Ripple XRP is one of the leading cryptocurrencies. Although the coin doesn’t aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple’s success. XRP is not just a cryptocurrency. Ripple was designed as a full-fledged payment infrastructure that can potentially replace SWIFT. The lawsuit with the SEC became one of the most important events that attracted the attention of the entire cryptocurrency industry.
Court hearings began in 2020 and ended only in July 2023. As a result, the court sided with XRP and did not recognize the token as a security, as the SEC sought. The court decision made Ripple fans extremely happy. Under the influence of a positive factor, the coin’s price increased by 100%. However, litigation continues to this day. The reason for the new trial was allegations that Ripple’s XRP sales to organizations constitute unregistered securities contracts. The results of the hearings will be known by the end of spring 2024.
This article analyzes the reasons for the coin’s growth and decline, future developments of the Ripple network, and analysts’ forecasts regarding XRP’s possible highs. Is XRP a good investment? What levels can XRP reach in the future?
The article covers the following subjects:
Highlights and Key Points
- XRPUSD: The XRPUSD pair is expected to form a downward correction [B] this week, according to the Elliott wave analysis. One can sell the asset with a take-profit order at 0.485.
- The current price of the Ripple cryptocurrency on 11.08.2024 is $0.59130.
- Experts predict significant growth of XRP by the end of 2024, reaching $0.75-$0.86.
- Most experts predict growth to $1 by mid-2025.
- Forecasts for 2026 to 2030 are mixed. Expected prices for 2026 range from $0.85 to $2.27. However, it is also anticipated that the price will be in the range of $0.15 to $0.40 by 2030. At the same time, a promising upward trend is predicted from 2026 to 2030, with prices rising from $0.68 in 2026 to approximately $3.50 by 2030.
- The forecasts highlight XRP’s high potential due to Ripple’s high technological level and its ability to develop a smart economy through the creation of digital assets and smart contracts.
What Is Ripple Crypto and the History of XRP? Ripple XRP overview
Ripple is a cryptocurrency company that has developed the RippleNet payment protocol, which can be compared to a payment system, a network for money transfers, or a currency exchange service. The protocol works with digital assets, fiat money and commodities.
RippleNet is a payment platform based on the XRP Ledger distributed ledger database. The RippleNet Cloud service is used to process RippleNet client payments through a single integration and Ripple Payment Object, a simplified version of a standard transaction on the Ripple network. This allows companies to scale with fewer problems while achieving greater standardization. It’s worth noting that the XRP Ledger has open-source code and is based on a ledger database rather than a blockchain.
XRP or Ripple is the internal currency of the protocol that runs on RippleNet. Financial institutions use it for fast transactions with low fees. Ripple peaked at $2.46 on 2018-01-09.
A Crash Course on Ripple XRP
XRP was created by Ryan Fugger who was the first person who announced the idea of Ripple. It was in 2004. However, Ripple was first released only in 2012 by Jed McCaleb and Chris Larson. That time it was not even Ripple but OpenCoin.
First, it was a startup project from San Francisco; the blockchain-like payment system was developed. It was created as an alternative to money transfers for the banking system, not as an opposition. Its popularity among financial institutions grew fast, and soon, the company announced interest from leading banks. It was expected as the system enforced low-fee fast transfers worldwide.
Banks apply the protocol to make cross-border transfers in real-time using the xCurrent software solution. At the same time, Ripple (XRP) is also available for investors and traders. Traders can do operations with the cryptocurrency via trading on crypto exchanges or with the help of brokers. Ripple continues to develop very dynamically. The company has had contacts at the highest political and financial levels for many years. Think of the World Bank, the ECB, the IMF, and the World Economic Forum. With rave recommendations and being praised from all sides – what could go wrong?
Keep reading to find out how the price of Ripple has changed over time and how much will Ripple be worth in the future.
How Has The Price Of XRP token Changed Over Time? Ripple and XRP Price History
It’s wrong to check Ripple XRP price prediction without looking back at XRP historical price movements. Only by answering the question of why XRP’s price is growing or falling it is possible to obtain a proper evaluation of the current situation.
The current XPR price today 11.08.2024 is $0.59130.
The price chart above shows how the XRP has been changing for several years. Ripple coin was stable from its launch in 2013 until early 2017. During this period, the XRP rate surged significantly for the first time, which was caused by a series of high-profile partnerships with such financial giants as MoneyGram, American Express, and Santander. As a result, the coin’s price was pushed beyond the $3 mark for the first and last time. This price has never been recorded again.
