Overview of Ripple (XRP) Price
Ripple is a payment protocol that relies on a unique distributed consensus mechanism based on the Federated Byzantine Agreement (FBA) model to empower money transfer systems worldwide. It leverages the advantages of decentralized financial technology to connect financial institutions, businesses, and customers through an open and inclusive approach to speed up transaction settlements. The open financial infrastructure of Ripple serves the needs of financial industries across the world. In addition to the payment settlement system, Ripple has a currency exchange, real-time gross settlement system, and remittance network by which users can quickly execute global transactions in various fiat currencies as well as crypto tokens.
Here are some key highlights from our latest analysis on Ripple’s price movement and future projections.
- The live price of Ripple is $0.480699 (XRP/USD).
- Price dropped over the past year, down -2%
- Our recent XRP price forecast indicates that its value will increase by 20.60% and reach $ 0.582768 by August 01, 2024.
- Our technical analysis indicators signal Bearish market sentiment on Ripple.
- Ripple has had 14/30 (47%) green days and 3.27% (Medium) price volatility.
Let’s dive into the detailed yearly Ripple price predictions for 2024-2050 based on historical price movements, technical analysis, and XRP halving cycles.
XRP Price Predictions 2024-2030
Let us look at Ripple (XRP) price prediction for the upcoming years, based on the historical price movements, technical analysis and XRP halving cycles.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.305227 | $0.845287 | $1.385348 |
| 2025 | $0.315107 | $0.907196 | $1.499285 |
| 2026 | $0.390213 | $0.748916 | $1.107619 |
| 2027 | $0.406823 | $0.584644 | $0.762464 |
| 2028 | $0.511845 | $0.618642 | $0.725439 |
| 2029 | $0.249239 | $1.13967 | $2.030101 |
| 2030 | $0.361888 | $0.8999 | $1.437911 |
XRP Price Predictions 2024
Based on the technical analysis of Ripple prices for 2024, the minimum cost of Ripple is projected to be $0.305227. The XRP price could reach a maximum of $1.385348, with the average trading price expected to be around $0.845287.
XRP Price Predictions 2025
After analyzing Ripple’s prices from previous years, it is estimated that in 2025, the minimum price of Ripple will be approximately $0.315107. The XRP price could reach a maximum of around $1.499285, with an average trading price of about $0.907196.
XRP Price Predictions 2026
According to the technical analysis by cryptocurrency experts, Ripple prices in 2026 are expected to have a minimum of approximately $0.390213 and a maximum of $1.107619. The average trading price is anticipated to be around $0.748916.
XRP Price Predictions 2027
Cryptocurrency experts have reviewed the historical prices and fluctuations of Ripple over previous years. It is projected that in 2027, the minimum XRP price could decrease to $0.406823, with a potential maximum of $0.762464. On average, the trading cost is expected to be approximately $0.584644.
XRP Price Predictions 2028
According to crypto experts’ analysis of Ripple’s costs, the anticipated XRP prices for 2028 are expected to range between $0.511845 (minimum) and $0.725439 (maximum). The average trading price is projected to be around $0.618642.
XRP Price Predictions 2029
Crypto experts continually analyze Ripple’s fluctuations. According to their predictions, the average estimated XRP price is around $1.13967. It could potentially drop to a minimum of $0.249239 but may also reach as high as $2.030101 throughout 2029.
XRP Price Predictions 2030
Annually, cryptocurrency experts forecast Ripple’s price trends. In 2030, XRP is projected to fluctuate between $0.361888 and $1.437911, with an anticipated average cost of approximately $0.8999 throughout the year.
History of Ripple
David Schwartz, Jed McCaleb, and Arthur Britto, three technocrats, started developing a new payment platform in 2011. They launched XRP Ledger in September 2012 with the native cryptocurrency Ripple with the symbol XRP. Just after the launch of XRP Ledger, Chris Larsen joined the team. Four of the team members initiated a new company named ‘NewCoin.’ XRP team has kept eighty billion XRP for the company. The OpenCoin rebranded to Ripple Labs in 2013, shortened to pronounce as Ripple today.
Ripple is an umbrella term that constitutes, A transaction protocol called Ripple transaction protocol, Network (Ripple Network), Unique consensus ledger (Ripple consensus ledger), and the digital asset (XRP). Later in 2020, the Ripple Foundation, a non-profit organization, was formed to oversee the evolution of Ripple and the global adoption of the payment platform. The primary mission of the Ripple foundation is to accelerate the growth of the XRP ledger and Ripple network.
