeasts expects the average XRP price to stay near $1.58 throughout December. The website sees a strong upward movement at the end of the year, which is a good sign for traders. The maximum price will reach $1.98. The minimum price won’t fall below $1.30. The XRP outlook was reviewed by the website. Previously, the maximum value was expected to move above $1.45.
The average price of the XRP will stay above $1.30 in December. Although the website doesn’t predict a strong uptrend, the average price stays at good levels. The highest price will hit above $1.90 in December. The minimum rate won’t fall below $1. However, the difference between the low and high price signals increased volatility.
The Ripple forecast of Crypto Ground can’t be called promising. The source predicts a price decline until the end of the year. Still, on the last day of December, XRP’s rate will be $1.57.
This website projects an uptrend for the XRP/USD pair. According to Coin Price Forecast, the price may reach $1.68 by the end of the year. The forecast was reviewed. Just recently the platform expected XRP to be slightly above $1.
Below, you can check the Ripple coin price prediction by the Economy Forecast Agency. The source expects an uptrend. The price of the XRP/USD pair will suffer ups and downs. At the end of the year, the price will close at $1.53.
Month
Open
Low-High
Close
2021
Nov
1.11
1.07-1.64
1.38
Dec
1.38
1.25-1.64
1.53
Ripple Technical Analysis
As a technical analysis of big time frames allows us to see the market situation as a whole, we’ll start with XRPUSD monthly chart.
As shown in the picture above, the chart almost reproduced Ripple’s price history in 2018, and steep growth in April 2021 came before as fast a fall in May-June 2021. Based on XRP price history, we can presume that Ripple’s projected value may hold steady at 0.786 Fibonacci of April’s peak, which equals 0.50 USD.
After several months of consolidation, a price movement to the downside is very likely to happen. A projected fall may unfold down to the growth bottom at 0.20 US dollars.
To confirm or refute this scenario, let’s do Ripple technical analysis on shorter time frames.
Ripple price prediction for three months
Let’s take a look at XRPUSD weekly price chart.
In the first place, let’s compare Ripple‘s current small price movements with the 2018 scenario. As the chart above suggests, the current market situation is similar to what was in April 2018, when the Stochastic RSI almost reached zero after a reversal at the peak and a steep correction. Now the situation repeats itself. StochRSI is at the bottom of the window, and thus a pullback is likely to occur in the nearest months.
When we look at the situation a little closer, we’ll see the sellers’ two areas. The first one is at the peak, at around 2 USD. The other one is near 1 USD. Those levels are marked with green lines in the chart.
Projected pullbacks are unlikely to break out those levels. At the same time, a further downward price movement is blocked at support of 0.5 USD, the red line in the price chart above.
Examining the current price movement in the daily chart, we see bullish counter-volumes. Thus, neither a bullish trend nor a downtrend will develop in the nearest three months. The Ripple price is blocked in the range of 0.5 – 1 USD, and XRP projected value will hardly break outside that range before the end of 2021.
Ripple price forecast for 2021
Here’s a realistic Ripple forecast for the end of 2021.
The price is consolidating in the daily chart above. Ripple‘s expected trading range isn’t likely to break through the current limits of Bollinger Bands. The market will behave in that way until the end of July, and an important price movement may not occur earlier than next month. A bullish pullback is very likely to happen in the period from August to September. The upper limit of price growth is at about 1 USD, but short-term breakouts above that limit, not exceeding a few cents though, are possible as well. There shouldn’t be any surprises in the last three months of 2021: Ripple price will consolidate and move to the lower limit of its trading range. Ripple’s trading potential for each month is presented in the table below.
Long-term trading plan for Ripple
A trading plan based on the above scenario may look like the following:
Long positions should be given priority and can be opened on a retest of support at about 0.50 USD and on a breakout of the level of 0.75 USD after the end of local consolidation. In both cases, a stop-loss order shall be placed beyond 0.50 USD. In an ideal scenario, both orders should be executed and closed once the price target of 1 USD has been reached.
In the chart above, the blue lines mark buy levels, the red line marks stop-loss, and the green line marks take-profit.
Be aware of risks when opening such trades! Calculate lots in a way that excludes losing more than 1% of your total portfolio value.
Weekly Elliott wave Ripple analysis as of 21.02.2022
The crypto-pair XRPUSD is expected to form a simple ascending zigzag A-B-C in the long term, as shown in the chart. The market has followed a huge correction B for four years, which has been unfolding as a double zigzag [W]-[X]-[Y]. Its first two subwaves have fully formed, and the ultimate actionary wave [Y] is currently developing. It is expected to be shaped like a double zigzag of a smaller degree (W)-(X)-(Y). Let’s look at this double zigzag’s inner structure in the H8 chart.
Subwaves (W)-(X) of the descending double zigzag (W)-(X)-(Y) look fully formed, and the ultimate complex bearish wave (Y) is currently unfolding. The wave (Y) is supposed to form as a triple zigzag W-X-Y-XX-Z, where the final subwave Z is missing. As shown in the chart, wave Z might develop as a regular zigzag [A]-[B]-[C]. The first impulsive wave [A] is expected to end at the previous low of 0.581, marked by the corrective subwave [B].
XRPUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.
Ripple Price Prediction for 2022 by Crypto Experts
Things aren’t less challenging for Ripple now. The price will keep jumping until the SEC case is solved. Let’s see what leading crypto sources say about the Ripple value in 2022.
