Ripple price predictions: how XRP could develop in future
Ripple price prediction – how XRP could develop over the coming years and what to look for
- Ripple price prediction and trends
- Ripple price analysis and things to look out for
- How Ripple works
- Ripple FAQ
Ripple’s XRP has had a tough few years. Launched in 2012, the cryptocurrency that aims to make cross-border transactions easier is one of the more popular coins available – it’s currently rated as the world’s number three. An overall slump has seen it fall, but the positive news is that Ripple price predictions are good, with some very encouraging figures in the long term. The immediate future may not be so bright, however. This is often the way with cryptocurrencies, though, with overall market trends leading the way and it shouldn’t put you off Ripple specifically.
Ripple price prediction and trends
While XRP has reached some impressive peaks in the past, including its record high of $3.84 recorded on 4 January 2018, this was partially down to the then-boom in cryptocurrencies, which boosted all kinds of coins for a brief period. Indeed, the inevitable slump saw it reach lows of $0.24 last year. Then the crypto crash of 7 September saw the price fall from $1.40, standing at $1.06 at the time of writing on 13 September. It remains to be seen how quickly prices can recover.
It’s interesting to note that XRP is decently positioned as cryptocurrencies become more widely accepted. Its unique selling point – being specifically designed to speed up the international transfer of money – should help attract more people in a time of increasing globalisation. There are even some predictions that it will end up replacing the current Swift/BIC system of international bank transfers. If that happens, the most optimistic Ripple price predictions may be correct.
Will Ripple go up? There appears to be a consensus that Ripple’s value will rise, although no one seems entirely sure how much. Ripple coin price predictions vary, but most are positive, with the long-term Ripple price prediction being optimistic.
Ripple price analysis and things to look out for
There could be problems, however. For one, the fact that there are 100 billion XRP tokens that could potentially be issued, 60% or so of which are owned by Ripple itself. Potential investors could be put off by the limited supply and decide it’s not worth sticking around for the long term, which may cause the price to drop. Although many cryptocurrencies have a limited supply, Ripple seems to be especially particular in how few tokens it releases at any one time. This could lead to frustration and investors taking their money elsewhere. If that is the case, the Ripple price analysis might not be as positive as it could have been.
Probably the biggest issue facing Ripple right now is its ongoing lawsuit with America's Securities and Exchange Commission (SEC). The SEC argues that XRP is an unregistered security, a claim that Ripple denies. A lot of Ripple price analysis hinges on the company winning the case. If it loses, things could go horribly awry. Most experts believe that Ripple has a strong claim, however, and should be successful. CEO and co-founder Brad Garlinghouse issued a statement, saying: “What I don’t want is for you to worry. We will get through this, and we will prove our case in court. We have a phenomenal legal team and as I said, we are on the right side of the law to begin with. Know, however, that the legal system is slow, and this is just the beginning of a long, civil process.”
How Ripple works
What makes Ripple so interesting is the way it works. There is no blockchain. Instead, brokers and dealers transfer promises of payment, rather than payments themselves. This means it can be used to transfer any type of currency, potentially making it a flexible way forward for international banking. If that happens, we can expect the Ripple price prediction to be extremely positive.
Trade Ripple to US Dollar – XRP/USD chart
Will Ripple reach $1,000?
It’s possible, but not certain. Some Ripple price predictions forecast it rising to $300, but there are outliers who believe that $1,000 is possible. If you can hold your nerve during the inevitable dips, you could get a decent return many years from now if the Ripple projections prove true.
What will Ripple be worth in 2025?
Investors in Ripple could be in line for a pleasant surprise in 2025. Some analysts believe that the currency will benefit from the rising popularity of cryptocurrencies as a whole, meaning the value could potentially skyrocket. The Ripple prediction is encouraging and could mean XRP is a worthwhile investment.
That said, it’s worth keeping in mind that some analysts are predicting cryptocurrencies will be a bear market by 2025, at least in comparison to the intervening years, which means that the value of Ripple could only reach around $8 – far more than its current value, but a lot less than the $160 that some Ripple XRP price analysis suggests it could reach during 2022 or 2023.
What will Ripple be worth in 2030?
As with all longer-term predictions, this one is a little harder to ascertain. Some analysts are forecasting a $300 price by the start of the next decade. Others think it could go much higher. In 2018, during XRP’s all-time high, a 2030 high of $1,000 was predicted.
Is Ripple a good investment?
It’s always wise to be cautious. As with any form of investment, there is always the possibility of losing rather than gaining money. The shadow of the ongoing SEC court case looms over the choice to invest in XRP, as well.
Nevertheless, Ripple is one of the largest cryptocurrencies around, beaten only by bitcoin, ether and tether, and it has a decent following among investors. Many analysts have encouraging Ripple projections, which is worth keeping in mind, but remember to always do your own research first.