In 2018, XRP fell below $0.30, which was in line with the general situation in the cryptocurrency market. From 2018 to 2021, the entire cryptocurrency industry experienced its first long crypto “winter”. XRP bottomed in March 2020 at $0.11 amid a massive sell-off in cryptocurrencies and traditional securities due to the COVID-19 pandemic. Despite this, XRP soon began to rise again. However, the coin faced another blow in December when the Securities Exchange Commission filed a lawsuit against Ripple Labs. As a result of an ongoing lawsuit with the SEC, many exchanges delisted XRP, and the price returned to $0.17.
In 2021, Ripple growth resumed, but quotes failed to update all-time highs due to uncertainty associated with litigation. Ripple’s high that year reached 2 USD. At the same time, the forecast after the trial was optimistic. In 2022, a new wave of market decline caused average price of XRP to drop to $0.28.
Weekly Elliott wave Ripple analysis as of 05.08.2024
The XRPUSD market is forming a triple zigzag W-X-Y-XX-Z, with the first three parts completed and the second linking wave X developing as a complex triple zigzag [W]-[X]-[Y]-[X]-[Z]. The chart’s recent section shows the initial part of the second linking wave [X], shaping as a standard zigzag (A)-(B)-(C). Let’s take a closer look at the current situation on the lower time frame.
The impulse wave (A) is completed, consisting of five sub-waves 1-2-3-4-5. Currently, the price is correcting within the wave (B). Most likely, correction (B) will unfold as a standard zigzag A-B-C, according to the markup on the chart. The zigzag pattern will likely terminate near 0.485. The correction (B) will retrace 61.8% of the impulse wave (A). Against this backdrop, short trades can be opened.
Weekly XRPUSD trading plan:
Sell 0.542, TP 0.485
XRPUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.
Ripple XRP Price Prediction 2024 by Crypto Experts
Most analysts doubt that the XRP price will be able to reach the same highs as in 2018. How will the coin exchange rate change in 2024?
TradingBeasts
TradingBeasts offers a positive outlook for Ripple in 2024. Throughout 2024, the average exchange rate of the XRP/USD pair will move in the range of $0.81-0.82. The annual maximum is expected in December at $1.03. The minimum price will not fall below $0.69. Due to the significant difference between the extremes, the price will experience high volatility throughout the year.
WalletInvestor
WalletInvestor is quite positive about XRP’s future. By the end of the year, the price will reach $1. On the last day of 2024, the price may be $1.04. The minimum price will not fall below $0.20 during the year.
CryptoGround
CryptoGround‘s XRP forecast remains bullish. Despite a slight decline at the beginning of the year, the cryptocurrency rate is expected to reach $0.54 by 2025.
CoinPriceForecast
CoinPriceForecast analysts expect Ripple to start 2024 at $0.61, then rise to $0.65 within the first six months and end the year at $0.68.
LongForecast
Experts at The Economy Forecast Agency are bullish on Ripple in 2024. In April, the price of the coin will reach $0.59. The overall uptrend will lead the coin to reach $0.80 by the end of the year. The minimum price will be $0.69. Below is the XRP rate forecast for the rest of the year.
| Month | Open | Minimum-maximum | Close |
|---|---|---|---|
| July | 0,55 | 0,52 – 0,60 | 0,55 |
| August | 0,56 | 0,52 – 0,60 | 0,45 |
| September | 0,56 | 0,56 – 0,70 | 0,65 |
| October | 0,65 | 0,61 – 0,71 | 0,66 |
| November | 0,66 | 0,64 – 0,74 | 0,69 |
| December | 0,69 | 0,69 – 0,86 | 0,80 |
Ripple XRP Technical Analysis
XRPUSD is a cryptocurrency that emerged in the market in 2013. Thanks to this, we have access to data for a long period of time, which allows for a more accurate technical analysis.
It is also recommended to use the following tools:
Ripple price analysis for 3 months
Let’s take a closer look at how the instrument’s rate has changed throughout its history. At the start, the price was only $0.01. Ripple traded at this level until 2017, when investor interest sparked a sharp increase in the XRP exchange rate. The high level of demand for the coin continues to this day.
Over a one-year period, starting from January 2023, the price updated its highs and lows many times. Ripple reached the support line many times and then rose again.
Currently, the RSI indicator is at level 52. An uptrend is developing. This indicates that the price is moving towards overbought conditions. The SMA indicator shows that the price is above the line, which also indicates an uptrend. All these factors together provide a buy signal.
What will Ripple price be in 2024 according to technical analysis?
Based on technical analysis, the XRP rate could gradually increase in 2024, followed by subsequent corrections. The coin will be between $0.56 and $0.68. Be sure to monitor news regarding Ripple, and do not forget to set Stop-Loss orders.
