Ripple (XRP) remains one of the most exciting cryptocurrencies on the market, along with Bitcoin and Ethereum. With the crypto trading market entering a new era, traders who can ride an accurate Ripple price prediction will stand to make a lot of money on the crypto exchange.
In this article, we'll explain Ripple's XRP and present information for making a Ripple XRP price prediction for 2024 and beyond. We'll also discuss the question, "Will Ripple reach $1?"
This includes an analysis of Ripple's price in the cryptocurrency market, as well as the Ripple price forecast.
What is Ripple (XRP)?
As usual, let's start our Ripple token price prediction with a definition.
Ripple and XRP are often used interchangeably on most crypto trading and exchange websites. But strictly speaking, Ripple isn't the same as XRP. Ripple is a private company that uses advanced blockchain technology to enable a network of real-time payment, exchange and remittance services built on a distributed ledger database, i.e., the XRP ledger. Ripple's payment services support multiple currencies, including fiat.
XRP, also known as Ripple coin or just Ripple, is the actual token. It's Ripple's digital asset. XRP is used on the Ripple network to facilitate money transfers between different currencies. By first converting the value of the transfer into XRP (rather than a fiat currency like USD), exchange fees are avoided, and payments can be processed instantly.
We want to keep focusing on making XRP a valuable payment tool, and that value will increase accordingly. — Brad Garlinghouse, Ripple CEO
The speed and efficiency of Ripple's system have led to its adoption by big mainstream financial institutions like Bank of America and Spanish banking giant Santander.
The list of banks that support Ripple continues to expand. Cryptoslate's
XRP price is technically independent of the Ripple network. Clients aren't forced to use the cryptocurrency. Still, the increased adoption of the Ripple payment system will affect XRP price predictions as mainstream interest grows.
What are the differences between XRP and Bitcoin?
Before discussing the Ripple prediction today, let's consider the main differences between XRP and the undisputable industry leader, Bitcoin.
- Bitcoin is decentralised, completely public, and aims to bypass banks, but Ripple is controlled by one company that aims to work with banks. Ripple's XRP cannot be mined. Instead, Ripple created and released a finite amount of XRP at once. With each transaction, a small amount of XRP is destroyed, which decreases the supply.
- It takes anywhere from 10 minutes to more than an hour to process a transaction with Bitcoin, but only 4 seconds when using XRP.
- XRP is capable of 1,500 transactions per second, whereas Bitcoin's maximum is approximately 7 transactions per second.
- Transactions are also cheaper with XRP. The average fees for Bitcoin transactions have risen to $27, with each transaction taking an average of 70 minutes to clear.
So, should you buy Ripple XRP? Its current price is good for buyers, and it makes sense to invest in it if Ripple's price predictions show the price of XRP going up. Let's take a look at the evidence from Ripple's price history and future XRP price predictions from crypto exchanges and experts.
Trade Ripple NOW
Ripple (XRP) price analysis
To understand future predictions of Ripple's XRP price, we'll first look at how the cryptocurrency has performed in the market so far. Have past price predictions been proven correct?
XRP price history. Ripple's payment protocol and the accompanying XRP digital token have been around since 2014. The Ripple coin hit the market with a value of around $0.06. Then, as Ripple formed partnerships and developed its relationships with established banks, the price of the XRP cryptocurrency started to rise. Since 2014, the price of XRP has risen, even if it's still affordable as an investment.
"Ripple just might be the catalyst in making cryptocurrency more mainstream." — Craig Cole, CryptoMaps
The first price peak came in May 2017, when one XRP became worth $0.34. The increase in XRP's value correlated with Ripple establishing itself in emerging markets when it opened new offices in Singapore and Mumbai.
Overview of XRP
Ripple (XRP) Price 12/03/2024 | $0.7156 |
Market Cap | $39,092,685,503 |
Circulating Supply / Max Supply | 54,736,825,690 XRP /100,000,000,000 XRP |
Daily Trading Volume | $6,508,002,211 |
All-Time High | $3.84 (4 January 2018) |
All-Time Low | $0.002802 (7 July 2014) |
Official Website |
Trade NOW
XRP/USDT price chart
Register on StormGain Now
XRP technical analysis
Ripple's XRP is meant to be a method of facilitating payments between financial institutions, not an investment vehicle. However, you can still put money into it, and there are many reasons why you should. XRP is widely thought to have the biggest crypto market share after Bitcoin and Ethereum, but it's cheaper than both, usually between $0.45 and $0.90 in 2023. Ripple's low prices compared to other top crypto assets make it a perfect entry point for beginners and mid-level investors who have been priced out of Bitcoin and Ethereum.