RippleNet
Ripple Network is a global network for payment institutions, banks, digital asset exchanges, and other financial institutions through a single API. They connect people across 55 countries and 120 pairs of currencies. The state-of-the-art technology of RippleNet offers a secure payment gateway to streamline the money transfer. Moreover, it provides messaging and clearing techniques along with unique liquidity solutions.
xCurrent
xCurrent is software to conduct real-time payments for banks. It helps to overcome banks’ current cross-border payment issues and fits as the best solution for banks to offer cross-border payments to customers and businesses.
xRapid
xRapid helps to minimize the liquidity costs of enterprises by improving the user experience. It utilizes digital asset XRP to mitigate the liquidity issue and reduce the capital requirements of liquidity. It was introduced to provide a reliable, scalable option to conduct international payments.
What is XRP?
XRP is a utility crypto-token of the Ripple protocol. Like any other cryptocurrency, XRP is used for investments, trading, or acquiring XRP will help pay the transaction fee for services provided by the platform. XRP is a pre-mined token. The XRP ledger has produced around 100 billion tokens, releasing them to the public over time. The company owns 6% XRP, and 48% is still in reserve.
Ripple has a stringent mechanism to release the token and balance the supply confirming it won’t reduce its value due to oversupply. When the user performs transactions using Ripple, it will deduct a small amount of XRP as a transaction fee from the user’s wallet. The transaction fee is limited to 0.0002 XRP, which is less than for cross-border payments in traditional systems. XRPL can handle 1500 transactions per second, and XRP is trading in more than 100 markets worldwide.
Features of Ripple
Ripple uses a unique transaction validation mechanism from other blockchain networks. Usually, anyone who can solve a complex mathematical equation within a minimum time can be a validator in the blockchain transaction validation mechanism. Hence, they are decentralized. XRP ledger verification is centralized to some extent. Users can download the validation software, but it constitutes a unique node list, and participants have to select the validators at their convenience.
Ripple decides the complete node list, but a node can opt out if not interested in participating in the validation process. Hence, anyone who satisfies predefined criteria cannot be a validator at Ripple. Ripple validators update the transactions every time to match other ledgers, and Ripple transactions will take only four to five seconds for their final confirmation. Ripple tries to guarantee security for the dealing by this unique method.
Ripple Partnerships
Ripple is used by more than 75 payment systems and 90 banks worldwide. More banks are creating partnerships with Ripple because of its high-speed transaction. Moreover, Ripple is supported by 14 servers across the globe. Ripple’s fast and secure payment gateway does not depend on the government or other financial institutions.
Ripple Partnership with Santander
Santander is one of the world’s biggest banks that serve more than 140 million people with various services. They have partnered with Ripple to accelerate the payment system. Ripple aided Standender in developing a One Pay FX service that permits users to conduct instant payments day and night. One Pay FX is available in six countries.
Ripple Partnership with MoneyMatch
Ripple and MoneyMatch are coupled together to offer a faster and cheaper payment system for Malaysian SMEs to pay their global customers. Ripple connects MoneyMatch with global payment initiatives to conduct a hassle-free payment process. The newly developed payment system has reduced the transaction cost of the company to half, and MoneyMatch has become a credible partner for its customers after this.
Ripple Partnership with CROOS ENF
Ripple assisted CROSS in developing South Korea’s First blockchain-based real-time payment service. The service improved the business growth of CROSS, and they are successfully providing low-cost transactions to financial institutions and individuals.
Ripple Partnership with Siam Commercial Bank
Siam has partnered with Ripple. The partnership worked to integrate the global customers of the bank to fulfill their commerce through SCB easy pay application. The application runs on Ripple.
XRP-SEC Lawsuit Case Updates
In December 2020, the Securities and Exchange Commission charged a lawsuit against Ripple that the company raised $1.3 billion through an unregistered offering. They have questioned whether the XRP token is under federal security laws. The suit argued that XRP is not a currency but security, so XRP tokens are unregistered securities and, therefore it, is subject to strict security laws.
SEC raised the issue in 2020, and XRP has been fighting against SEC for the last two years. Finally, in January 2022 New York court judge ordered documents unsealed. The Ripple company says that XRP was not an investment contract. So in the last court commencement, Agencies expected that new documents from Ripple could support the company. The case is still ongoing. The recent update shows the Court refused to seal the evidence from SEC.
Hence, the move of the SEC to prove that XRP is a security that has been sold without registering in a security offering lost its strength because they cannot provide proper evidence against XRP regarding their statements. Court refused evidence submitted by SEC because they are no substantial evidence to take action. The Court has given another extension, and the public is waiting for the proceedings. But it is almost coming to an end, and till now, Ripple has won against SEC because they lack proper evidence and necessary documents against Ripple. The case may be finalized soon.
XRP Price History
XRP came into the mainstream with unique characteristics compared to other blockchain protocols. Instead of dealing only with digital currencies, XRP tries to solve the current fiat currency transfer issues. Soon after the ICO, XRP got tremendous attention among the investors.
