The current market price of XRP, at the time of writing, is $0.38 and is down nearly 3.8% in 24 hours. Its price 7 days ago was $0.39 and then decreased by 2.56% in a week. As illustrated in the chart below, its price reached its lowest value of $0.37 during this week.
Google’s trend data indicates that people are very actively searching for Ripple over the past 24 hours (as shown in the image attached below).
Let’s also take a look at the latest comparison of gas tariffs from various networks. Attached below is the comparison in the gas tax, which indicates that Ripple has a relatively lower fee than its rivals, to date.
On December 1, Ripple releases 1B of XRP tokens from one of its escrows.
This is the routine release of Ripple every month from its escrow, of which 800 million tokens are held for further use and 200 million tokens are blocked.
Reports suggest that there have been more than 5 transfers that have moved 133 million XRP tokens and one of which is moved to the Binance address.
STASIS (which issues the euro-backed stablecoin-EURS) and Stably have recently been integrated with XRPL.
The reason for this integration is probably the reliability, interoperability and security of XRP Ledger. XRPL, a decentralized public chain with high liquidity, provides easy ramps for developers, consumers and institutions to dissolve new stablecoin use cases. This recent integration of Ripple with Stasis and Stably will certainly help in the growth of the popularity of stablecoins.
XRP Price Performance This Year
Last 1 month: -17.1%
Last 3 months: +21.6%
YTD: -54.0%
Technical Analysis XRP
XRP Technical Analysis Using Moving Average
30-day moving average: green
100-day moving average: red
200-day moving average: yellow
XRP is trading below the 30-day and 100-day moving averages, but below the 200-day moving average. The 30-day MA converged on the 100-day MA. The 200-day moving average is approaching convergence with the 100-day moving average. Currently, XRP is launching a bullish outlook.
XRP’s current support is $0.337013, while resistance stands at $44486. XRP avoided the pivot at $0.3394 and is heading towards breaking the first resistance. In case the rally is extended, XRP will first have its second support at $0.3894 and resistance at $0.4634. The third highest resistance level (R3) is $0.5085 and the support is $0.49.
In case of a downtrend and XRP
falling through the pin and price of XRP could approach the first support level of $0.370.
XRP analysis with RSI
The XRP RSI indicates a reversal. XRP has entered oversold territory and is now moving upwards. The current trend is bullish and the recommendation is Buy.
Image 319
XRP performance over the last 6 months
June 2022: -23.4%
July 2022: +20.6%
August 2022: +31.5%
September 2022: +50.1%
October 2022: -2.2%
November 2022: -15.6%
Over the past 6 months, XRP has gained heavily in July, August and September, but has traded negatively over the past 2 months. The loss of XRP in October and November, i.e. in Q4 2022, was lower than Bitcoin, while XRP lost more than Ethereum in the last 2 months.
Fourth Quarter Performance
Bitcoin: -14.5%.
Ethereum: -9.9%
XRP: -17.7%
XRP Price History
All-time high: $3.84 (January 4, 2018)
All-time low: $0.002802 (July 7, 2014)
Is XRP a good investment?
XRP is one of the largest cryptocurrencies in the world with a market capitalization of $23 billion. It is the native token of the Ripple blockchain that was launched in 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. However, after the US SEC accused Ripple of XRP developers of selling XRP in unregistered securities to investors, the price plummeted and there was a mass sell-off.
XRP has increased by 111% in the last 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 has a great use case, is quite differentiated, and has an initial 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 over the SEC case make token performance highly unpredictable. The case is probably coming to an 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:$0.71
2019:$0.09
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 terms of performance among 49 cryptocurrencies with a market capitalization of over $1 billion.
XRP has struggled in recent years and the main reason is the SEC’s lawsuit against its parent company Ripple. However, there are chances that the lawsuit will be settled between Ripple and SEC. If this happens, the price of XRP could rise higher. XRP as a cryptocurrency has multiple advantages that will help it rise.
Growing adoption of Ripple: Ripple Lab XRP developers have been working to be recognized as a key payment protocol that can improve international money transfers. Many cryptocurrency experts are of the opinion that Ripple in the near future could revolutionize the transaction process worldwide. If this happens, 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 no new coins can be created now. Therefore, with less supply in the future, the supply will shrink further and thus help XRP increase.
