XRP is a global inter-currency payment system created by Ripple Labs. The main advantage of this network is that it allows mutual transfer to any part of the world in just a few seconds. This makes Ripple a very attractive option for banks that rely on real-time payment systems. The Ripple protocol is used by more than 75 payment systems and 90 banks worldwide, including UniCredit and Standard Chartered. Ripple’s high-speed transmission is due to the network being supported by 14 servers worldwide. More and more banks are turning to Ripple, which makes the value of XRP soar. This currency is now ranked in the top 10 by market capitalization.
In the first half of 2020, XRP mainly followed the general cryptocurrency market, reaching a high of almost $2 in April, and then turning to a downward trend. Although the legal battle between Ripple and the SEC is still ongoing, until the early summer of 2021, the Ripple team has kept the company’s public appearance healthy. They even talked about that the company might go public at some point. Therefore, the price has been kept within a fairly narrow range, mainly fluctuating between ~0.8 USD and ~1.0 USD. This shows a lot of price control and gives experts relative confidence in the company. Most XRP price forecasts promise to exceed $1 by the end of 2022. However, the price of XRP has been affected by Ripple legal issues in the past. Relatively recently, in December 2020, the U.S. Securities and Exchange Commission filed a lawsuit against Ripple and its stock price fell sharply. At that time, the price fell from approximately US$0.65 to less than US$0.25 within a few days. Therefore, XRP’s price forecast for 2022 and its accuracy will largely depend on the outcome of the current litigation.
Since April 2021, XPR has been trading in various declining patterns such as triangles and wedges. Coupled with the fact that it failed to continuously break through the support line during that period, this indicates that the trend reversal in the medium-term time frame is highly likely. This may cause XPR to surge to the previous resistance level of approximately $1.3 or higher. In the short term, most indicators such as moving averages recommend selling XRP. However, this difference in predictions can be attributed to the high volatility of cryptocurrencies.
Below we have collected the most reliable XRP (XRP) price predictions from popular prediction platforms.
According to WalletInvestor, the price of XRP will rise from $0.6752 to $1.096 within one year. This makes XRP an amazing investment. The long-term profit potential is 62.32%. The forecast price at the end of 2026 is US$2.585.
When answering the question about whether XRP is a good investment, TradingBeasts responded in the affirmative. From the perspective of 2021, the price of the token is expected to reach US$0.9514397, and it will drop to US$0.8463062 by the end of 2022.
In DigitalCoin’s analysis, the price of XRP cryptocurrency will rise from today’s $0.64 to $1.966 in the next 5 years. It will rise to $1.062 by 2022 and continue to grow in 2023-2024. According to forecasts, XRP is a profitable long-term investment.
In 2021, the average price will drop to $0.651. In 2022, the price of XRP will drop significantly to an average of US$0.648.
From the analysis cited above, it is clear that the XRP (XRP) forecast is quite contradictory. There is no general consensus on positive or negative future XRP price trends. In fact, the possible future growth depends on various factors: announcements, new technical solutions for the XRP project, general encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Yes, most forecasters and analysts believe that the price of Ripple (XRP) will rise in 2021. Some experts even predict that it will soon hit a record high.
Many mid- to long-term XRP forecasts indicate a bullish trend in the future. This means that XRP is worth buying and holding.
The SEC’s case against Ripple is very long, which worries some experts. However, Ripple’s management seems confident in its prospects, and prices have also rebounded after the initial decline. In addition, financial institutions seem to be more willing to adopt Ripple than many other cryptocurrencies, which is also very promising for the future of XRP.
There are many definitions of a good investment according to the investor’s goal. In addition, investment always has inherent risks. Having said that, since many forecasts predict the price growth of XRP, holding it may be an attractive investment.
Some experts predict that XRP will reach $10 or more in the future. This is a long-term forecast with a time span of 5-10 years.
Most Ripple’s forecasts for 2025 are optimistic, saying that the average price of XRP that year will remain in the middle range of $2. However, keep in mind that long-term forecasts are not very reliable and may change.
The current economic environment and the fundamentals of XRP make it unlikely that XRP will reach $1,000. However, considering the pace of financial and technological innovation, this is not impossible.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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