- Bullish XRP price prediction for 2023 is $0.9393 to $1.3611.
- XRP (XRP) price might reach $2 soon.
- Bearish XRP price prediction for 2023 is $0.4108.
In this XRP (XRP) price prediction 2023, 2024-2030, we will analyze the price patterns of XRP by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
XRP (XRP) PRICE PREDICTION 2023 |
|
| XRP (XRP) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
XRP Current Market Status
| Current Price | $0.6877 | 24 – Hour Price Change | 0.84% Down |
| 24 – Hour Trading Volume | $1,167,590,284 |
| Market Cap | $36,248,876,638 |
| Circulating Supply | 52,693,851,493 XRP | All – Time High | $3.84 (On Jan 04, 2018) |
| All – Time Low | $0.002802 (On Jul 07, 2014) |
(Source: CoinMarketCap)
What is XRP (XRP)
| TICKER | XRP |
| BLOCKCHAIN | XRP |
| CATEGORY | Web3 |
| LAUNCHED ON | June 2012 |
| UTILITIES | Governance, security, gas fees & rewards |
Ripple (XRP) is the native crypto of the XRP Ledger (XRPL). XRPL is an open-source public blockchain launched in 2011 by Ripple, a blockchain-based payment system. XRP is used as a transaction fee on the native network and a potential payment and investment option.
Ripple captivated the interest of investors with its distinct consensus protocol. It functions based on a federated consensus mechanism to validate transactions. The network allows any user to use the validation software and verify transactions according to their “unique node lists”. Thus, transactions are validated onto the ledger within 4-5 seconds at lower costs.
XRP 24H Technicals
(Source: TradingView)
XRP (XRP) Price Prediction 2023
XRP (XRP) ranks 4th on CoinMarketCap in terms of its market capitalization. The overview of the XRP price prediction for 2023 is explained below with a daily time frame.
XRP/USDT Ascending Channel Pattern (Source: TradingView)
In the above chart, XRP (XRP) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
At the time of analysis, the price of XRP (XRP) was recorded at $0.6877. If the pattern trend continues, then the price of XRP might reach the resistance levels of $0.9427, $1.3663, and $2.7750. If the trend reverses, then the price of XRP may fall to the support of $0.4538, and $0.3275.
XRP (XRP) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of XRP (XRP) in 2023.
XRP/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of XRP (XRP) for 2023.
| Resistance Level 1 | $0.9393 |
| Resistance Level 2 | $1.3611 |
| Support Level 1 | $0.5860 |
| Support Level 2 | $0.4108 |
XRP Resistance & Support Levels
XRP (XRP) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (XRP) are shown in the chart below.
XRP/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current XRP (XRP) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.5914Price = $0.7031 (50MA< Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 55.73 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
XRP (XRP) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of XRP (XRP) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
XRP/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of XRP (XRP).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 51.1081 | strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 43.33 <50 = Low | Low volatility |
Comparison of XRP with BTC, ETH
Let us now compare the price movements of XRP (XRP) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs XRP Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of XRP is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XRP also increases or decreases respectively.
XRP (XRP) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of XRP (XRP) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| XRP (XRP) Price Prediction 2024 | $2.8 | $0.6 |
| XRP (XRP) Price Prediction 2025 | $3.4 | $0.9 |
| XRP (XRP) Price Prediction 2026 | $4.1 | $1 |
| XRP (XRP) Price Prediction 2027 | $5 | $1.2 |
| XRP (XRP) Price Prediction 2028 | $5.7 | $1.5 |
| XRP (XRP) Price Prediction 2029 | $6.9 | $1.6 |
| XRP (XRP) Price Prediction 2030 | $7.5 | $1.9 |
Conclusion
If XRP (XRP) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish XRP (XRP) price prediction for 2023 is $1.3611. Comparatively, if unfavorable sentiment is triggered, the bearish XRP (XRP) price prediction for 2023 is $0.4108.
If the market momentum and investors’ sentiment positively elevates, then XRP (XRP) might hit $2. Furthermore, with future upgrades and advancements in the XRP ecosystem, XRP might surpass its current all-time high (ATH) of $$3.84 and mark its new ATH.
FAQ
1. What is XRP (XRP)?
XRP (XRP) is the native cryptocurrency of XRP. XRP is a smart contract-based blockchain operating on the proof-of-stake (PoS) consensus launched in 2017.
2. Where can you purchase XRP (XRP)?
XRP (XRP) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, KuCoin, Bitfinex and OKX.
3. Will XRP (XRP) reach a new ATH soon?
With the ongoing developments and upgrades within the XRP Platform, XRP has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of XRP (XRP)?
On Jan 04, 2018, XRP (XRP) reached its new all-time high (ATH) of $3.84.
5. What is the lowest price of XRP (XRP)?
According to CoinMarketCap, XRP hit its all-time low (ATL) of $0.002802, On Jul 07, 2014.
6. Will XRP (XRP) reach $2?
If XRP (XRP) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be XRP (XRP) price by 2024?
XRP (XRP) price is expected to reach $2.8 by 2024.
8. What will be XRP (XRP) price by 2025?
XRP (XRP) price is expected to reach $3.4 by 2025.
9. What will be XRP (XRP) price by 2026?
XRP (XRP) price is expected to reach $4.1 by 2026.
10. What will be XRP (XRP) price by 2027?
XRP (XRP) price is expected to reach $5 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/xrp-xrp-price-prediction/