XRP has enjoyed being among the top cryptocurrencies by market capitalization for several years in a row. It is a project that inspired many cryptos of the same kind, designed to become a means of quick global value transfers. In this article, we will have a look at what might happen to Ripple’s XRP in the future, considering where it stands seven years from its beginning, and share the XRP price prediction for 2020 and beyond.
What is XRP?
XRP is the name and ticker of cryptocurrency that was released in 2012 by Ripple, the San-Francisco based fintech company. While the company uses the currency as a solution in its products for corporate and financial institutions, XRP and its ledger are open-source and decentralized.
XRP’s purpose is to be a bridge between banks or money transfer providers to enable instantaneous and virtually costless money transfers without the need for prepaid accounts in the foreign currency. The transactions on the ledger are confirmed within seconds, in comparison to an average remittance taking 3 to 5 business days. XRP is deflationary, pre-mined and for the time being the XRP that are not in circulation are stored in an escrow account regulated by the smart-contract.
To learn about Ripple and XRP in more detail, check out our Beginner’s Guide on it!
XRP Price History
At the end of 2013, one of the first price spikes for XRP during this period occurred. It lasted from late November to December, reaching $0.028 but correcting itself over several months. This movement took XRP’s price up by almost 400%. Almost exactly a year later, the same pattern repeated itself, taking XRP price up from $0.005 in November 2014 to $0.027056 at its peak a month later.
During other times, the XRP price moved between $0.005 and $0.009, two significant levels for almost two years. The support was breached only for a brief time in December 2015/January 2016. This period closed at $0.006449 per XRP.
Ripple’s price once again had a spike in value in late 2017 and early 2018. This time, however, it also corresponded to a massive increase in the cryptocurrency market. The spike was actually a culmination of a rally that started in mid-2017. On December 10, 2017, right before the price spike, Ripple was at $0.239. Just a few weeks later, XRP’s price hit the all-time-high to date of $3.55 on January 4, 2018. From there, though, Ripple dropped with a few peaks and valleys along the way, briefly going back up to $0.837 on April 21. As for the rest of 2018, well, the asset was back at $0.358056 on the closing day, worth ten times less than at the beginning of the year.
2019 was not as turbulent but for the investors XRP did not show promising results. In summer of 2019 its price rose slightly above the overall level at $0.3 but the year closed with an almost 50% loss, going down from $0.353771 to $0.194349.
XRP in 2020
This year’s XRP price movement, though, looks as if it decided to make up for the low volatility. In the bull market of February, XRP managed to climb to $0.349789, but the fall in March was as drastic. On March 12, XRP price dropped to $0.115093, in comparison to this year’s high over 60% less. From that low, the recovery was not easy. At a recent small spike, it managed to get only about half of its lost value back. Recently, XRP’s price jumped from $0.17 up to $0.2 and is starting to test resistance levels, but a pullback is also seeming to be very likely.
At the moment of writing, XRP ranks fourth by market capitalization with $8,697,448,431 invested. With the existing supply of 99,990,932,726 XRP, it makes a single XRP worth $0.196518.
Why might the XRP price change?
For a project like XRP, which was developed with a clear use case and for a certain group of users, adoption is key to its relevance. In June, Ripple joined the PayID initiative, which unites more than 40 blockchain and fintech companies in their mission to enable cross-payment system communication. This is but one step in the direction of broadening the user base of cryptocurrencies, and Ripple is known for consistently expanding the list of their clients.
Closely tied to the previous factor, partnerships often become a catalyst for more short-term XRP price swings. In very recent news, Santander and Ripple have just announced a strategic partnership. Announcements of this caliber usually have a strong effect on the price, so in the nearest future some corresponding movement might occur — watch out!
Ripple’s XRP is in the middle of an ongoing legal battle for its status. If XRP is ruled out as a security, then Ripple has been providing unauthorized financial services, which can seriously undermine the company’s and currency’s position. Alternatively, if XRP is not deemed a security, the logical consequence is that XRP will be deemed one of the most successful fintech startups ever.
XRP Price Analyses
In the short term, some experts predict that Ripple’s XRP can extend the rally above $0.2 because the price has entered a rising channel. Other traders point at the rising wedge pattern, which is a bearish flag, and the pullback might take the XRP price back to $0.17. To make this rally count, XRP buyers have to make a comeback so strong as to break the downside pressure that was building up for a while, some say.
#XRP on Twitter
XRP Army is still undefeated, scoring a new high in Tweet numbers in the light of 14% surge. Let’s see what they say!