Based on data from 12 March 2024, the overall sentiment for XRP price prediction is positive. Technical indicators suggest that XRP's 200-day SMA will increase and reach $0.611971 by 10 April 2024. Additionally, the short-term forecast indicates a potential rise with an estimated value of $0.717710 by the same date.
The Relative Strength Index (RSI) currently stands at 57.77, signifying a neutral position in the XRP market. Considering the classical pivot point (P1) at $0.612998, the support level for XRP is $0.597821.
Because Ripple token price predictions expect the value of XRP to rise, even if adoption is slow, XRP could be a good long-term investment. Another advantage of buying Ripple is that it has, so far, shown less volatility than Bitcoin and other cryptocurrencies, making it a safer investment, even during bad trading periods for digital assets.
Ripple price prediction 2018
Before examining a Ripple forecast, it's a good idea to look at the past. The cryptocurrency was first made available in 2012, with a pre-mined supply of 100 billion tokens. Compare this to Bitcoin, which has a maximum supply of 21 million coins that are going to be released between now and 2140.
XRP traded close to $0.005 (€0.0045, £0.0037) when it launched. For the first few years, the price didn't move much. XRP's value remained largely flat until 2017. That was the year of the first big crypto industry boom, which was largely unexpected and lifted the value of Bitcoin, Ethereum and many other crypto tokens, including XRP. Ripple's coin increased rapidly in price during April and May 2017, rising to $0.40 per token. Prices later settled at around $0.20 for most of 2017.
Another surge was seen on 13 December 2017, when XRP prices rose by 84% in a day from $0.27 to $0.51. In the weeks that followed, records continued to be broken. After surpassing the $1 threshold, XRP ended the year at $2.30, a whopping 38% increase in its price since the start of 2017. The bull run continued into the first week of January 2018, when prices hit $3.40, the all-time high for XRP that has yet to regain.
This lofty high point didn't last long. Ripple faced some brutal market corrections that saw it fall to $2.46 by 8 January 2018. By mid-January, the price halved to $1.18. Finally, in February, Ripple sank below $1. XRP hasn't managed to climb back over this threshold since then. Typically, Ripple meets resistance at around $0.18 to $0.23.
Ripple price prediction 2019
Ripple prices in 2019 tell a story similar to that of 2018. Despite the occasional flare of interest that drove XRP's price up to $0.40 or even $0.60, it largely stayed in the twenties and didn't even come close to breaking a dollar.
Ripple price prediction 2020
XRP had a relatively quiet start in 2020. It consolidated upwards for the most part, but the move didn't begin until Q4 2020. Ripple had been trading between $0.101 and $0.349. There was a price rally in November, and Ripple surged above $0.800, setting a yearly high at $0.829. It later fell back into the previous range and closed the year around $0.200.
Ripple price prediction 2021
In 2021, the crypto market experienced a surge, which translated to higher prices and new all-time highs for most cryptocurrencies. Ripple also benefited from the surge but could not set a new all-time high. The currency grew by over 800%, the largest growth margin in a single year since 2018.
XRP price prediction 2023
According to cryptocurrency analysts, the price of XRP experienced significant fluctuations in early 2023. Experts predict that the average XRP rate in June 2023 will be around $0.485. It is anticipated that the minimum and maximum prices during this period will be approximately $0.461 and $0.509, respectively.
Cryptocurrency analysts anticipate that the XRP rate could potentially reach a peak of $0.515 in December 2023. However, there is also a possibility of a decline, with the rate potentially dropping to $0.426. The projected average for XRP in December 2023 is approximately $0.471.
XRP price prediction 2024
Based on technical analysis, XRP's price is expected to remain within the $0.60-0.70 range, with a strong support level at $0.60 backed by important moving averages presenting potential buying opportunities and the chance for a rebound if prices reach this point. Conversely, breaking through the resistance at $0.70 could indicate bullish momentum and open up possibilities for further upward movement in price.