The chart above shows a significant price spike followed by a correction. Investors still believe in XRP’s growth as the accumulation continues to increase. XRP has now broken out the psychological resistance level, possibly due to increased accumulation.
According to the bullish price forecast, XRP is expected to trade between $0.56 and $0.74 in 2024. The bearish price forecast indicates that XRP could fall to $0.41. If the accumulation continues, XRP will be able to overcome $1.
| Month | XRPUSD price forecast | |
|---|---|---|
| Minimum, $ | Maximum, $ | |
| July 2024 | 0,5769 | 0,7061 |
| August 2024 | 0,5831 | 0,7125 |
| September 2024 | 0,5888 | 0,7199 |
| October 2024 | 0,5948 | 0,7264 |
| November 2024 | 0,6008 | 0,7342 |
| December 2024 | 0,6065 | 0,7390 |
Long-term trading plan for Ripple (XRP)
Let’s make up a long-term Ripple trading plan based on historical data analysis above. It will consist of several stages with possible adjustments, depending on new data or conditions. For example, changes in investors’ confidence in crypto assets, possible sanctions from international agencies combating financial crime, and so on.
The three-month plan has a positive outlook because investors have returned to Ripple after a long period of coin stagnation.
- At the moment, the price is at a suitable level to open a long position with subsequent additional purchases if the price drops to the level of $0.53 or even lower. It is recommended to take profit at $0.72.
- It is advisable to monitor news about the legal proceedings with the SEC. In a positive scenario, the price will rise rapidly and break through the resistance line of $0.72.
- In mid-April 2024, the BTC halving is planned, which could lead to an increase in the prices of other instruments.
XRP Coin Price Prediction for 2025 by Crypto Experts
Ripple is still going through difficult times. Until the trial with the SEC is completed, the coin rate will fluctuate. Below are the opinions of leading cryptocurrency experts on the value of Ripple in 2025.
TradingBeasts
TradingBeasts provided a positive forecast for the XRP price for 2025. The instrument is expected to start the year at $0.69. By December, its average projected value will rise to $0.83. The coin will likely be quite volatile throughout the year. No sharp growth is predicted, but a steady uptrend is always a positive factor for investors.
Wallet Investor
Wallet Investor‘s forecast regarding the price of Ripple is quite contradictory. Experts suggest that the coin’s price will reach $0.90 in 2025. By the end of the year, the XRP rate will return to $0.59, with a maximum price of $0.96. At the same time, volatility will be quite high. The price low will be around $0.11.
Crypto Ground
Crypto Ground analysts expect an increase in the Ripple rate. They predict a bullish trend for 2025. No significant drops are expected. At the beginning of the year, the uptrend will develop moderately, but by the end of 2025 the price should reach $1.02.
Coin Price Forecast
Coin Price Forecast experts predict an uptrend for Ripple in 2025. By the middle of the year, the price is expected to reach $0.79. In the second half of the year, the XRP price should reach $0.84.
Long Forecast
Long Forecast provided a bullish forecast for Ripple in 2025. The price of XRP is expected to reach $1.30 during this year. The price will reach the maximum of $1.39 in October.
| Month | Open | Min-Max | Close |
|---|---|---|---|
| January | 0,80 | 0,76 – 0,88 | 0,82 |
| February | 0,82 | 0,82 – 0,96 | 0,90 |
| March | 0,90 | 0,86 – 1,00 | 0,93 |
| April | 0,93 | 0,93 – 1,16 | 1,08 |
| May | 1,08 | 1,02 – 1,18 | 1,10 |
| June | 1,10 | 1,10 – 1,37 | 1,28 |
| July | 1,28 | 1,24 – 1,42 | 1,33 |
| August | 1,33 | 1,08 – 1,33 | 1,16 |
| September | 1,16 | 1,04 – 1,20 | 1,12 |
| October | 1,12 | 1,12 – 1,39 | 1,30 |
| November | 1,30 | 1,04 – 1,30 | 1,12 |
| December | 1,12 | 1,12 – 1,37 | 1,28 |
Long-Term Ripple Price Prediction: 2026-2030
Many traders and investors are wondering what the Ripple rate will be in 3-7 years? But making reliable long-term forecasts is a very difficult task. You never know what will happen to the price tomorrow, not to mention in 5-10 years.
To understand cryptoindustry well, follow updates about future projects, community news, and so on. For example, Ripple Labs CEO Brad Garlinghouse said that by 2025 the company will become the Amazon of the cryptocurrency industry.
