Can XRP reach $1000? XRP Price Prediction 2024-2030 (2024)

Article Coverage: XRP Performance, Latest XRP News, Is XRP a Good Investment? XRP Technical Analysis, XRP Price Prediction Today, Can XRP reach $1000? XRP Price Prediction 2023-2024-2025-2030, Factors that Influence XRP Price, FAQs

XRP Price Live

Total Number of Holders: 4.84 Million (+30k in 1 month), Top 100 Holders Share: 33.2%

Average Holding of Retail Investors [Excluding Top 100 Holders]: $4885

XRP Performance so far

Latest XRP News and Analysis

• Ripple has partnered with financial giant Mastercard, marking a significant collaboration. This alliance focuses on various innovative ventures, particularly exploring the expanding market for central bank digital currencies (CBDCs). Mastercard’s choice of Ripple as a partner aligns with its strategic move to leverage the surging interest in CBDCs worldwide. Additionally, the two entities are teaming up to introduce cryptocurrency debit cards.
• Major crypto powerhouses like Ripple, Coinbase, and a16z just dropped $78 million on a pro-crypto PAC for the 2024 US elections. This “war chest” aims to back candidates who support crypto innovation and clear regulations, hoping to shape the future of the industry through politics. Brace for more crypto influence in the upcoming election cycle.

Ripple President Monica Long’s vision for Crypto industry in 2024: In her 2024 vision for crypto, Ripple President Monica Long foresees a transformation in the industry, moving beyond speculative cycles towards practical utility:

• Breaking Speculative Cycles: Long anticipates the industry moving away from boom-and-bust cycles by focusing on real-world utility at scale, emphasizing compliance, usability, and integration with existing systems.
• Pioneering Compliance for DeFi: The significant breakthrough in 2024, according to Long, will be establishing compliance standards for decentralized finance (DeFi), a critical step towards legitimacy and trust.
• Prioritizing Compliance-First Approach: Long emphasizes the need for the industry to shift towards a compliance-first mindset to regain trust, advocating for decentralized compliance tooling as the next frontier in blockchain innovation.
• Integration with Traditional Finance: Long notes the increasing collaboration between traditional financial players and crypto-native companies, foreseeing a symbiotic relationship between blockchain and banks rather than a replacement.
• Enhanced Usability: While recognizing the benefits of crypto, Long stresses the importance of simplicity for users, envisioning a future where the technology works seamlessly without requiring extensive expertise or self-custody of assets.

In summary, Long envisions 2024 as the potential breakout year for institutional adoption of crypto for real-world utility, provided the industry prioritizes compliance and enhances usability.

XRP Price Prediction, Crowd Poll, Buy or Sell

Net Buy Rating = Buy% – Sell%

• July 1st:+41.6%
• July 13th – Ripple SEC Court Decision
• Aug 1st:+61.7%
• Nov 1st:+43.5%
• Dec 19th:+42.0%
• Dec 20th:+39.0%

XRP Technical Analysis

XRP has been marginally bullish for the last 24 hours. The buyers have been able to defend the $0.60 support and this has led to a surge in the XRP price. However, buyers are yet to propel the XRP price above $0.62.

On the 4-hour candlestick chart, XRP has surged above both its 50-day Moving Average ($0.609) and the 200-day MA ($0.610), signaling a positive outlook. This upward movement indicates reduced selling pressure, with buyers successfully defending the $0.60 support level. However, should this support falter, it might pave the way for a potential decline toward $0.55.

The Relative Strength Index (RSI) reflects a positive trend, presently at 51.15 and indicating an uptrend. This suggests buyer dominance, contributing to a more optimistic sentiment in the market.

Moreover, the market sentiment is leaning positively, indicated by an uptick in the Fear and Greed indicator bars and a momentum indicator showing positive movement.

Analyzing the Moving Average Convergence Divergence (MACD) chart, the MACD line positioned above the signal line and the emergence of increasing green histogram bars in the positive axis further supports the buy recommendation for XRP.

Overall the technical indicators including the SMA, the RSI and the MACD indicator suggest that the current outlook surrounding XRP is positive.

Latest Influencer Targets

• Javon Marks: $0.9 and $2.47
• EGRAG Crypto: $2.0 in 2024

XRP Price Prediction Next 24 Hours and Week

• XRP Price Prediction in the next 24 hours is between $0.617 and $0.626
• XRP Price Prediction this week is between $0.591 and $0.640

XRP Price Prediction 2025-2030, Aggregated

With XRP’s win, XRP’s price will likely exceed $1 this year. XRP Price Prediction 2025 is likely to rise 2.5 times higher from now. Major factors are an improved Macroeconomic environment, Increased usage of the Ripple blockchain, and More B2C Use Cases. Here are aggregated predictions for the next few years.

