XRP Price Prediction 2022-2030 [After Lawsuit]

The controversial CoinMarketCap quiz which named “XRP as the “impostor coin” had its naysayers and applauders. According to CoinMarketCap, this is because XRP is “controlled and governed by authorities, hence defeating the purpose of #cryptocurrency. All the other coins in this [list] are decentralized and are basically “people’s crypto”. Some say this description is accurate.

CoinMarketCap’s tweet that Ripple’s XRP was not a true cryptocurrency but an impostor did not go down well with many observers, particularly the Ripple community. CMC had to eventually delete the controversial tweet. But the tweet had been up long enough for responses from members of the XRP community.

XRP price may have been negatively impacted by the CMC quiz and follow-up comment. From $0.63 early Saturday, XRP price went down to $0.59, dropping from a market capitalization of $30.1billion to $28.1billion, thus shedding off up to $200 million.

Ripple is already grappling with its unending suit with the SEC and putting XRP in the spotlight as an “impostor” does not help their situation especially when the market is jittery with falling prices and restrictions by exchanges.

Today’s XRP price is $0.318450 USD with a 24-hour trading volume of $1,951,785,607. XRP is up 4.42% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $15,394,871,209. It has a circulating supply of 48,343,101,197 XRP coins and a max. supply of 100,000,000,000 XRP coins.

As with a good man, you cannot keep putting a good coin down. That’s saying a downturn exposes those who had been taking on excessive risk when times were good. 

It’s only when the tide goes out that you know who’s been swimming naked.

Warren Buffett

Also Read:
• XRP Wallet: Should You Get One?
• How And Where To Buy XRP: Is It Legit?

Although the bearish activity is on the go, the live XRP price today is $0.692855 USD with a 24-hour trading volume of $3,725,885,813 USD. XRP is up 9.15% in the last 24 hours. Support may appear at a $0.618 support handle.

Could it be because Elon Musk has now joined Ripple and charged straight into the United States Securities and Exchange Commission (SEC)? Elon Musk believes SEC is attempting to regulate cryptocurrencies and that it has crossed its jurisdiction and needs to be stopped.

A notable development as a turnkey solution for financial institutions, Ripple Liquidity Hub will leverage smart order routing to source digital assets at optimized prices from market makers, exchanges, and OTC desks.  As a crypto liquidity platform built for the enterprise, it will unleash the potential to access deep liquidity within markets, accelerating the shift to crypto.

Ripple Liquidity Hub will initially support BTC, ETH, LTC, ETC, BCH, and XRP (availability will vary by geography) with plans to add additional digital assets over time. In the future, Ripple plans to add functionality such as staking and yield-generating functionalities.

What’s XRP?

In the world of cryptocurrencies, XRP is quite different. It is decentralized, but not as much as Bitcoin, Ethereum, and the like. Unlike them, it doesn’t seek to be an alternative to the traditional banking system but rather to collaborate and improve the conventional banking system. Nonetheless, it is a cryptocurrency that could outlast others due to its many distinctive features and landmark developments.

The top cryptocurrency exchanges for trading in XRP stock are currently Binance, Mandala Exchange, OKEx, CoinTiger, and FTX. 

The XRP price has been consolidating in a sideways channel since the crypto market crash in May 2021. The price has been consolidating between $0.56 and $1.39.  The trend is currently neutral; however, it might retest the 0.618 Fibonacci level around $0.89 before moving to the upside. The Stochastic RSI for the daily time frame is also at the bottom (18), thus there is a huge potential to the upside as far as there is no negative news in the crypto space.

Also, there is a flat volume. This indicates that the supply from sellers and the demand from buyers are in equilibrium.

SEC vs Ripple: XRP Price Prediction after Lawsuit

The lawsuit against Ripple has been the major hindrance to the price surge during this bull market. Even though the Securities and Exchange Commission (SEC) does not consider Ethereum and Bitcoin which have similar characteristics with XRP to be securities, the SEC has continued to be harsh towards  Ripple Labs, Inc.

The XRP price fell by 70% immediately after the suit was filed, and has never been able to break its previous all-time high of $3. XRP holders have been affected as major crypto exchanges like Coinbase and Crypto.com suspended trading so they couldn’t cash out. JP Morgan’s North America Equity Research also published a report earlier this month stating that the XRP asset is poised for significant adoption.