TradingBeasts
TradingBeasts analysts provided a forecast only until 2028. The average price of XRP is expected to rise from 2024 and remain above $0.83 throughout the year. The maximum price will rise to $1.08 in December 2028. The minimum price may be below $0.70 until March 2025.
Wallet Investor
Analysts at Wallet Investor expect the average price of XRP to remain around $0.42 throughout 2025. But there is a chance that by the end of December the maximum price will reach $0.96. At the same time, it is unlikely that Ripple will trade in a stable uptrend in 2026 and subsequent years. Analysts believe the price will range from 0.00001 to 1.21, indicating a global downtrend.
Crypto Ground
Crypto Ground experts have revised their forecasts. Previously, they expected that in 2025 the price of Ripple would exceed $3. However, now the portal’s analysts do not expect the price of XRP to be higher than $2.50 even by 2029. However, this does not mean that their outlook is negative. The XRP price will continue to rise throughout 2026, 2027, 2028 and 2029. The coin will cross the $2 threshold in 2028. By the end of 2029, the price will be around $2.27.
Long Forecast
The Economy Forecast Agency provided a forecast for Ripple until 2028. According to agency analysts, a stable bearish trend will begin at the end of 2025. XRP will fall from $1.37 to $1.00 on the last day of December. In February 2027, the rate will fall to $0.47.
Coin Price Forecast
The Coin Price Forecast forecast looks realistic, but not too optimistic. At the beginning of 2026, the price of XRP should rise from $0.84 to $0.99 within the first six months. The price at the end of the year will be $0.95. Over the course of six years, the price will rise and fall.
Such long-term forecasts are very approximate since XRP is one of the most volatile crypto assets.
Long-Term XRP Ripple Price Forecast 2030 – 2050
Cryptocurrency XRP will become part of everyday life with the growth of digitization, and for most people, paying for products with digital money will become commonplace. If Ripple continues to implement its technology in the banking sphere, it will be able to surpass SWIFT. As a result, the price of XRP will increase tenfold. Therefore, investors and traders need to monitor the development of fundamental projects like Ripple.
XRP Prediction for the Next 10 Years
The crypto market has a very promising future. New coins appear every day and disappear just as quickly. This market is young and unknown. There are no limits to its growth. Nevertheless, the approximate ranges in which this market will develop are given below.
XRP Rate Prediction for 2030
After a period of bullish growth, XRP, like many altcoins, may begin to show signs of consolidation and trade sideways for some time with minor spikes. Therefore, by the end of 2030, XRP could reach $3.80.
XRP Rate Prediction for 2040
According to the long-term forecast for XRP, the altcoin will reach a new all-time high. This will be a significant event as XRP holders will be able to sell some of their tokens. However, XRP may see a slight decline before resuming its uptrend. By 2040, the average price of XRP could reach $33.
XRP Rate Prediction for 2050
By 2050, cryptocurrencies may become recognized global assets. With more traders and investors waiting for favorable conditions, a bullish trend may begin and the price will reach new all-time highs during this period. According to this forecast, XRP will reach $60 if it breaks through all expected resistance levels.
Is Ripple a Good Investment?
Let’s find out if you should buy XRP. Is Ripple a Good Investment? These are important questions for investors. The risks of tighter regulation will have a major impact on the cryptocurrency market in 2025. Control is increasing due to the active development of digital currencies, as well as their use by central banks and financial institutions. Regulation over cash flows is increasing, and authorities will resist the growing influence of cryptocurrencies. This factor will be even more significant than in 2017-2018. The development of DeFi is another risk for Ripple.
The events of 2021 and early 2022 have confirmed that XRP/USD still has major trading characteristics due to the overall negative dynamics of the cryptocurrency market. However, the pair has good trading volumes and volatility. Ripple has shown that it can triple its value if there are enough XRP buyers. After a short time, the price may fall to minimum levels. This performance should attract aggressive traders.
Most experts expect the value of XRP to increase if the legal dispute with the SEC is finally resolved in favor of the company.
| Year | Middle of the year | End of the year |
|---|---|---|
| 2024 | 0,64 | 0,67 |
| 2025 | 0,79 | 0,84 |
| 2026 | 0,99 | 0,95 |
| 2027 | 1,07 | 1,07 |
| 2028 | 1,11 | 1,21 |
| 2029 | 1,11 | 1,19 |
| 2030 | 1,27 | 1,35 |
| 2031 | 1,43 | 1,51 |
| 2032 | 1,59 | 1,67 |
Source: Coin Price Forecast
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FAQs on Ripple Price Prediction
Price chart of XRPUSD in real time mode
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