• XRP Price Prediction 2023 is $0.646
• XRP Price Prediction 2024 is $1.39
• XRP Price Prediction 2025 is $2.17
• XRP Price Prediction 2026 is $2.96
• XRP Price Prediction 2027 is $3.59
• XRP Price Prediction 2028 is $4.74
• XRP Price Prediction 2029 is $6.66
• XRP Price Prediction 2030 is $9.36

XRP Price Prediction $1000: Can XRP reach 1000?

Will XRP reach 1000? A Simulation

If XRP were to rise at an annual rate of 25%, XRP would reach $1000 by 2057.

XRP could reach 1000 by 2034 if it were to DOUBLE in price every year.

Both scenarios look unrealistic and far-fetched. Therefore, we don’t think it is feasible to predict if XRP can reach 1000. But we do believe that XRP can reach $10 or even $100

XRP will never reach $1000 unless there is an extensive burn program. XRP is unlikely to reach these levels because remittance is an extremely competitive and regulated market and while Ripple offers a competitive service, it is likely to be copied by LARGE competitors fairly quickly once regulations are clear. Further, Ripple could perform well without the XRP token performing equally well. Lastly, If the price of the XRP token keeps rising, remittances on Ripple will become too costly and unsustainable.

XRP Price Prediction After Lawsuit

The outcome of the ongoing Ripple vs. SEC lawsuit is expected to have a significant impact on the price of XRP. Recently a US court judge declared that XRP is not a security. Soon after the court ruling, XRP price skyrocketed and broke gaining over 100%. However, the US SEC has appealed against the ruling, and the hearing for it is set to begin in the middle of 2024.

If Ripple wins the case, XRP will gain multiple folds. This is evident because XRP’s price skyrocketed soon after the court ruled in favor of XRP.

Many analysts predict that XRP could reach around $3 to $5 by the end of 2024 if the US court once again rules in favor of XRP.

XRP Price Prediction Next Bull Run

During the last bull run, the price of XRP remained relatively stable, hovering mostly above $1 but below $2. This was primarily due to Ripple, the parent company, being embroiled in a lawsuit filed by the US SEC, which led to delistings on many major exchanges, including Coinbase.

However, the upcoming bull run may paint a different picture for XRP. Ripple has scored a legal victory against the US SEC and is positioned for potential further wins or even an out-of-court settlement. Additionally, XRP has been relisted on nearly all prominent exchanges, including Coinbase.

The XRP price prediction for the next bull run varies among analysts. Some anticipate XRP reaching $100, while others foresee it staying below $10. Therefore, the outlook for “XRP Price Prediction Next Bull Run” is mixed.

XRP Price Prediction 2025: Is XRP a Good Investment?

XRP is one of the largest cryptocurrencies in the world with a market cap of $41 Billion. It is the native token of the Ripple blockchain which was launched in the year 2012. Ripple is focused on financial services and serves as a payment protocol that fuels financial transactions worldwide. Unlike Bitcoin and Ethereum, Ripple is more centralized as it is a more privately-owned network (Unique Node List), unlike Bitcoin or Ethereum which allows the validators to take control of the transactions.

The XRP Ledger on which XRP is used has excellent Use cases and is quite competitive. The company Ripple has also created an architecture that creates a demand for the use of XRP on the XRP Ledger. However, it is not easy to access statistics on the demand for the Token XRP. We don’t mean from the perspective of trading on a cryptocurrency exchange but from the perspective of the requirement for XRP on the XRP Ledger. The greater the demand for XRP on the XRP Ledger, the more likely that the price will rise higher. However, we do have access to blockchain transaction data. This gives us an indication of the demand for XRP

• The Number of Blockchain transactions has remained in the Median range of 1 Million
• There have been exceptions when the transactions rose to above 2 million or fell below 1 Million
• The number of Transactions rose from early September but has been trending lower since November 9th

XRP is also ‘burnt’ during a transaction

XRP has an excellent use case, is quite differentiated, and has an early mover advantage which makes it excellent crypto to invest in at any point in time. XRP Token is probably being mostly used as a reserve XRP can also be used for cross-border transactions but one can carry out such transactions without using XRP directly (Beyond Reserve and Transaction cost)

A few risks

1. While Ripple has a fantastic use case, banks and financial institutions don’t need to use XRP to carry out transactions on the Ripple blockchain.

XRP Coin Price Prediction: Price Performance

After struggling in the initial few years, the years 2017-2018 turned out to be the best years for XRP and during this time frame, XRP was the second most capitalized cryptocurrency just after Bitcoin. The all-time high price of XRP was 5 years again on January 4, 2018. XRP was valued at $3.84 back. However, after the US SEC accused Ripple the developers of XRP of selling XRP in unregistered securities to investors, the price crashed and there was a mass sell-off.

XRP has gained 75% in the last 5 years. Ethereum has gained 318% while Bitcoin gained 306%.

Here is how XRP has performed over the last few years

• 2013:$0.028
• 2014:$0.024
• 2015:$0.0062
• 2016:$0.0064
• 2017:$2.1
• 2018:$0.371
• 2019:$0.19
• 2020:$0.21
• 2021:$0.85
• 2022:$0.33

In 9 years since launch, 4 have been positive and 5 negative.