Trade Ripple NOW
Ripple (XRP) price prediction for 2024, 2025 and 2030
Brad Garlinghouse Ripple Price Prediction for 2024, 2025 and 2030
Brad Garlinghouse, Ripple's CEO, has a big Ripple price prediction, anticipating that it may become the Amazon of the crypto industry by 2025. Garlington is playing a safe, long-term game. In a recent interview with Brad, he was asked what his expectations for Ripple were for the next couple of years. He was quite optimistic and said, "The road map for Ripple remains the same, with wider adoption and increased positive sentiment of people towards cryptocurrencies in general, the future seems bright for XRP".
In a 2018 interview, he reminded listeners that anyone investing in XRP rather than trading it should consider thinking in terms of months and years, not days.
Garlinghouse also stressed the importance of cooperating with governments and banks, as opposed to the freebooter, regulation-dodging spirit of Bitcoin. And he might be onto something. Ripple previously thrived during bear market periods when other blockchain projects plummeted.
TradingBeasts Ripple price prediction for 2024, 2025 and 2030
As per TradingBeasts' forecast, Ripple's (XRP) price predictions for 2024 indicate a fluctuating trend, with the price hovering around $0.76 in April, May, and June, gradually decreasing towards $0.74 by December. Looking ahead to March 2025, TradingBeasts forecasts an average XRP price of approximately $0.72.
According to TradingBeasts' long-term outlook for December 2027, it is projected that XRP will be priced at approximately $0.9024173.
WalletInvestor Ripple Price Prediction for 2024, 2025 and 2030
WalletInvestor's Ripple (XRP) price predictions paint a bullish picture for the cryptocurrency in the coming years. For 2024, they anticipate a potential surge to $1.28, reflecting a nearly 50% upside from the current price. The price range for the year is expected to fluctuate between a maximum of $0.8867 and a minimum of $0.74873. Looking ahead to 2025, WalletInvestor foresees even more substantial growth, with XRP potentially reaching $2.57, representing an impressive almost 200% increase from its current value.
Register on StormGain Now
Long Forecast Ripple price prediction for 2024, 2025 and 2030
Long Forecast's Ripple (XRP) price predictions offer a mixed outlook for the cryptocurrency over the next several years. For 2024, XRP is anticipated to reach $0.778100 in March, with a slight decrease to $0.695956 expected by year-end. Moving into 2025, the forecast indicates a mid-year price of $0.70, with the yearly range fluctuating between $0.403576 and $1.636267. Looking further ahead to 2030, Long Forecast predicts a notable rise in XRP's value, reaching $1.50 within the year, with a range between $0.490274 and $1.990312.
DigitalCoinPrice Ripple price prediction for 2024, 2025 and 2030
DigitalCoinPrice's Ripple (XRP) price predictions offer an optimistic outlook for the cryptocurrency in the years to come. By the end of 2024, XRP is forecasted to reach $1.26, indicating significant growth potential. Looking ahead to 2025, the projected price of XRP is expected to rise further, reaching $1.46, demonstrating sustained upward momentum. By 2030, DigitalCoinPrice anticipates a substantial increase in XRP's value, predicting it to reach $4.39, reflecting a significant long-term growth trajectory.
Trade Ripple NOW
Ripple (XRP) overall future value predictions
Ripple's price could certainly rise even higher in the long term as Ripple's payment- and exchange-facilitating technology is adopted and supported by powerful banks and financial institutions. But what could Ripple's possible prices be from 2024 to 2030?
How High Can Ripple Go?
Looking at the XRP price history, some analysts confidently predict that Ripple could easily double or triple in value, perhaps even more, as the parent company's success makes it less vulnerable to the crypto market volatility.
I think you want to use XRP (as a stablecoin). The chart for XRP/XRP would look the same, so it's also sound money, but they have Institutional adoption and Partnerships, so they're better. — Vitalik Buterin, Ether creator
If both the crypto market and Ripple's commercial venture are strong, we could see Ripple's value rise to several dollars per token and perhaps even reach $5 in a few years. A $10 price prediction for XRP still seems optimistic, but anything is possible if you're looking to 2025 or 2030.
Some eager investors and traders are holding on to the hope that Ripple's price will climb to as high as $100. However, such a dramatic rise is wildly optimistic, so anyone investing in Ripple and waiting to multiply by over 100x should be prepared to hodl for quite some time.
XRP price prediction today
To make price predictions for the next few months, one should look at the progress of Ripple's commercial FinTech venture and the cryptocurrency market in general.
Register on StormGain Now
