XRP is one of the largest cryptocurrencies in the world with a market cap of $23 billion. It is the native token of the Ripple blockchain that was launched in the year 2012. Ripple focuses on financial services and serves as a payment protocol that powers financial transactions around the world. Unlike Bitcoin and Ethereum, Ripple is more centralized as it is a more private network (Unique Node List), unlike Bitcoin or Ethereum which allows validators to take control of transactions.
After struggling in the early years, the year 2017-2018
turned out to be the best year for XRP and during this time frame, XRP was the second most capitalized cryptocurrency right after Bitcoin. The all-time high price of XRP was again 5 years old on January 4, 2018. XRP was valued at $3.84 back. However, After the US SEC accused Ripple, the developers of XRP, of selling XRP in unregistered securities to investors, the price plummeted and there was a mass sell-off.
XRP has increased by 111% over the past 5 years. Ethereum is up 335% while Bitcoin is up 341%. However, this year, XRP is down 44% while Ethereum is down 57% and Bitcoin is down 56%.
XRP Price Trend This Year
- Last 1 month: -26.6%
- Last 3 months: -5.6%
- YTD: -58.0%
Monthly XRP Performance
- January 2022: -41.1%
- February 2022: -19.3%
- March 2022: +11.4%
- April 2022: -24.3%
- May 2022: -15.2%
- June 2022: -23.4%
- July 2022: +20.6%
- August 2022: +31.5%
- September 2022: +50.1%
- October 2022: -2.2%
- November 2022: -18.5%
XRP Price History
All-time high: $3.84 (January 4, 2018)
All-time low: $0.002802 (July 7, 2014)
Table of Contents:
Is XRP a good investment?
XRP has an excellent
use case, is quite differentiated, and has an early mover advantage that makes it an excellent cryptocurrency to invest in at any given time. Some risks
- While Ripple has a fantastic use case, it is not mandatory for banks and financial institutions to use XRP to transact on the Ripple blockchain.
- Second, uncertainties about the SEC case make the token’s performance highly unpredictable. The case is probably nearing its end this year.
Here’s how XRP has performed in recent years
- 2013:$0.028
- 2014:$0.024
- 2015:$0.0062
- 2016:$0.0064
- 2017:$2.1
- 2018:$0.371
- 2019:$0.19
- 2020:$0.21
- 2021:$0.85
- 2022:$0.38
In 9 years since launch, 4 have been positive and 5 negative. This year, XRP ranks 12th in performance among 49 cryptocurrencies with a market capitalization of more than $1 billion.
CrowdwisdomLIVE Rating out of 10
- Use Cases-8/10
- Differentiation-8/10
- Run-8/10
- Leadership-8/10
- Community-3/10
- Macroeconomics (Universal rating)-5/10
- Others (Burn)-2/10
- Total score XRP – 42/70
- Total score Ethereum – 48/70
Therefore, compared to others, XRP has been an above-average investment so far, but not as brilliant as for example BTC, ETH or DOGE.
XRP Prediction Price $500: Analysis
With a market cap of over $23 billion, XRP is the 6th largest cryptocurrency in terms of market capitalization. XRP failed to rise higher due to the SEC case against its parent company Ripple. Many larger exchanges have not listed it due to the ongoing SEC vs Ripple case.
At $500, XRP’s market cap will be worth $24 trillion. In theory, this is feasible, but any prediction of this nature is highly speculative.
XRP Prediction $100 Price: Can XRP Reach 100?
The different platforms that predict the future price of XRP
have predicted that the maximum price of XRP will be less than $ 10 even by the end of 2030. However, we believe XRP has the potential to reach $100 in the future.
- SEC case in his favor: 2X
- 30% growth for the next 10 years (conservative benchmarking against Bitcoin and Ethereum)
- 15% growth for the next 10 years (typical growth for a high-performance cryptocurrency)
- 10% growth for the next 10 years (slowing growth)
- Assuming the above conditions, it will take 28 years XRP [2050] to reach $100
- If XRP implements a burn or deflation program aimed at 25% combustion, the time frame could drop to 20-25 years.
$50 XRP Price Prediction: Analysis
Ripple Lab, the parent company of XRP, was involved in the
legal battle against the SEC and even after a couple of years, there was no end to the case. However, XRP developers have been working to position them as leaders in the payment system and taking a step closer to this, Ripple will present new XRP payment solutions at the Apex Dev Summit in Las Vegas. With this development Ripple will provide Pay with anything to deliver what the store owner wants to receive. It will also have a refund feature built into it.