The growth was appreciable during the period from 2014 to 2019. But unfortunately, in late 2020, XRP has alleged to be a fundraising issue by US financial regulators. The case was continuously the company’s major trouble for the last two years. Without considering the legal problem, the cryptocurrency market has boosted the coin.
As seen in the chart, XRP traded sideways from 2014 to 2017 and made a high at $0.0601. The bullish trend continued throughout the year, and the XRP price grew to $0.4697 in the same year. XRP initiated an immediate price action on December 18, 2017. The surge catapulted Ripple cryptocurrency to mark an all-time high at $3.84 on January 04, 2018. It was a considerable gain and was an easy start to the new year for XRP’s price.
After the unexpected upward price movement, XRP faced a trend reversal. Bears overtook the journey, and XRP coins brutally broke down to $0.4624. XRP tried to initiate a positive trend in 2019, but it could not cross $0.719. The decisions of South Korea and Japan related to reducing the international transfer cost have forced the coin price to advance. Excluding minute price trends, Ripple (XRP) failed to cross significant resistance levels. XRP traded in the range of $0.116 to $0.354 till November 2020. In November, XRP soared to $0.8396. But the case filed against Ripple by SEC pulled the coin back, and XRP prices plunged. XRP’s price dropped to $0.2 after the issue got public attention. Ripple coin struggled in a consolidation range for a long time after the plummet.
Ripple announced its decision to acquire a 40% stake in Tranglo, a Malaysian international payment company, to fulfill the increased demand of South Asian countries. It was positive news for the market, and XRP touched $1.99 on April 12, 2021. The following price plunge took support at $0.876. From July 2021 onwards, XRP again started a bullish upward trend. Minute price action has created up move and down movements. Finally, Ripple took support at $0.5 at the end of December 2021. Like many other major coins, 2022 was a difficult start for XRP price. Investors struggled at the beginning. Positive news about court verdicts has made a considerable surge in the token. Recent price movements created a trending market for Ripple. However, the current price is at around $0.3 levels.
What Happened to XRP in 2020 and 2021?
In 2020, Financial professionals worldwide started accepting new Fintech solutions to make payments easy. The situation was favorable for Ripple since it is an extension of the same and a new initiation to Fintech solutions. SEC has suited Ripple to question its financial dealings and establishments in the same year. The legal complexities and related actions troubled XRP in the market, resulting in a plunge from $0.70 to $0.2 in XRP price. It was a difficult time for the token. Later in April, Ripple gained some market attention, and XRP prices increased.
Will XRP Price Go Up?
XRP has marked its position in the business and the cryptocurrency market. Unfortunate incidents have suppressed the value of XRP Ripple. A large firm like Ripple, which has a global partnership with financial giants and its footprints in the endeavor, will tackle the all-time high and move up in the future. Recent news about the court proceeding of Ripple and other project development plans from the company gives much hope for Ripple’s future growth. Ripple being a solid platform, can tackle the all-time prices again. Ripple price will go up in the future.
XRP Price Prediction by Crypto Experts
Wallet Investor expects that crypto will touch $0.762464 by 2027, and it can reach a maximum price of $1.437911 by 2030. Ripple price prediction issued by wallet investors is expecting a slow and steady growth in the coin.
DigitalCoinPrice is not bullish enough on the price prediction of XRP. According to them, the XRP forecast touches $1.63 by 2025 and $3.83 by 2030, which is comparatively less bullish than the prediction from wallet investors.
GOV Capital.com’s view is slightly different. XRP cryptocurrency may reach $1.41 by 2022 and $3 in 2024. Government capital price predictions anticipate that XRP can reach only $4.45 by 2025 and may catch $5.4 by 2026.
Price Prediction has a different approach to XRP price analysis. Ripple may touch $1.36 by 2022 and $1.9 by 2023. Price predictions issued by the website expect XRP to reach $4.36 by 2025, but after that, they expect a highly bullish momentum in the token and predict it will reach $29 by 2030.
Trading Beasts have come up with a slow-move prediction for XRP. As per the website, XRP will touch $1.3 by 2022 and $1.4 by 2024. It expects XRP to only reach $1.70 by 2025, which is a bearish prediction compared to other websites.
Ripple (XRP) Fundamental Analysis
Ripple has concrete fundamentals and a team that oversees the developments in Ripple. Based on the latest data from the website, Ripple has more than 500 employees and nine offices worldwide. They reported an average 3X time business growth year on year. The company’s vision is to provide an inclusive financial system by unleashing the power of blockchain technology. Brad Garlinghouse is the CEO, and David Schwartz is the technology chief. The top team consists of ten members in different areas, including the CEO and CTO. Leading investors are Accenture, ANDERSSEN HOROWITZ, CME ventures, SBI group, SEA gate, and Standard Chartered. Main customers include Santander, MoneyMatch, Cross ENF, and Siam Commercial.
