What is Ripple (XRP) ? Price Prediction, Bull-Pull To $1 in 2021? Future Plans

Digital currencies are gaining in popularity day by day in recent years. XRP (Ripple) is one of the four cryptocurrency leaders, along with Bitcoin, Ethereum, and Tether. 

The magnificent rally that led the price jump close to $2 made the asset one of the top 3 cryptos with more than an $88 billion market cap. The token began a bullish rally earlier in 2021, but now is all stuck sinking down from $1. Will it survive the downside pressure? What will be the Ripple Price prediction for 2021 and beyond?

What is Ripple (XRP) ? Price Prediction

Ripple (XRP) Overview

Cryptocurrency Ripple
Token XRP
Price $0.6554
Market capitalization $30,152,712,938.23  
All Time High $3.84  Jan 04, 2018
All Time Low $0.002802  Jul 07, 2014
Circulating supply 46,146,927,647 XRP
Total Supply 99,990,358,414 XRP
Average ROI 11024.01%

What Is Ripple (XRP)?

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

How Does XRP Work?

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.

RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.

How Do You Buy XRP?

You can buy XRP on any exchange that offers the digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Remember to do your own research before choosing an exchange!

How Do You Store XRP?

You can either store your XRP on an exchange, where the exchange is responsible for the safety of your asset, or store your XRP in a cold or hot wallet.

Fundamental Analysis

XRP owes resolve several issues faced when using bitcoin like low speed and huge transaction fee.The transaction speed of ripple is only around 4 seconds and around 1,500 transactions can be handled hassle-free per second.

Ripple Labs created 100 billion XRP tokens initially that operate independently from Ripple. There are more than 30 exchangesfor XRP and the most popular ones are Binance and Upbit. Ripple is exchangeable easily for any other currency in the market, because of its special selling proposition.

Thus, Ripple (XRP) is the currency that runs on RippleNet, a digital payment network, which is on top of the XRP Ledger distributed database. The XRP Ledger is open source and is based on distributed ledger technology.

Ripple has some outstanding collaborations that have always been a prudent reason for the network’s developments. Some remarkable partnerships that RippleNet made this year are those with Amazon, expanding card payments options and NBE, the largest Egyptian Bank! The network has p[atnerned with more than a 100 financial institutions around the world, from its advent. 

XRP Price Prediction For 2021

The price jumped from $0.2 to more than $0.5 in February and traded above $0.4 until a huge spike rallied the price close to $1 in April. Later, the price eventually crossed $1 and reached the yearly highs at $1.9. When the market crashed on May 19, the XRP price flipped to $1.06 from $1.59. After this, the price tripped from $1.

The price of XRP skyrocketed in 2021, despite the legal battle against the SEC and Ripple’s CEO. Although, there has been some good news to XRP HODLers as there were rumors’ of the case against XRP being weak. XRP has made significant gains and remains bullish, matching the sentiments of investors. As per the XRP price patterns, analysts expect collaborations with financial institutions could drive the altcoin price.

xrp price chart

Analysing the weekly chart of XRP, here you can see the cup and handle pattern being formed with a support level at $0.583. With reduction in the downside pressures, XRP is set off into an ascending channel. The price is expected to be on positive cards to $1 if the pattern hails and, with resistance at $0.65 disrupt! 

By the end of 2021, being a fast and less costly cryptocurrency, XRP can easily grab many investors. Thereby the price might hit the $1.443 mark with a bullish market. 

On the contrary, the pre-mined XRP supply can flip the price down. In such a case, if a bearish trend outperforms the bull, the price may decline for a short term, estimated to decline near $0.561 and may recover within a small time frame. 

However, if it maintains the current market dominance of 2.14%, it may be seen trading at $1.005, by the year-end.

Also read: Cardano Price Prediction, Updates to make ADA Hit $10?

XRP Price Prediction 2022

If XRP closes this year hitting the lows, then it might resume next year’s trade with a bearish note. In that case, the XRP price starting January may be near $0.607

On the other hand, if 2021 hits new highs and closes, it might continue the same trend and commence 2022 with a bullish trend. If this happens, the XRP price may be at $1.481.

The Ripple-SEC lawsuit is expected to carry out till 2022 and moreover, the outcome is expected to come out in favour of Ripple. In such a scenario, the XRP price is expected to propel at a higher pace. And therefore, the price may hit near $1.868.

However, if XRP finds it hard to survive the cryptocurrency regulators in countries like the US, the price might collapse and fall to $0.997. On the other hand, if XRP manages to survive all odds, like the ban or criticism regarding the network and bring improvements, it may be exchanged for $1.546.

XRP Price Prediction 2025

Ripple is also expected to work with more European and Latin American banks who will further promote both XRP and Ripple payment technology. Such advances could lead to significant price changes in the token price of the XRP. This can draw further investors and cause the XRP price to race to a $3.871 mark by the end of the next five years.

 If the market is subjected to a crash any time in the next five years as it did, the price can reduce to approximately 50% and see its low at $1.513.

