This Ripple price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of OKEx and its native token of Ripple XRP has the potential to reach anywhere up to $5 per token between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy XRP.
“It takes but one person, one moment, one conviction, to start a ripple of change.”– Donna Brazile
News about Ripple XRP
- XRP Gains Popularity among UK-Based Investors
- XRP price will catch up with Bitcoin and Ethereum to make a new all-time high at $5
Since Bitcoin came around in 2009, there have been thousands of altcoins that have come and gone. However, few have stood the test of time as well as Ripple, a blockchain-based digital payment network and protocol, and its native token of XRP.
Ripple has been around since 2012 and has since been able to boast an enormous userbase due to its numerous advantages over Bitcoin from higher speeds and lower energy usage to lower transaction fees. As a result, the value of Ripple and XRP has skyrocketed in recent years.
But are you wondering if it’s too late to start investing in Ripple? You’re not alone, many people are curious about whether investing in Ripple now is a good idea. I was one of those people until I began to use a range of factors to research the future price of Ripple such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Ripple. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Ripple price prediction aims to answer all. But first, let’s start with just what Ripple actually is and how it works.
What is Ripple (XRP)?
In the same way as Ethereum, the name Ripple is often used to describe the payment platform and the XRP currency that goes with it. Ripple Network was launched in 2012 and it was one of many altcoins that sought to solve common problems associated with the main cryptocurrency of Bitcoin. XRP is the native token of the Ripple Network.
Ripple’s main problem they aimed to solve was the decentralization aspect of BTC. Their goal was to create a payment platform that allowed traders and investors to make online transactions without having to go through the often slow and sometimes expensive route of a centralized financial body.
Ripple was designed to make it more straightforward for those same centralized financial bodies to carry out payments themselves. In particular, they focused on cross-border payments. Many global businesses make hundreds of such transactions a day and these are known to be some of the slowest and have much higher transaction fees when compared to domestic payments.
And of course, this hasn’t gone unnoticed. From Santander to American Express, Ripple has managed to secure a number of prominent users and high profile investors looking to take advantage of low transaction fees, favorable exchange rates, and the globalized currency of XRP that provides a solution to some of the issues that are often associated with both fiat currency and decentralized cryptos.
Pros and cons of Ripple
Like any cryptocurrency, Ripple has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Ripple XRP.
|✔️ Ripple solves problems for large financial institutions.||❌ All XRP coins are pre-mined and already in circulation, so it doesn’t have the scarcity aspect of Bitcoin or Ethereum.|
|✔️ It speeds up the flow of capital, which is great for the economy.|
|✔️ Ripple is the world’s sixth-biggest cryptocurrency with a market cap of $50 billion.|
Do you still have questions about Ripple? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about Ripple to give you a better understanding of the original digital asset and its price potential.
Who uses Ripple (XRP)?
XRP is used by those who wish to make regular transactions without slow transaction speeds and high fees often associated with many fiat currencies and some cryptocurrencies.
How does Ripple gain value?
Like most cryptocurrencies, the value of Ripple is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for Ripple is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can Ripple reach $100 per token?
Based on its recent price surges and innovative nature of being a platform with a growing userbase looking to utilize its various benefits, it’s possible that Ripple could reach $100 per token one day, but this would be in the long term.
Where do people buy, sell, and trade Ripple?
You can buy, sell, and trade Ripple XRP from various crypto trading platforms. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Ripple Price History
After its release in 2012, the price history of Ripple was fairly insignificant. Just before 2017, the value of one XRP was around $0.01. But as more people began to discover the uses of the Ripple Network and its native coin, things were about to get very interesting indeed.
In 2017, XRP was caught up in the bull run of that year. By April, it had risen to $0.05. The gradual climb continued and it reached $0.25 in May. This set the tone for 2017 and it continued to rise throughout the year.
By early 2018, it had reached its all-time high of $3.84 and brought phenomenal returns on investment for those who got in early enough. But of course, this wasn’t sustainable and a subsequent market crash saw the price of XRP plummet.
The price of XRP only began to stabilize to around $0.30 by the end of 2019. Since then, it hasn’t been able to regain its former price glory. But the bull run of 2020 saw the price rise to $0.66.
A crypto lawsuit caused the price of XRP to temporarily drop, but it has started to rise again. Currently, Ripple is trading at over $1. With an interesting history and continued procurement of significant investors, many believe that the current ripple price indicates a bullish future. But what do the experts have to say?
Expert analysis of the Ripple price potential
One of the best tools we can use to try and determine the potential future price of Ripple is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Trading Education is bullish on the XRP price prediction. Based on Ripple continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe it has the potential to reach around $2.60 per token by the end of the year, $3.19 by 2023, and finally the price of $5.20 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to XRP, they are also bullish. Over the long term, WalletInvestor predicts that the price of Ripple could reach somewhere around $1.69 by the end of 2021 and $3.87 by the end of 2025.
DigitalCoinPrice is fairly bullish on its XRP outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $1.71 by the end of 2021, $2.22 by the end of 2023, and finally, a figure of $3.99 by the end of 2025.
Another rather bullish expert analysis on XRP is LongForecast. They predict the price of Ripple in 2021 to potentially reach up to $2 by the end of the year. By the end of 2023, they expect it to reach $3, and they expect the price to rise even further to $5 by the year 2025.
So from over $2 in the short term and up to $5 in the long term, the overall expert analysis on the future price of XRP is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the Ripple price potential
Now we move on to technical analysis to try and predict the future price of Ripple. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Ripple Price Prediction 2021 – 2022
Since the beginning of 2021, the price of Ripple skyrocketed by 416% from $0.22 to its current price of $1.15. It’s predicted that the Ripple price will rise by 52% in the second half of 2021 and it’s then expected to close the year at $1.74. A year-to-year change of +686%.
Ripple Price Prediction 2022 – 2023
After starting the year at $1.74, it’s predicted that the price of Ripple will rise to $2.52 per coin in the first half of 2022, it’s then expected to gain $0.35 and finish the year at $2.87, which is a +151% gain on the current price.
Ripple Price Prediction 2023 – 2024
After starting 2023 at $2.87, Ripple is expected to rise again and end the year at $4.15 at an overall annual increase of 262% from the current price.
Ripple Price Prediction 2024 – 2025
After starting 2024 at $4.15, Ripple is expected to drop to $3.84 halfway through the year. The second half of 2024 is expected to see the price of Ripple end the year at a slightly higher price than the first half of 2024 at $3.99. That’s an overall annual increase of 248% on the current price.
In summary, Ripple XRP is one of the most well-established cryptocurrencies on the market. It provides a range of real-world value that has been utilized by various high-profile companies. Its recent price history tells us that it has the potential to surge to new all-time highs at any time.
Whilst many people can see the significant potential in Ripple, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy Ripple?
Ripple is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on Ripple. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Ripple is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of Ripple XRP and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.