Ripple partners with the Republic of Palau

Despite the issues, XRP is dealing with in the U.S. It has accomplished several strategic partnerships. XRP has partnered with the Republic of Palau to develop its national digital currency. The national stable coin would be utilizing the XRP ledger due to its carbon-neutral and energy-efficient characteristics stated by Ripple in its announcement.

Just like El Salvador, the Republic of Palau does not have its fiat currency and depends highly on the U.S dollar. The aim of the partnership is for ripple to develop a strategic cross-border payment system by banking the unbanked citizens of Palau.

SEC vs Ripple Case will ‘likely’ end in 2022, says Ripple CEO

The CEO stated during his interview in CNBC that the lawsuit with the Securities and Exchange Commission (SEC) is nearing its end. Brad Garlinghouse believes that the judges have realized that the case has broader implications than XRP and they are beginning to ask good questions. XRP holders also filed “friends of the court” briefs to allow them to join the case as defendants to support Ripple. However, the judge ruled that individual XRP holders cannot act as defendants in the ongoing lawsuit.

XRP Distinctive Features

Ripple has been in existence for a while. It was created back in 2004 as RipplePay, but the case of its innovation came too early for its time, as it made no significant mark then. However, it returned in 2012 as Ripple and soon after launched the XRP token.

Ripple XRP is unlike any other cryptocurrency. XRP is a product of Ripple Labs and it differs on many levels, and this includes:

Ripple is not blockchain-based

Unlike most of the cryptocurrencies in existence, the coin does not operate on blockchain technology. Instead, it is based on the Ripple Protocol Technology, which means it has no use for a distributed ledger database. This uses gateways linked to servers of the company in multiple countries of the world to verify and process transactions.

XRP cannot be mined

While the mining process is considered an integral part of all tokens, it is not the same for XRP. The limit for XRP coins is set at 100 billion coins created by the company. Over 35% of that coin has been released into the market. The rest is held by the company that releases it periodically to control the supply and circulation of the token. The cryptocurrency is a deflationary one as the number of coins in the market reduces with each transaction.

Ripple network is centralized

This virtual asset is centralized, and its parent company, Ripple Lab, strives to create partnerships with traditional financial institutions like banks. The company sells its RippleNet technology to these institutions, thereby increasing the popularity of its native token, Ripple XRP. RippleNet technology is a system that connects banks and facilitates cross-border payments and settlements.

Due to the differences between Ripple XRP and other cryptocurrencies, it also has some advantages. Some of them are:

Fast transaction speed

This is one of the most significant selling points of Ripple technology. The swiftness of transactions surpasses other cryptocurrencies and beats that of SWIFT wire transfer, the commonly used system in traditional banking. This makes it a better alternative for banks to facilitate cross-border payments as its XRP transactions are exceedingly fast. The ripple transaction protocol is quite efficient too.

Low cost

Traditional banking system transactions and that of some cryptocurrencies tend to incur hefty transaction fees. But with digital currency, this fee is drastically reduced to a pittance.

Reversibility of transactions

Another positive for it is that the transaction can be reversed or edited to deal with an error if there is one.

All these features have enabled the Ripple network to gain significant partnerships among traditional financial institutions. And it has also influenced the growth in value of Ripple XRP over the years.

Growth in South Pacific

It is a fact that the recent partnership of Ripple with the Japanese payment giant SBI has brought the attention of various technical corporations across the South Pacific region, and it is expected that the entire region will see an expansion and adoption of Ripple tech.

It has been said that the Ripple remittance deal is setting the stage for the much broader adoption of Ripple. The lawsuit on Ripple pertaining to its security doesn’t seem to bother Japanese regulators or SBI officials.

XRP Price History

For years after its creation, the coin value was so inconsequential that it was almost worthless. Before 2017, the value of the asset hovered around $0.01, but this soon changed as the token began to gain wider coverage, and it also leveraged on the bull run of the crypto industry in that year. By April 2017, XRP rose to $0.05; the gradual climb soon continued as it reached $0.25 in May.

After this, there was no going back for the asset, as it had snared the attention of crypto enthusiasts who saw the value it created and the potential it had. The value of the asset rose all through 2017 and into the early period of 2018, where it got to an all-time high of $3.84.

But this was soon followed by a massive drop in value that affected every other cryptocurrency, too; many had labeled the incredible run of the industry as just a bubble, and like every bubble, it was going to burst. This was panned out in the case of the 2017 crypto industry bull run.