XRP Price Prediction: Will XRP Go Up?

As per a PWC Report,

• Global cashless payment volumes are set to increase by more than 80% from 2020 to 2025, from about 1tn transactions to almost 1.9tn, and to almost triple by 2030.
• Asia-Pacific will grow fastest, with cashless transaction volume growing by 109% until 2025 and then by 76% percent from 2025 to 2030.
• Africa will see a 78% rise by 2025 and thereafter an increase of 64% from 2025-2030.
• In Europe, the payment process will rise by 64% by 2025 and 39% after that.
• Europe and Canada will see less growth. By 2025, cashless payment in Latin America may rise by 52% and thereafter until 2030 by 48%.
• By 2030, it is expected that payment solutions based on cryptocurrency and digital wallets will emerge. Instant low-cost payment solutions will be the first preference worldwide.
• Ripple which is positioning itself as the global player providing a seamless payment solution may play a major role in the coming future. Ripple has been partnering with major banks around the world to provide the benefits of its payment solution.

Therefore, the future of Ripple and XRP looks highly motivating considering the way the world is moving towards adopting the faster and seamless payment solution. Investing in XRP may be a good long-term investment option.

How High Can XRP Go?

Predicting the exact upward movement of an asset is highly challenging. However, the convergence of several positive factors has the potential to drive the price of an asset higher. A survey suggests that 97% of global payment leaders expect blockchain and cryptocurrencies to significantly speed up payments in the next three years. Over half of these leaders also predict widespread merchant acceptance of cryptocurrencies within three years. They acknowledge the cost-efficiency of cryptocurrencies, as the global average cost of sending $200 is 6% – a cost they believe can be reduced through cryptocurrency use, particularly stablecoins. Regulatory uncertainty is viewed as the main obstacle to adoption, with 33% considering it their top challenge and 89% seeing it as a deterrent.

In the case of XRP, several factors could contribute to a potential price increase:

• Increased Adoption of XRP: Ripple, the company behind XRP, is focused on facilitating faster and more efficient international money transfers. If financial institutions widely adopt Ripple’s technology and utilize XRP, it could positively impact the price of XRP.
• Improved Global Crypto Market Conditions: The performance of the global cryptocurrency market as a whole can influence the price of individual cryptocurrencies. If the overall crypto market continues to grow, it could create a favorable environment for XRP. As more individuals invest in cryptocurrencies, they may consider XRP as a viable investment option.

XRP Prediction: FAQs

How high can XRP go realistically?

If one were to project for the next 5 years, a favorable SEC ruling and a healthy economy, XRP could go as high as $3 or about 4 times the current price.

What Factors Can Influence the Price of XRP

Acceptance of Ripple As a Key Mode of Payment Protocol: Ripple Lab the developers of XRP have been working to be recognized as a key payment protocol that can enhance international money transfers. Many crypto experts believe that Ripple in the coming future could revolutionize the transaction process worldwide. If so happens, the price of XRP the native of Ripple could skyrocket.

Government Regulations: Government Regulations around the world have been a key factor influencing the price of cryptos. If the regulations are tightened, the price dips and if there is some favorable decision, the price skyrockets. Their Government regulations will be one factor that could influence the price of XRP.

Will banks use XRP?

XRP is one of the established cryptocurrencies in the market. Ripple is already driving the payment systems for many banks now, including Bank of America (BofA), PNC Bank USA, and Santander Bank.

XRP holds a powerful position in the industry and has many use cases too. Ripple’s scalability, low transaction cost, high uptime, high speed, and low power consumption make it an ideal cryptocurrency to use by Banks for various purposes.

XRP can be used to make cross-border payments, liquidity management, etc. So, will banks use XRP? Certainly yes. Few banks already make use of XRP and keeping in mind its use cases, more banks can indeed do the same in the future.

XRP Price Prediction: How to Buy XRP?

Here are a few steps to buy XRP:

Choose a Crypto Exchange

Create your account with the Crypto Exchange

Once you have decided on the exchange, you will have to create an account that will require your details along with banking information. In most cases, you’ll deposit money from a bank account, like your personal checking or savings account. You can also generally complete wire transfers, use a debit card, or deposit money from PayPal.

Fund Your Wallet

Once you have created your account, the next step will be to fund your wallet.

Buy XRP:

Once you have funded your wallet, you can now use the wallet amount to buy XRP.

Here are the Top 15 Exchanges by XRP Trading Volume (Source: Coinmarketcap)

1. Binance
2. Upbit
3. ZT
4. Bithumb
5. SuperEx
6. OKX
7. BitForex
8. KuCoin
9. Bybit
10. Bitrue
11. Coinbase Exchange
12. DigiFinex
13. Bitstamp
14. Pionex
15. MEXC

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in the Index or Individual Cryptos. Please consult a registered investment advisor to guide you on your financial decisions.