Over the past 24 hours, XRP has been following the downward trend. Ripple’s overall market cap has declined by nearly 2%. The current rank of XRP is 6th and the technical recommendation is to SELL for the next few hours.
XRP Price Prediction: Last 5 Days and YTD Performance Chart
|Last 5 days||+12.1%||+5.99%||+15.5%|
XRP Forecast 2022 and 2025, June 27
|Average XRP Price Prediction 2022||$0.59|
|Price of Digitalcoin||$0.54|
|XRP Average Price Prediction 2025||$0.80|
|Price of Digitalcoin||$0.89|
|27 June||$941 million||$17 B|
|22 June||$1.06 million||$15.5 billion|
|18 June||$1403 million||$14.9 billion|
|31 May||$1738 million||$20.4B|
|15 May||$1428 million||$21.6 billion|
|May 1||$1658 million||$29.2 billion|
|April 1||$2092 million||$39.8 billion|
|March 1||$2877 million||$37.6 billion|
|February 1||$1183 million||$30.0B|
|January 1, 2022||$1156 million||$40.4B|
How is XRP different from others?
- Ripple focuses on financial services through XRP Ledger and partners with traditional financial services companies. XRP is the cryptocurrency that powers transactions (just like Eth or Matic)
- Competitive speed and transaction costs. Traditional overseas payments take days compared to Ripple which takes seconds.
- XRP uses a consensus protocol with validators that quickly approve transactions. Validators could be banks and financial institutions
Main problems with XRP
- Ripple is a more private network as coins are released by Ripple directly unlike Bitcoin where coins have to be mined. This can negatively affect the price
- In many ways, Ripple is much more centralized than Bitcoin and Ethereum given control over validators.
- Ripple is an ongoing case with the SEC keeping the price of XRP low. It is one of the very few cryptocurrencies that has not grown much in the last 4 years.
Why is XRP falling?
- XRP’s lawsuit against the SEC continues endlessly in sight
- The cryptocurrency market unraveled after inflation rose followed by the Fed’s rate hike.
Will XRP recover?
In terms of added value to consumers and businesses, XRP meets the standard. The odds of XRP winning its case against the SEC are high if not very high. Taking these two factors into account, we believe XRP will begin recovery in the next 4-9 months. The exact period is difficult to pinpoint, but it should be at a time when economic fundamentals stop getting worse. A full recovery to all-time highs will take much longer.
Ripple Price Prediction: How to Buy XRP?
Here are some steps to buy XRP:
Choose a cryptocurrency exchange
Choosing an XRP exchange is quite difficult as most exchanges canceled XRP after the lawsuit.
Create your account with Crypto Exchange
Once you have decided on the exchange, you will need to create an account that will request your personal data along with your banking information. In most cases, you will deposit money from a bank account, such as your personal checking or savings account. You can also generally complete bank transfers, use a debit card, or deposit money from PayPal.
Finance your portfolio
Once you have created your account, the next step will be to fund your wallet.
Once you’ve funded your portfolio, you can now use the wallet amount to buy XRP.