XRP is a global system for inter-currency payments, created by Ripple Labs. The main advantage of the network is that it allows mutual transfers to anywhere in the world in just a few seconds. This makes Ripple a very attractive choice for banks that rely on a real-time payment system. The Ripple Protocol is used by more than 75 payment systems and 90 banks around the world, including UniCredit and Standard Chartered. The high speed of transfers in Ripple is due to the fact that the network is supported by 14 servers around the world. More banks are switching to Ripple, which has allowed XRP to make a huge jump in value. Now, this currency by market capitalization ranked within the top-10.
In the first half of 2020, XRP has mostly followed the general crypto market, with almost $2 high in April, later pivoting to trend down. Despite the ongoing legal battle of Ripple versus the SEC, through the beginning of the summer of 2021 the Ripple team has been keeping the company’s public appearance healthy. They even spoke of the company possibly going public at some point. As a result, the prices have been kept in quite a tight range, fluctuating mostly between ~$0.8 and ~$1.0. This suggests a great deal of price control and makes the experts relatively confident in the company, with most XRP price predictions promising more than ~$1 by the end of 2022. However, XRP’s price has been influenced by Ripple’s legal troubles in the past. Relatively recently, in December 2020, there was a large dip following the SEC’s filing the lawsuit against Ripple. At that point, prices fell from ~$0.65 to less than ~$0.25 in a matter of days. So, the XRP’s price forecast for 2022 and its accuracy will heavily depend on the current lawsuit’s outcome.
Since April 2021, XPR has been trading in various descending patterns such as triangles and wedges. Together with the fact that it hasn’t been able to consistently break support line in that time, this suggests a strong possibility for a trend reversal in the middle-range timeframes. This may lead to XPR soaring to the previous resistance levels of ~$1.3 and beyond. In the short term most indicators, such as moving averages, suggest selling XRP. However, this discrepancy in predictions can be attributed to the high volatility levels of crypto in general.
Below we have collected the most reliable price projections for XRP (XRP) from popular forecast platforms.
According to WalletInvestor, XRP price will grow from $0.6752 to $1.096 in one year. That makes XRP a awesome investment. The long-term earning potential is 62.32%. Predicted price for the end of 2026 is $2.585.
Answering the question about if XRP is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.9514397 with a reduction to $0.8463062 by the end of 2022.
In DigitalCoin analysis, the price of XRP cryptocurrency will rise in the next 5 years starting from $0.64 as of today’s price to $1.966. It will go up to $1.062 by 2022 and continue its growth in 2023–2024. Based on the forecast, XRP is profitable long-term investment.
In 2021, the average price will go down to $0.651. In 2022, XRP’s price will drop significantly to an average of $0.648.
As it can be clear from the analysis cited above, XRP (XRP) projections are rather contradictory. There is no universal consensus either about positive or negative future XRP price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the XRP projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Yes, most forecasts and analysts suggest Ripple (XRP), price will go up in 2021. Some experts even predict it reaching a new all-time high soon.
A lot of mid- and long-term XRP predictions promise a bullish trend in the future. It means that XRP is worth buying and holding.
There is a long SEC case against Ripple, which makes some experts apprehensive. However, Ripple’s management seems confident about its prospects, and the price has also recovered after the initial dip. Besides, financial institutions seem to be more open to adopting Ripple than many other cryptos, which is also quite promising for XRP’s future.
There are many definitions of a good investment depending on the investor’s goals. Besides, investments always have an inherent risk. Having said that, since a lot of forecasts predict XRP’s price growth, it might be an attractive investment to hold.
There are some experts who are predicting XRP reaching $10 and more in the future. This is a long-term projection with a 5–10 year time horizon.
Most Ripple forecasts for 2025 are optimistic, saying XRP average price in that year will keep in the mid — $2 range. However, keep in mind that long-term predictions are not very reliable and subject to change.
The current economic climate and XRP’s fundamentals make XRP reaching $1000 unlikely. But, considering the pace of innovation in finance and tech, this is not out of the realm of possibility.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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