$500 XRP Price Prediction: Analysis
With a market capitalization of over $23 billion, XRP is the sixth 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 v. 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 $100 Price Prediction: 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 its favour: 2X
30% growth for the next 10 years (comparative comparative estimate 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 (as growth slows)
Assuming the above conditions, it will take 28 years XRP[2050] to reach $100
IF XRP implements a combustion 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 tangled up in the legal fight against the SEC and even after a couple of years, the case has not ended. However, XRP developers have been working to position them as leaders in the payment system and getting one 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 payment with anything to deliver what the store owner wants to receive. We will also have a built-in refund feature.
As we said before, XRP is quite differentiated from other cryptocurrencies and therefore is likely to work well if the SEC case were to be settled in its favor.
SEC case in its favour: 2X
30% growth for the next 10 years (comparative comparative estimate 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 combustion or deflation program aimed at 25% combustion, the time frame could be as low as 15 years.
XRP 2023
Price Prediction
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 2023 aggregate XRP price forecast is $0.80. Also, if XRP earns 50% per year, we could see the XRP price at around $1.5 by the end of 2023.
XRP Price Prediction 2025
If XRP earns 30% per year, then by the end of 2030 the XRP price could be $0.08. Also, if there is a 50% surge per year in the price of XRP, at the end of 2025, the price of XRP would be $1.54.
XRP Price Prediction: Future of Ripple (XRP) in 2030?
As per a PWC report,
Global volumes of cashless payments will increase by more than 80% from 2020 to 2025, from around 1 tn of transactions to almost 1.9 tn and almost 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% after.
Europe and Canada will see lower growth. By 2025, cashless payments in Latin America could increase by 52% and then by 48% until 2030.
By 2030, cryptocurrency-based payment solutions and digital wallets are expected to emerge. Low-cost instant payment solutions will be the first preference worldwide.
Ripple, 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.
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 2030 Price Prediction: What will be the value of 1 XRP in 2030?
Taking multiple platforms into account, the aggregate of XRP Price Prediction 2030 is $7.2.
Here’s the XRP 2030 price prediction based on a few calculations:
If XRP
were to increase by 5% per year, the 2030 forecast is that 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% per year, by the end of 2030 XRP would be $4.48.
Ripple vs SEC case: Is SEC trying to solve the case to avoid humiliation?
Facts: If the judge rules against Ripple, it is certainly likely that the XRP price will collapse and perhaps never recover. However, if the judge rules in favor of Ripple, a massive pump is inevitable. Up to 2x in a few days.
So what do we know about Ripple vs Case?
Since December 2020, when the SEC filed a lawsuit against Ripple, SEC and Ripple have been in a legal battle, but in recent days, Ripple has decided to react and the latest rumors suggest that the SEC may try to settle the case and avoid losing the case in court. The reason is that if the SEC loses, it will limit the SEC’s authority to regulate cryptocurrencies in the United States.
The reason behind the SEC’s willingness to settle the case is William Hinman’s emails that are now in the hands of Ripple and give Ripple an edge over the SEC.
As with the rumor, the SEC will try to keep these materials under control and may not go to trial instead of dissolving the case.
XRP price prediction after lawsuit
XRP recently saw a jump in the number of new addresses. Santiment, the platform that tracks addresses among cryptocurrencies, reported that due to XRP’s latest price spike, new addresses created on October 7 were the highest in the last 3 months. The latest price increase in XRP is attributed to the recent UNL (Unique Node List) 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 XRP prices 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.
Factors that may 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 cryptocurrency experts are of the opinion that Ripple in the near future could revolutionize the transaction process worldwide. If this happens, the price of Ripple’s native XRP could skyrocket.
Limited supply: Unlike many cryptocurrencies, the supply of XRP is limited. XRP was designed to be finished in supply. Only 100 billion XRP tokens have been created and it is not possible to create new coins 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 influencing the price of cryptocurrencies. If the regulations are tightened, 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.
Ripple vs SEC Cause: 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 unregistered securities offerings to investors in the U.S. and around the world, XRP has plummeted and there has been a decline in investor interest in XRP. If the lawsuit ends, the XRP price could skyrocket again as it did in 2017-2018.
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 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 details along with your banking information. In most cases, you’ll be depositing money from a bank account, such as your checking or personal savings 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.