However, if Ripple manages to carry over the persisting investors by maintaining a steady network and tops as a cheap exchange medium, then by the end of next five years, the price may be seen at an average figure of $2.742.

What Does the Market Say?

Digitalcoinprice

A website for crypto prediction, Digitalcoinprice.com, have revised their Ripple Price prediction that XRP will hit $1.00 by the end of 2021. Currently, they predict that by 2022, the price might be $1.24, which is twice its current price.

Trading Beasts

An ambitious outlook for 2021 has been made by Trading Beasts has changed their forecast of the price to hit $1.112 with a jump of 36.58% by the end of the year.

Primexbt

An extreme bullish prediction is rolled out by Primexbt as they hope the price would hit $4 by the end of 2021 and reach $22 by the end of 2022. Interestingly, the platform predicts the price to stumble in 2023, crashing to $9 and bouncing back to $50  by 2024-25.

Walletinvestor

According to Walletinvestor, their altered price forecast states that XRP price might surge gradually and hit $1.785 in the coming year. They suggest XRP be a profitable investment and quote +55.24% as the long term earning potential in one year.

Coinswitch

Coinswitchs’ analysts the price may hit $2 by the end of 2021 which may go as high as $4.52 by the end of 2025.

EXPERT’S CORNER | What Experts Say About XRP?

Know Our XRP Predictions

Ripplenet, the cross-border payment platform is expected to expand to many other nations in the coming days. Moreover, XRP has a better institutional market as it marks collaborations with multiple financial institutions and banks like AxisYes BankNBE, and many more! According to Coinpedia’s formulated XRP Price Prediction, with such positive market sentiments, XRP price may get a huge boost and it may hit $1.44 by the end of 2021.

On the flip side, the Lawsuit may drive a negative impact among the traders, if the case is held back till the next year. If this happens, Ripple will lose a huge sector of its investors and the price might drop to $0.56.

Year  Potential High  Potential Low 
2021  $1.443 $0.561
2022 $1.868 $0.997
2025 $3.871 $1.513

Also Read: Ethereum price prediction, A Whoop $10000 for ETH?

Historic Market Sentiments

2017

The coin entered the market at a cost of $0.0058, the price for many years kept the same. In March-April 2017, the first price jump occurred. The coin soared to $0.03 within a few months. The growth was rapidly followed by a further market pump in May to $0.2.

The explanation for such a quick uptake was the news that Ripple’s network joined Bank of Tokyo-Mitsubishi. The Bank of Tokyo is the third-largest bank in the entire world.

The XRP price, with some pumps here and there, fluctuated between $0.18 and $0.3 throughout 2017. The new XRP ‘rally’ began with BTC‘s growth in December 2017. Bitcoin and cryptocurrency markets witnessed a positive trend with huge price growth at that period. 

2018

As a result of the previous year’s development, the crypto-currency hit $1 per coin and over $3 in January 2018. In February, the coin fell to $0.07 and re-pumped to $1 per XRP. The currency kept its price position for one month and then continued to decline. It got to $0.5 again in April due to Bitcoin which managed to overcome the $8000 mark. The coin then began to decline steadily and hit $0.26.

In September, Ripple announced the release of xRapid, a forum for payment services and financial institutions. XRP quotes began to climb in the midst of the announcement and the asset even managed to briefly shift Ethereum from the second position on the CoinMarketCap list at some point, showing more than 100 % growth.

The digital coin traded between $0.5 and $0.39 until November and then plummeted to $0.28 in December 2018. The XRP average was roughly $0.3 for almost half a year.

2019

 The price remained almost constant throughout the year with considerable and small spikes. The price was still at $0.28 for the first few months of 2019. Then it saw a steady increase to $0.3 It further plunged to a greater extent and was closed at $0.19 on December 31, 2019.The price failed to sustain above $0.2 levels and eventually dropped down to close the yearly trade at $0.19.

2020

The XRP price which began trading around $0.23 spiked above $0.3 for a very short duration and plunged back below $2. The price traded within $2 till the end of November as the volumes were very low. By the start of December, the volumes soared like never before that rallied the price to $0.6, woefully plunged back to $0.2 to close the yearly trade.

Source: Coinpedia, Coinmarketcap

FAQ

Can you mine XRP?

No, XRP cannot be mined as the individuals who can generate XRP are the ones who can release them.

Will XRP Price Hit $10?

XRP Price is predicted to grow in value and could reach the price of $5 according to experts. The Altcoin, in particular, is predicted to grow in value. It is estimated that the crypto could reach the value of $10 in a period of seven years, according to some experts and market analysts.

How much will XRP worth in 2021?

XRP might reach $1.00 by 2021.

What will Ripple be worth in 2025?

Ripple might grow higher in value by 2025 and might trade at $3.87

Disclaimer: No information in this article should be interpreted as investment advice. Coinpedia encourages all users to do their own research before investing in cryptocurrencies.

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