Towards the end of 2019, its price stabilized at around $0.30 and did not cross the $0.5 mark all through the year. This means that Ripple XRP hasn’t been able to build on its old glory since then, as its value never got to as high as even a dollar. 

However, the bullish run of 2020 that was ignited towards the end of the year helped the value of the asset to ascend. The value of the token got to as high as $0.8 before finishing the year at $0.66. Early 2021 was supposed to be a continuation of the rise in XRP value, but that could not happen due to the SEC’s announcement of a lawsuit.

Upon the announcement, some exchanges delisted XRP from their platform. Many of those holding the token also sold in panic. This led to the value of XRP plummeting to as low as $0.166. However, it has picked up again, going as high as $0.755. Ripple at present is trading between $1.11.

Looking at this overview, it is easy to see the high volatility of XRP in the past few months, which makes it difficult to have a Ripple forecast. But the volatility has not stopped analysts from making XRP predictions based on trends. It only means that these forecasts can change at the slightest notice. However, they still give a rough estimate of what to expect from them.

As of now, the entire market is going through a bullish sentiment in the long term due to the rise of Bitcoin after the bearish trend and might continue to do so. This ripple price prediction will consider optimistic outcomes for XRP price forecasts.

XRP forecast can be done with the help of the above 4-hour chart wherein the price necessarily reflects the market position. We can see that the price of the coin is above the key 50-day moving average and the 100-day Moving Average, retracing upwards.

We saw the XRP coin price forecast break out of the upper end of the Bollinger Bands in the 4-hour chart above. This means that soon the market will start getting bullish.

The current ripple price indicates a bullish future.

Ripple Price Action

Given how past developments or even announcements have led to an increase in the value of XRP, the currency might reach $2. This will happen if the actions of Ripple technology lead to a partnership with more financial institutions.

In the past, XRP’s popularity and, by extension, its increase in value has been heavily influenced by the partnership with these traditional institutions. More partnership will mean more adoption, which invariably means higher value.

However, it is not so simple for XRP. The SEC lawsuit complicates the whole issue even further. Before the SEC filed the case, the outlook for XRP was positive, even if it did not make many optimistic. But the lawsuit cuts its breakout short and makes a Ripple price prediction trajectory more challenging, unlike other digital currencies.

Considering how difficult it is to predict a digital asset accurately, it is even more difficult for XRP. More traders are acting bearish with the XRP cryptocurrency after the lawsuit, raising fears that it could drop to below 10 cents. However, the price pump by retail investors and traders has allowed it to pick up again.

According to Coinpedia, even with the lawsuit hanging over its head, Ripple XRP will trade at an average of $20 in the next five years.

Thus, the highest projected price for the year is $2, while it could also go as a minimum price prediction is $0.561 if the SEC lawsuit is not settled in favor of Ripple.

XRP Technical Analysis 

As seen on the 4-hour price chart, XRP candle sticks are above the Moving Average, signaling an upward trend. The RSI also shows that Ripple XRP is undervalued, meaning a trend reversal could be imminent. As per the MACD line, the chart shows a crossover above the signal line, confirming a bullish trend. 

XRP Price Predictions 2022-2030

Wallet Investor 

The XRP price prediction from Wallet Investor expects the coin to be a profitable investment option for the future. Based on the XRP forecast, a one-year price increase is expected to the tune of $0.617. For a 5-year investment, the ROI could be around 440.67%. A 100-dollar investment in XRP today may be worth about $540.67 in 2027, making XRP an attractive long-term investment.

LongForecast

As per LongForecast, XRP is expected to reach a maximum price of $0.5490, a minimum price of $0.3733, and an average market value of $0.4392 by December 2022. A steady price movement is expected in 2023, as XRP is projected to trade at a minimum of $0.3684, a maximum of $0.5418, and an average of $0.4334. By mid-2023, XRP is expected to be trading at an average value of $0.3826. By the end of 2023, the coin’s highest price point could reach $0.5405, with an average market price of $0.4324.

The trading range for 2024 is expected to be $0.3603 – $0.6394 for the year’s first half. In the second half of 2024, the coin’s trading range is $0.3720 to $0.6241. LongForecast’s price prognosis for 2025 expects a maximum trading price of $0.7650 and an average price of $0.5505. An initial investment of $100 today could be worth about $236.