TradingBeasts provides a quite optimistic prediction for the XRP rate in 2022. Starting the year at $1.58, the average projected value will move to $1.62 by December. Although the price isn’t expected to skyrocket, a solid uptrend is always positive for investors.
As for Wallet Investor, the Ripple price forecast is also encouraging. The platform predicts the price will stay above $1.70 most of the year. By the end of the year, the price will cross $2. The maximum price won’t break above $2.50.
Crypto Ground also expects the XRP value to increase. The source sees a bullish trend in 2022. However, there will be significant declines. By June, the price will be near $1.28. By the end of 2022, the price will reach $1.85.
Changelly platform: “Ripple’s price has gained support from some of the investment biggies, and the number of partnerships and events with crypto companies shows that many believe in the currency. The recent XRP price predictions and its price movement might mark a tremendous improvement by the end of the year, unlike other major coins such as BTC and ETH, and cross its previous all-time high price of $3.84.”
The Economy Forecast Agency has a bullish forecast for Ripple in 2022. Still, the market will be highly volatile. The price will fluctuate within the range of $1.53-1.87.
Month
Open
Low-High
Close
2022
Jan
1.53
1.53-1.89
1.77
Feb
1.77
1.39-1.77
1.49
Mar
1.49
1.49-1.85
1.73
Apr
1.73
1.70-1.96
1.83
May
1.83
1.43-1.83
1.54
Jun
1.54
1.20-1.54
1.29
Jul
1.29
1.29-1.61
1.50
Aug
1.50
1.50-1.86
1.74
Sep
1.74
1.44-1.74
1.55
Oct
1.55
1.55-1.93
1.80
Nov
1.80
1.40-1.80
1.51
Dec
1.51
1.51-1.87
1.75
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?
TradingBeasts expects the XRP to decline during the year. The average exchange rate of the XRP/USD pair will fall from $1.62 to $1.58. The maximum price will be slightly above $2 until October. The minimum rate won’t fall below $1.34.
The Wallet Investor website gives a positive forecast about the XRP future. The average price will stay above $2 during the whole year. XRP/USD will start the year at $2.23. The price will reach $2.8 by the last day of 2023.
Crypto Ground is still optimistic about the XRP price. Despite a slight correction down at the beginning of the year, the cryptocurrency is anticipated to reach $2.37 by 2024.
The Coin Price Forecast platform expects Ripple to start 2023 at $2.30, soar to $2.82 within the first six months of the year, and finish 2023 at $3.33.
The Economy Forecast Agency is bearish about Ripple in 2023. The price will be set at $1.75 in January. The overall downward trend will lead the coin to $1.23 at the end of the year.
Month
Open
Low-High
Close
2023
Jan
1.75
1.62-1.86
1.74
Feb
1.74
1.38-1.74
1.48
Mar
1.48
1.48-1.77
1.65
Apr
1.65
1.65-2.04
1.91
May
1.91
1.53-1.91
1.65
Jun
1.65
1.47-1.69
1.58
Jul
1.58
1.58-1.96
1.83
Aug
1.83
1.43-1.83
1.54
Sep
1.54
1.37-1.57
1.47
Oct
1.47
1.47-1.83
1.71
Nov
1.71
1.36-1.71
1.46
Dec
1.46
1.14-1.46
1.23
It’s worth mentioning that most experts predict a price increase; however, before you decide on a long-term investment, you should once again pay attention to the forecasts, as they may change.
Long Term Ripple Prediction: 2025-2030
How much will Ripple be worth in 5-10 years? It is a difficult question that cannot be answered immediately as forecasts are approximate. You never know what will happen to the price tomorrow. 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.
Crypto Ground believes the cryptocurrency will climb above $3 in 2025 and 2026. The primary trend is bullish. In 2026, the price of XRP may stay at $3.20.
The Wallet Investor website is positive about XRP in 2025. The average price will stay above $3 during the year. There is a chance it will surge to $5 at the end of December 2025. The maximum price will break above the $4 threshold at the beginning of 2025. As for the first six months of 2026, the price will fluctuate near $4. An uptrend is expected in 2025-2026. Still, investors should be careful as market volatility will be high.
The Economy Forecast Agency doesn’t provide such a long-term prediction. There is only an outlook for 2025 – the price will stay in a range of $0.69-0.41. It’s the most pessimistic projection. The last time the XRP was at such low levels was in July 2021.
Coin Price Forecast projections look realistic. XRP is expected to rise from $4.02 at the beginning of 2025 to $4.76 at the end of 2030. The rise is limited. Of course, the price will move up and down over the 6 year period. Such long-term forecasts are very approximate as XRP is one of the most volatile crypto assets.
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 is 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.
The events from April to November 2021 confirmed that the XRP/USD pair still has major speculative characteristics due to the court case and the overall negative dynamics of the crypto market. However, the XRP/USD pair still produces volume and volatility. The XRP showed it can triple its capacity, then lose almost everything. It’s a good point for aggressive traders.
If investing in XRP seems like an interesting idea, you’re welcome to register a free demo account on LiteFinance! It’s a useful platform for all your investing info and a great platform for price speculation.
Most experts expect the XRP value to grow if the SEC lawsuit is settled and the company provides the first crypto IPO.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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.
