- Bullish XRP price prediction is $0.5031 to $1.3450.
- The XRP price will also reach $2 soon.
- ICP’s bearish market price prediction for 2022 is $0.2172.
In XRP (XRP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about XRP to analyze the future movement of the cryptocurrency.
Ripple (XRP) Current Market Status
According to CoinGecko, the price of XRP is $0.399665 with a 24-hour trading volume of $1,507,027,748 at the time of writing. However, XRP has increased to 2.7% in the last 24 hours.
Moreover, XRP has a circulating supply of 48,343,101,197 XRP. Currently, XRP trades in cryptocurrency exchanges such as Binance, Digifinex, FTX, Bybit, Bitstamp, Bittrex, Gate.io, KuCoin, Kraken, and Bitfinex
What is Ripple (XRP)?
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.
Despite XRP’s performance in the market, Ripple is still in a prolonged dispute with the U.S. Securities and Exchange Commission (SEC) since December 2020.
XRP (XRP) Price Prediction 2022
Currently Ripple holds the 7th position on CoinGecko. XRP price prediction 2022 is explained below with a daily time frame.
The XRP weekly chart exhibits a descending channel pattern. This is a downtrend pattern that moves between very accurate limits. Two parallel trendlines, one connecting the resistance levels and the other connecting the support levels, for this pattern.
When the price is around the upper trend line, look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback. As long as prices remain within the descending channel, the downward trend in price can be expected to continue.
Currently, XRP is in the range of $0.3949. If the pattern continues, the price of XRP might reach the resistance level of $0.5610, $0.9060 & $1.3775. If the trend reverses, then the price of XRP may fall to $0.3810.
Ripple (XRP) Support and Resistance Level
The below chart shows the support and resistance levels of XRP.
From the above weekly time frame, we can interpret the following as the resistance and support levels of XRP.
| Resistance Level 1 | $0.5031 |
| Resistance Level 2 | $0.6743 |
| Resistance Level 3 | $0.9341 |
| Resistance Level 4 | $1.3450 |
| Support Level 1 | $0.3754 |
| Support Level 2 | $0.2172 |
The charts show that XRP has performed a bullish over the past month. If this trend continues, XRP might run along with the bulls overtaking its resistance level at $1.3450.
Accordingly, if the investors turn against the crypto, the price of the XRP might plummet to almost $0.2172, a bearish signal.
XRP Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of XRP is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous volume. Currently, the RVOL of XRP lies below the cutoff line, indicating weaker participants in the current trend.
Also, the XRP’s Moving Average (MA) is shown in the chart above. Currently, ICP is in a bearish state. Notably, the XRP price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of XRP at any time.
Meanwhile, the relative strength index (RSI) of the XRP is at a level of 37.99. This means that XRP is in an oversold state. However, this means a major price reversal of XRP may occur in the upcoming days. So, traders need to trade carefully.
XRP Price Prediction 2022 — ADX, RVI
Let us now look at Ripple’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. This indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Internet Computer. Currently, XRP lies in the range of 36.1379, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of XRP can be interpreted. RVI measures the constant deviation of price changes over a period of time. The RVI of XRP lies above the 50 levels, indicating high volatility. In fact, XRP’s RSI is at the 37.99 level thus confirming a potential sell signal.
Comparison of XRP with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum and XRP.
From the above chart, we can interpret that ETH, BTC, and XRP are moving at the same trend. This indicates that when the price of BTC increases or decreases, the price of ETH and XRP also increases or decreases respectively.
Conclusion
With continuous improvements in the Ripple network, we can say that 2022 is a good year for XRP. For this reason, the bullish price prediction of Ripple (XRP) in 2022 is $1.3450. On the other hand, the bearish XRP price prediction for 2022 is $0.2172.
Furthermore, with the advancements and upgrades to the XRP ecosystem, the performance of XRP would help to reach above its current all-time high (ATH) of $3.40 very soon. But, it might also reach $2 if the investors believe that XRP is a good investment in 2022.
FAQ
Ripple (XRP) is the native cryptocurrency of the XRP Ledger, Ripple’s blockchain. The blockchain works on a federated consensus mechanism that validates a transaction 4-5 seconds at lower costs.
XRP has listed many crypto exchanges which include Binance, Binance, Digifinex, FTX, Bybit, Bittrex, Gate.io, KuCoin, Kraken, and Bitfinex.
With the ongoing developments and upgrades within the XRP platform, it has a high possibility of reaching its ATH soon.
On Jan 07, 2018, XRP reached its new all-time high (ATH) of $3.40.
Ripple (XRP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of XRP in the past few months, XRP is considered a good investment in 2022.
Ripple (XRP) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then XRP (XRP) will hit $2 soon.
XRP (XRP) price is expected to reach $3.25 by 2023.
XRP (XRP) price is expected to reach $4.5 by 2024.
XRP (XRP) price is expected to reach $5.8 by 2025.
XRP (XRP) price is expected to reach $6.2 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/xrp-ripple-price-prediction/