PricePrediction 

According to PricePrediction, XRP will be a profitable investment tool in the coming years. The coin’s price forecast for 2022 projects a maximum price of $0.56. If XRP continues on a bullish run in 2023, it could hit a maximum price of $0.83. By 2027, prices are expected to peak at $3.85 and an average level of $3.35. The maximum XRP price for 2030 is projected to reach $12.32.

Cryptopolitan

XRP Price Prediction 2022

Ripple (XRP) is expected to rally strongly in 2022, with an average price of $0.44 per unit. Assuming everything goes smoothly and the market appreciates, we predict XRP will reach a maximum of $0.46 in 2022. Of course, there may be a pullback after a long bull run – this is the reality of the cryptocurrency market.

XRP Prediction 2023

XRP may be a valuable investment opportunity if it continues to collaborate with financial institutions, which could push its price as high as $0.53 by 2023. The average forecasted price for the year is $0.49, and the minimum expected value is $0.44.

XRP Prediction 2024

Slight pullbacks are expected in 2023, allowing traders and investors to reinvest at a lower entry point.  The minimum value of XRP is expected to be $0.41, and its maximum price could hit $0.52. On average, XRP will trade for $0.46 per unit.

XRP Price Prediction 2025

Ripple XRP has huge potential for the future. More collaborations and institutional investments could drive the network’s adoption. If market sentiments favor XRP, the price could attain higher numbers. We expect a maximum price of $0.71, a minimum price of $0.57, and an average price of $0.63.

XRP Price Prediction 2026 and beyond 

We expect a new cycle in the crypto market in 2026, and XRP could dip slightly to $0.54. The maximum price for 2026 is $0.63. The potential price recovery is expected in 2027, and XRP could reach a maximum price of $0.96 and an average trading price of $0.77. 

The year 2028 could end with a peak price of $1.17, an average price of $1.09, and a minimum price of $0.98. By 2029, we expect XRP to be trading well above the $1 mark, reaching a maximum price of $1.43 and an average price of $1.37. The price of XRP could reach $1.83 in 2031 if more users and blockchain networks begin adopting XRP.

XRP Price Prediction by Industry experts 

According to Matthew Harry, a top official at DigitalX Asset Management, XRP could reach the $5 mark, provided it scales through its case with the SEC. He also added that Ripple XRP’s future value would be considered speculative. 

The XRP token is worthless for anything other than speculation. The underlying technology is terrific, but the token itself does not currently have a use; it simply attracts speculators as it is cheap and an easily digestible value prop – none of which is born out in the token.

Matthew Henry

Carol Alexander, a University of Sussex finance professor, confidently predicts a market price of $2.50 for the near future if the token conquers the struggle with the SEC.

It is not like any other crypto. If it wins vs. SEC, it really will start to replace SWIFT.

Carol Alexander

Conclusion

XRP is far cheaper than most of the other cryptocurrencies in the overall crypto market at its current rate. This makes it accessible and easy to buy for many investors and suitable for mass adoption and informational purposes.

In terms of returns, can one say it is worth it? The next five to ten years’ predictions do not position it as the best investment in the market. After all, it will only increase by 5x or 6x in the next five years in the best-case scenarios. But a value of less than a dollar doesn’t look so bad, and the demand is good.

The benefits it seems to offer, such as the speed of transactions and low charges, would make it look like a good investment with more potential for institutional backing and developments soon.

If you’re planning to buy or sell XRP or most cryptocurrencies, several independent cryptocurrency exchange platforms exist solely for that purpose. They include Bitstamp, Kraken, Gatehub, etc. But, it is important to do your own research and use wise investment decisions.

Buying on all these platforms is relatively easy and straightforward as they allow you to buy with USD, EUR, and even BTC. All you need is to have an account on the platforms, and you are good to go. You can link your credit or debit card. Wire transfer is usually available on these cryptocurrency exchanges too.

The forecasts for XRP vary widely depending on the analysis and period. However, most of them have two things in common – volatility and a moderately optimistic outlook.

The optimistic forecast will depend on the Ripple payment technology’s increased adoption in almost all predictions. However, the volatility of the asset could stand as an albatross as it depends majorly on the outcome of the litigation between its parent crypto company and the financial regulator.

According to the market experts, a jolt of freshness is expected in the XRP space if Ripple scores a major victory in its lawsuit with the SEC. The price predictions are positive and in line with the possible positive outcome of the lawsuit. 

Despite the hype provided by the XRP price predictions, it is important to conduct adequate research before investing in cryptocurrency. Only invest what you can afford to lose.