Insights from recent quarterly reports: Ripple growth momentum skyrocketed in 2021. Ripple witnessed an increased customer demand despite SEC moves. Payment volume crossed $10 Billion. The current partnerships have expanded the customer base of the company. APAC reminds the most significant volume contributor of ODL volume on RippleNet. Total sale volume in the 4th quarter of 2021 is $717 million, almost double its previous quarter—three billion XRP tokens released from Escrow. Tokensoft has launched wrapped XRP to create interoperability.
Network activity has crossed 130 million, which dramatically increased the growth of the XRP ledger. XRPL grants have supported development communities to build new technology in XRPL and accelerated the internet of value. Going green with XRPL initiatives has been considered, and other development activities are planned for 2022. Ripple is doing well in all aspects, and they are technologically much more advanced than other traditional fiat payment systems.
The project is thriving to deliver a new face and real-time solution for global financial infrastructure. Financial companies are partnering and adopting the Ripple solution. Now, the company focuses on expanding its imprints to South Asian countries and areas where Ripple is not much adopted. Suppose an organization can develop its business continuously for the past three years with partnerships worldwide. It needs to be fundamentally strong. Apart from that, Ripple has robust community and community initiatives. The advancements without compromising security are a reason to attract finance companies to Ripple.
Ripple (XRP) Technical Analysis
XRP is trading around $0.3648 while writing with a 24-hour trading volume of $6,093,155,017, which is 111.44% higher than yesterday. The current market cap is $17,635,794,484, and XRP ranks 6th in terms of market capitalization. The circulating supply is 48.34B XRP.
XRP, after a sharp fall from $1.3, had consolidated in a price range of $0.5 to $0.9 for more than a week. The digital currency market has shown bearish momentum for the past week, and the same created mixed candles on the XRP chart, and the price was stuck at the $0.6 & $0.7 levels. Ripple reached $0.9145 with the price rise and gave some return to investors but has started falling as indicated by the trend line. The current price is around $0.3 level.
Immediate resistance is placed at $0.3868 and $0.4864. The coin struggled to break $0.7703 and $9567 in the past. If XRP crosses this level, it may create a nice bull run and test the resistance of $1.05 and then at $1.15. Major resistance is found at $1.25. If Ripple can cross these levels, investors can expect a good move. But it won’t be happening soon unless an unexpected price action occurs in the Ripple currency.
On the opposite side, immediate support is $0.2004. Any fall below this may be eyeing the zone of $0.1. Below this, traders can sell XRP and wait for a bounce-back. Major support is placed at $0.050, which is the crucial point for Ripple.
After analyzing technical indicators, it can be seen that the MACD line is trading below the Signal Line, which reflects bearishness. The Relative Strength Index (RSI) is 20, which indicates that the coin is trading in the oversold zone, indicating highly bearish momentum.
XRP gained slight momentum last week, but the current price is below the 20 DEMA, 50 DEMA, and 200 DEMA, indicating the coin does not have strength. OBV is flattish, and ADX is placed at 46, which reflects a strong trend.
Technical analysis indicates that the coin reflects bearishness and is recording downward trading. Suppose the market and legal decision favor; only then the XRP may begin the bull run again. Notably, price moves in XRP are slow, but Ripple may expect an uptrend. Those who hold XRP coins can wait for some time for a further uptrend, and those who want to purchase the tokens may buy them but at high risk.
FAQs
Is XRP a good investment?
Yes, XRP is a good investment as per our XRP price prediction. The future of XRP is bullish, according to our XRP price analysis. The future price of XRP may touch $5 before 2030, but the cryptocurrency market experiences enormous volatility. So trade crypto assets at your own risk. Take proper investment advice before initiating an investment in Ripple coin.
What will XRP be worth by 2025?
XRP price predictions indicate it will be worth $1.499285 by 2025.
How much will XRP be worth in 10 years?
XRP future shows it will reach $1.437911 by 2030. If the same trend continues for another two years, it will touch $2.575622 after ten years and become a good investment over ten years.
Is XRP going up soon?
There is no immediate price movement expected in the token based on technical analysis. If Ripple’s case with SEC ends in the upcoming month and Ripple wins, the market and investors will boost the XRP future price. The future of XRP is promising based on price analysis.
Where to buy XRP?
XRP is trading on many major cryptocurrency exchanges such as Binance, Kraken, FTX, Bitfinex, WazirX, etc. Some of the exchanges have delisted the coin because of the lawsuit.
How to buy XRP?
Users can buy XRP like any other crypto asset. Initially, the user needs to create an account with any wallet preferred by XRPL. Once the user completes the necessary registration process, users can deposit the funds into the wallet in the next step. Depositing of funds can be done with a credit or debit card. Now, search for the Ripple ticker symbol XRP in the application’s search box that you are using. Once the user finds out that, click and buy XRP.