As mentioned above, XRP is quite differentiated from other cryptocurrencies and therefore is likely to perform well if the SEC case were to be settled in its favor.
- SEC case in his favor: 2X
- 30% growth for the next 10 years (conservative benchmarking against Bitcoin and Ethereum)
- 15% growth for the next 10 years (typical growth for a high-performance cryptocurrency)
- Assuming the above conditions, it will take 20 years XRP [2042] to reach $50
- If XRP implements a burn or deflation program aimed at 25% combustion, the time frame could drop to 15 years.
XRP Price Prediction 2023
The price of XRP directly depends on the ongoing lawsuit against its parent company Ripple. If the lawsuit between XRP and Ripple is not resolved, we could see XRP trading below $1 in 2023 as well.
The current aggregate XRP 2023 price
forecast is $0.80. Also, if XRP earns 50% annually, we could see the XRP price at around $1.5 by the end of 2023.
XRP Price Prediction 2025
If XRP earns 30% annually, by the end of 2030 the XRP price could be $
1.08. Also, if there is a 50% year-a-year surge in the price of XRP at the end of 2025, the XRP price would be $1.54.
XRP Price Prediction: Future of Ripple (XRP) in 2030?
According to a PWC report,
- Global cashless payment volumes are set to increase by more than 80% from 2020 to 2025, from about 1 trillion transactions to nearly 1.9 trillion and nearly triple by 2030.
- Asia-Pacific will grow faster, with cashless transaction volume growing by 109% through 2025 and then 76% from 2025 to 2030.
- Africa will see a 78% increase by 2025 and subsequently a 64% increase from 2025-2030.
- In Europe, the payment process will increase by 64% by 2025 and by 39% thereafter.
- Europe and Canada will see less growth. By 2025, cashless payments in Latin America could increase by 52% and then up to 2030 by 48%.
- By 2030, cryptocurrency-based payment solutions and digital wallets are expected to emerge. Low-cost instant payment solutions will be the first preference worldwide.
- which is positioning itself as the global player providing a seamless payment solution, could play an important role in the near future. Ripple has partnered with major banks around the world to provide the benefits of its payment solution.
Ripple,
Therefore, the future of Ripple and XRP seems highly motivating considering the way the world is moving towards adopting the fastest and most seamless payment solution. Investing in XRP can be a good long-term investment option.
XRP Price Prediction 2030: What will be the value of 1 XRP in 2030?
Taking multiple platforms into consideration, the aggregate of the 2030 XRP price prediction is $7.2.
Here is the XRP Price 2030 forecast based on some calculations:
If XRP
were to increase by 5% per year, the 2030 forecast is then by the end of 2030 the XRP price would be $0.812.
If XRP were to increase by 20% per year, the 2030
forecast for XRP is $2.36 and if XRP earns 30% annually, by the end of 2030 XRP would be $4.48.
Factors that can affect the price of XRP
-
Acceptance of Ripple as a key mode of payment protocol
- : Ripple Lab XRP developers have worked to be recognized as a key payment protocol that can improve international money transfers. Many crypto experts are of the opinion that Ripple in the near future could revolutionize the transaction process worldwide. If so, the price of Ripple’s native XRP could skyrocket.
- Limited supply: Unlike many cryptocurrencies, XRP’s supply is limited. XRP was designed to be limited in supply. Only 100 billion XRP tokens have been created and no new coin can be created now. This means that XRP tokens will only decrease since after each transaction there is a decrease in the number of XRP.
- Government regulations: Government regulations around the world have been a key factor that has influenced the price of cryptocurrencies. If the regulations are stricter, the price goes down and if there is any favorable decision, the price skyrockets. Government regulations will be a factor that could affect the price of XRP.
- Lawsuit: The Ripple vs SEC lawsuit is a factor that has been an obstacle to XRP’s rise. Since 2018, when the Securities and Exchange Commission accused Ripple of selling XRP in an unregistered security offering to investors in the United States and around the world, XRP has crashed and there has been a decrease in investor interest in XRP. cause it ends, the XRP price could skyrocket again as it did in 2017-2018.
Ripple vs SEC
Ripple vs SEC Case
Here’s what we know, if the judge rules against Ripple, the XRP price is certainly likely to collapse and perhaps never recover. However, if the judge rules in favor of Ripple, a massive pump is inevitable. Up to 2 times in a few days.
So the real questions are:
- Is it worth taking a risk for such a return?
- How much should you risk?
In our opinion, there are numerous other tokens on the market that are worth investing in and that could perhaps offer the same return over a longer period of time. However, if an investor feels that the risk is worth taking, proper risk management is essential.
