The XRP coin is used to facilitate transactions on the Ripple protocol. Across the crypto market, the Ripple network is widely known as the cryptocurrency specifically designed for actual banks. It is essentially a money transfer network that aims to serve the needs of financial service institutions. Given its revolutionary business model, the XRP coin price has grown to significant heights in the years since its inception. The market has a very optimistic XRP price prediction 2025, 2028, and beyond–with the majority expecting the XRP price to pop to a range of $1.39 to $1.50 within three years.
How much will XRP’s price be within the next few years? Let’s take a look at some of the latest price predictions found made by experts.
XRP Price Prediction
The CEO of Ripple itself has boldly stated that the Ripple Network will become the Amazon of cryptocurrencies come 2025. This bullish outlook set the tone for the experts’ Ripple price prediction in the foreseeable future.
Investing Cube said the price action of XRP will be heavily impacted by its fundamentals. Considering the promising future the Ripple payment network has, Investing Cube’s XRP price forecast for 2025 is $1.39. On top of this, it also expects the average price of XRP to rise to $2.70 by 2030.
The Economic Times
The Economic Times definitely thinks Ripple’s price could explode in the coming years.
XRP Price Prediction 2022: The website’s XRP price prediction is a continued upward trajectory towards a maximum price of $1.80. It also has a more conservative Ripple price prediction for 2022, which is a muted ascent to $1.19.
XRP Price Prediction 2023: The Ripple price forecast for 2023 is $4.00 in the most bullish scenario. This takes into account larger institutional support from the Ripple ecosystem’s growing partnerships.
XRP Price Prediction 2025: The Economic Times’ XRP price target for 2025 is $8.00.
Coin Quora seems to have one of the most bullish price predictions out of all the experts online.
XRP Price Prediction 2022: The website’s XRP Price Prediction 2022 is ultimately bullish. Coin Quora thinks XRP could even surpass its previous highest price of $3.84 by the end of the year.
XRP Price Prediction 2023: XRP is forecasted to reach a maximum price of $5.00 by the end of 2023. On top of this, Coin Quora also expects that XRP price will hit $7.00 by the first half of 2023 before subsequently posting a slowdown.
XRP Price Prediction 2024: The price forecast for XRP in 2024 is an average price of $10.00.
XRP Price Prediction 2025: Coin Quora’s XRP coin price forecast for 2025 is $15.00.
Cheeky Crypto’s latest video on XRP details the coin’s potential for a crash and subsequent bounce. He expects XRP to drop to around $0.80 which could allow for a double bottom pattern that makes more room for upturn. His near term approximate price prediction is $0.85.
While these experts’ XRP price analyses are all very bullish, there are a lot of other factors that could impact the average value of XRP. An accurate Ripple price prediction takes into account as many factors as possible, not just its historical price, technical indicators, and market sentiment. Fundamentals also weigh heavily on how XRP is perceived. Here are the latest news and updates about the Ripple transaction protocol that could have made an impact on the digital currency.
XRP Latest Updates
Ripple XRP and CIBC
The Ripple blockchain technology is already being used by CIBC, the top bank of Canada, for cross-border payments. The said global financial institution has about 11 million business and personal banking clients. This is all in line with Ripple’s goal of achieving global coverage through its flagship product–the ODL or On-Demand Liquidity.
Goldman Sachs on Ripple
A report by Goldman Sach’s Investment Banking Division noted Ripple as an opportunity in the payments software. Goldman Sachs highlights the network’s RippleNet, which is already available in more than 55 countries across six continents. The research report also mentioned that RippleNet makes it easy to connect and transact across a robust network of financial institutions.
XRP Powers SWIFT Alternative
Nium launched a new brokerage payments solution that offers a faster and more cost-effective way to settle transactions. This service is offered to select U.S. brokerages and leverages on the Ripple blockchain network. Nium said it can lower the settlement costs by as much as 90% for international brokerage transactions compared to the more widely-used SWIFT International Payments Network.
XRP Technical Analysis
FXStreet’s latest technical analysis for XRP’s price movement is only slightly bullish. The website noted that XRP recently whipsawed in trading and formed a naturally bearish candlestick that could have enticed some short sellers to open new positions. FXStreet also made use of the Ichimoku Kinko Hyo system in tandem with the Tenkan-Sen. XRP’s recent move higher brought its price very close to the Tenkan-Sen indicator. As a result, there looks to be little to no resistance that could hinder XRP from reaching the $1.00 area. In addition to this, downside risks will likely be limited to the $0.70 to $0.75 support ranges.
XRP Price History
Ripple’s price opened at $0.8898 upon its initial coin offering. During the same launch day, XRP popped and reached a high of $1.50–more than double its ICO price. From then until the fourth quarter of 2020, it cooled down between a very tight range. Afterwards, its price spiked once again and reached an all-time high of $1.96689 during the May 2021 crypto market bull run. It closed 2021 lower at $0.8297.
Ripple Price Today
As of writing, XRP’s current price is $0.8163. It has a total supply of 99,989,656,524 coins and a maximum circulating supply of 100,000,000,000 coins. This implies a market capitalisation of $39.28 billion.
Celebrities Who Embraced Ripple
Ashton Kutcher is not only a famous Hollywood celebrity, but he is also a successful venture capitalist. In 2018, Kutcher announced on The Ellen Show that he–along with his business partner Guy Oseary–donated $4 million worth of XRP to Ellen DeGeneres and her wildlife charity fund.
The 42nd president of the United States Bill Clinton was a keynote speaker at Ripple’s Swell conference in San Francisco. During the conference, he expressed his support for Ripple and said that the DLT has staggering possibilities, especially considering it has no reliance on national borders.
How Does Ripple XRP work?
Ripple is basically a blockchain-based digital payment system and protocol. The XRP is its own native cryptocurrency. What sets Ripple apart from other cryptocurrencies is the fact that it uses less energy than Bitcoin. The transactions also cost very little and are confirmed within seconds.
Majority of the market is very optimistic about the prospects of XRP. Some believe it to be a very good investment, considering the potential of its payments system as the top-notch cryptocurrency for actual financial institutions. Even celebrities have taken an interest in Ripple. As a result, experts forecast the XRP price to pop to a range of $1.39 to $1.50 within just three years.
This article should not be considered investment advice. This is solely for educational and entertainment purposes only. We will not be reliable for any potential losses. The cryptocurrency market is very volatile. Losing money rapidly is a possibility and could even lead to you losing your entire capital. This is why you should only invest what you can afford to lose.
Also note that the prices quoted in this article may not necessarily reflect the prevailing market prices for XRP, since crypto trading runs 24/7.