Crypto enthusiast and influencer @CryptoBull 2020 encourages his fellow XRP holders to keep holding. As we will see from some of the predictions from experts, these figures are actually not too far-fetched!
Investing consultant Jay Chiew is celebrated for his ability to see breakthroughs, and this time he is eyeing #XRP. He predicts the $0.26 resistance breach and a buildup to a slingshot. Will this be true, though? We’ll see soon.
XRP Price Prediction for 2020
Currency.com XRP Price Prediction: $0.3
Currency.com’s author Connor Freitas reports that 2020 will be a tough year for XRP because the currency will need to recover from an even tougher 2019. The community of supporters seems to be shrinking, though it might be seen as only the most faithful staying. Besides, it is still not too clear whether Ripple themselves influence the market, which adds uncertainty. As a bottom line, the most feasible prediction to the writer seems to be $0.3 per XRP, and for that to happen, a crucial resistance level of $0.2 needs to be overcome for a long period of time.
Feedster XRP Price Prediction: $10
Business and marketing publisher Feedster author gives an even more positive forecast for XRP in 2020. The coin has the best chances at adoption and behaves even better than Bitcoin in bull markets. Volatility of XRP is increasing, and the writer comes to the conclusion that larger upward swings can be expected. The estimated ROI, considering XRP’s fundamentals, can reach up to 1000%, which makes the price of a single XRP go up to $10, they claim.
XRP Price Prediction for 2021–2024
Prime XBT’s XRP Price Prediction: $1.33 in 2021, $15 in 2022, $1800 by 2024
On the condition that the XRP price graph completes an inverse head-and-shoulder movement in 2020, the pattern that will form as a result will be the same but on a larger scale, taking the price of XRP to $1.33 in late 2021.
If we consider the decline from the 2018 a downtrend and assume that the last breakout scenario will be repeated, XRP’s price may soar by 5,000% once again, which would amount to an increase to $15 for a single coin. Suppose this pattern keeps repeating, and the XRP keeps gaining value, reaching $88 in 2023 and peaking at $1800 in 2024. Here is how this trend looks like:
Cryptorating XRP Price Prediction: down to $0.16 in 2021, up to $0.5 in 2024
As a long-term investment, XRP is evaluated as a solid asset, though holding it only for a year will not yield profit as XRP has been highly volatile recently. In two to three years, however, the volatility index is expected to calm down and the XRP price will steadily grow. Just don’t expect crazy returns:
XRP Price Prediction for 2025
WalletInvestor XRP Price Prediction: $0.0006
WalletInvestor is known to be quite bearish on altcoins. While that may be a hard pill to swallow, this perspective just presents an alternate outcome that should also be considered and may or may not come true.
With that in mind, we give you the algorithmically calculated forecast by WalletInvestor for Ripple’s XRP in the year 2025. The platform predicts an unbelievable 99% value loss by that time for the coin! Exactly five years from now, on average XRP will be changing hands for no more than $0.0006.
Crypterium XRP Price Prediction: $4.5
And now for something more positive and as likely. Ripple’s expansion into foreign markets, for example, Latin America or Europe, will boost adoption and price increase. With that in mind and taking into account the analysis of Crypterium, the level of $4.5 per XRP is forecast to be reached in five years.
XRP Price Prediction for 2030
Predicting even for five years ahead already means entering the ground of speculation. With the available data, it is still not reliable to project for ten years ahead, which is barely less than the lifetime of the entire crypto market. Some suggestions for how much XRP will be worth point at $17 or $20 or even $100. The difference in these predictions should give you an idea how long of a shot trying to guess the price of XRP in 2030 is.
XRP Price Prediction for 2050?!
Moontalk on Steemit suggests that if in the distant future XRP accounts for 50% of the world’s GDP, Ripple’s market cap would be $18.2 trillion and each XRP coin would be worth $182. As wild as this prediction is, it also illustrates what lengths should be achieved for a currency to shoot for the moon like that.
ChangeHero’s Prediction for XRP
XRP is a solid project, the destiny of which is dependent on Ripple, a proven disruptor but laden with controversy at the same time. Should Ripple’s efforts to promote XRP’s adoption result in a success, the currency has all the chance to become the first globally acknowledged crypto alternative to cash. And with that comes the capital and price increase, so a new ATH is a matter of time.
All XRP holders win in that scenario, and if you’re willing to join them in their Moon quest, get some XRP hassle-free on ChangeHero! The whole thing will take less than fifteen minutes.
This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.