In the recent development, the SEC
did not take a position in the motion filed by Philip Goldstein, Investor Choice Advocates Network ((ICAN) and SpendTheBits. However, the SEC asked to be allowed to respond against the motion.
In recent months, there has been an increase in the number of companies that have filed motions in favor of Ripple.
XRP Price Prediction After the Lawsuit
XRP recently saw a jump in the number of new addresses. Santiment, the platform that tracks addresses through cryptocurrencies, reported that due to the latest spike in XRP’s price, new addresses created on October 7 were the highest in 3 months. The latest increase in the price of XRP is attributed to the recent Unique Node List (UNL) update of the XRP ledger.
The Ripple vs SEC case has been dragging on for a couple of years, but there are chances that the case will be settled soon. XRP investors and those who have been waiting to invest in XRP are eagerly waiting for the case to be resolved.
The prediction of the XRP price
after the lawsuit cannot be determined, but it is expected that the price of XRP could rise explosively considering the growth of the Ripple network. There has been a growing acceptance of the Ripple payment solution and once the case is resolved we could see a sharp increase in the price of XRP.
Latest XRP News
- Coinbase has officially filed its amicus brief to support Ripple Labs Inc. Coinbase is the largest cryptocurrency exchange in the United States and filed an amicus in the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) in 2020 against Ripple.
- Ripple urges the UK to create a “tailored regulatory framework” for cryptocurrencies.
XRP Price Prediction: How is XRP different from others?
- One of the main goals of Ripple, the developers of XRP is to become a global payment platform and also facilitate transactions between cryptocurrencies and banks. It provides access to financial products to create a borderless payment system.
- Ledger and partners with traditional financial services companies. XRP is the cryptocurrency that powers transactions through the xRapid product (just like Eth or Matic)
- Competitive transaction speed and costs. Traditional payments abroad take days compared to Ripple which takes a few seconds.
- XRP uses a consensus protocol with validators that quickly approve transactions. Validators could be banks and financial institutions
- is used to create cryptocurrency wallets, and the XRP ledger can also be integrated to create a stablecoin.
- is a more private network as coins are released by Ripple directly unlike Bitcoin where coins have to be mined
- Competitive transaction speed and costs. Traditional payments abroad take days compared to Ripple which takes a few seconds.
- Ripple uses XRP tokens for completing transactions. Unlike Bitcoin where a new coin is created to reward the miner, XRP has a fixed supply of 100 billion XRP tokens.
- Ripple is more centralized than Bitcoin and Ethereum.
- The Ripple network can be used to process the transaction for other fiat currencies and cryptocurrencies.
- Ripple with its open source and peer-to-peer decentralized platform can be used to transfer money in any form, be it dollars, yen, euros or cryptocurrencies.
Ripple enables financial services through XRP
The XRP ledger
Ripple
Will XRP increase?
XRP has struggled in recent years and the main reason behind it is the SEC lawsuit against its parent company Ripple. However, there are chances that the lawsuit will be resolved between XRipple and SEC. If so, the price of XRP could rise higher. XRP as a cryptocurrency has multiple advantages that will help it grow. Here are some benefits of XRP that could help it grow:
Growing adoption of Ripple: Ripple Lab XRP’s developers have worked to be recognized as a key payment protocol that can improve international money transfers. Many crypto experts are of the opinion that Ripple in the near future could revolutionize the transaction process worldwide. If so, the price of Ripple’s native XRP could skyrocket.
Limited supply: XRP has a limited supply, only 100 billion XRP tokens have been created, and it is not possible to create new coins now. Therefore, with less supply in the future, the supply will shrink further and thus help XRP go up.
Some of the projects and clients using XRP Ledgers are:
- American Express
- Santander
- Bitpay Payment Processing
- Exodus wallet and apps
XRP Price Prediction: How to Buy XRP?
Here are some steps to buy XRP:
Choose a cryptocurrency exchange
Choosing an XRP exchange is quite difficult since most exchanges eliminated XRP after the lawsuit.
Create your account with Crypto Exchange
Once you’ve decided on the exchange, you’ll need to create an account that will require your personal details along with your banking information. In most cases, you’ll deposit money from a bank account, such as your personal or savings checking account. You can also typically complete bank transfers, use a debit card, or deposit money from PayPal.
Fund your portfolio
Once you have created your account, the next step will be to fund your wallet.
Buy XRP:
Once you’ve funded your wallet, you can now use the wallet amount to buy XRP.
