Ripple XRP Price Prediction |Is Ripple A Good Investment in 2021?
Cryptocurrencies are an emerging digital asset disrupting the future of many markets. Ripple cryptocurrency, officially called XRP, is one of the digital assets that shake up the entire industry and markets, especially the cross-border payments industry.
Ripple’s aims and goals for XRP are pretty different from that of Bitcoin.
Although Both provide cryptocurrency users with a way to control their own digital assets, at the core of Ripple is its goals, and it is designed for speed and to achieve some of the lowest fees of any crypto asset. These characteristics make XRP extremely attractive for the financial sector, as you can move large amounts of money quickly, at a very low cost.
Because of this, Ripple is said to eventually become a replacement for SWIFT, which is the current standard for international bank wires. SWIFT has a slow speed and high fees attached.
Many financial institutions such as the banks have been testing Ripple’s xRapid, which uses XRP to move funds at lightning-fast speeds between two third parties.
Aside from this, Ripple also plans to disrupt traditional cross-border payments brands such as Western Union and MoneyGram. They recently acquired an ownership stake in MoneyGram, a move that sends the stock price skyrocketing.
It’s evident from its operation mode that it could become the new standard across many industries. It has the highest long-term price potential out of any cryptocurrency assets.
We understand that short and long term prices can be challenging to predict, So we create this guide to provide detailed information from industry experts and in-depth technical analysis to help provide accurate Ripple price prediction and answer commonly asked questions such as “how high will Ripple XRP go” or “how much will Ripple XRP be worth in five years.
What is Ripple And The XRP Token?
XRP is the native cryptocurrency of the Ripple protocol. Ripple represents the company’s name that created the crypto token and the blockchain network that XRP is transferred over. The company help to push its adoption at banks and other cross border payment companies.
Ripple XRP coin purpose is designed to improve speeds over existing cryptocurrencies, making it especially attractive as a payment currency.
For example, where Bitcoin takes as much as 10 minutes to confirm a transaction, Ripple and XRP boast of completing transactions in as little as 5 seconds. You can easily see why Ripple XRP is considered one of the best investments in the cryptocurrency industry.
The name “Ripple” was first created by Jed McCaleb, Arthur Britto, and Ripple CTO David Schwartz and started its life as OpenCoin.
After a short while, the project was renamed XRP; Ripple Labs was formed and led by CEO Brad Garlinghouse.
Jed McCaleb is no longer part of the Ripple team but has launched a similar cryptocurrency, Stellar, a cryptocurrency competing with Ripple for cross-border payments in the market. Despite this competition set by Stellar, Ripple dominates the industry and shows no signs of letting a competitor steal the dominance.
Ripple In 2021 And The History of XRP
In 2020, Ripple had a strong breakout but hit a roadblock in negative XRP news; a lawsuit from the SEC. SEC through the chief US regulator, claims that Ripple’s tokens – XRP are not registered securities and that the company has broken laws by offering unregistered securities to investors in the United States.
The cryptocurrency asset has been delisted from most cryptocurrency exchanges, possibly leading the coin to struggle in the long term. Even at that, the technicals on the asset’s chart still remain relatively bullish.
Ripple won a request from a court judge forcing SEC to release the documents related to how the entity arrived at deeming Bitcoin and Ethereum not securities. This instantly made the price of the coin to jump to $1 and could keep climbing.
Ripple Experts Weigh in On XRP Long Term Value
Ripple has garnered the support of fans and enthusiasts who are the biggest names in the investment sector. And now, many investors can rest assured that their capital is positioned in an asset that has garnered support from such powerful and prominent individuals.
Will Meade, Former Goldman Sachs Alum and Billionaire Hedge Fund Manager
Will Meade, a former PM at Goldman Sachs and Johns Hopkins University alumni, claims while he doesn’t know all that much about crypto, he expects both Bitcoin and XRP to go up. He made his first crypto purchase of XRP, calling for a 1500% increase in the asset due to Bitcoin’s new uptrend and a “rising tide” that lifts all boats. A 1500% increase would take XRP back to $3 in the near term from his predictions.
Sean Matthew, Financial Services Advisor
Sean Matthew is a Financial Services Advisor who calls for $10 XRP in a detailed YouTube technical analysis demonstration. Sean sees a bullish breakout in the asset and a repeat of the significant surge from 2017 and 2018.
Michael Arrington, Founder of Michael Arrington XRP, TechCrunch
TechCrunch founder Michael Arrington says that “Ripple is a good way to move money” and plans on altering his “career path to focus entirely on cryptocurrencies and related technologies.” He recently opened a $100 million hedge fund denominated in XRP to show that even the most successful tech investors of our time will understand the projected value that XRP can someday reach.
Ashton Kutcher, Actor, Sound Ventures
Other prominent personalities supporting the cryptocurrency include Ashton Kutcher, investing in Ripple through his venture capital firm Sound Ventures.
Kutcher and his partner Guy Oseary talked about the long-term value of Ripple when they featured on the Ellen Degeneres Show. Kutcher explained that “Ripple is a platform to allow people to transfer money from bank account to bank account, person to person, really securely, really simply, really quickly.” His comments and opinions were viewed by millions on television, giving Ripple and XRP widespread exposure.
XRP and Ripple Price Historical Predictions That Were Right
As unpredictable as the cryptocurrency market is, some analysts do eventually get it right. For many investors, it offers lots of hope that some of the new, higher projects may finally come true as the following have.
Profit Confidential Analysts, Financial Research Firm
Profit Confidential had predicted in mid-2017 when Ripple was trading at less than a quarter on the dollar that the digital asset would someday be worth investing in. And to the greatest surprise, Ripple did even better and reached $2 and peaked at over $3.50 a coin in the early days of the year.
Alex Saunders, CEO and Founder of NuggetNewsAU
Alex Saunders, the CEO and Founder of NuggetNewsAU, called for XRP to reach 30 cents in 2019. Ripple did reach an ATH of 50 cents per token before falling back down to 10 cents.
Ripple Historical Price Data
We can understand the absolute minimum price of XRP by reviewing the historical data and looking at circulating supply. Historical data can also give investors a sense of what the maximum Ripple price could be someday and make a long-term investment.
At its all-time high ATH, XRP reached over $3 at the height of the 2017 crypto bubble. in that year, XRP was the most profitable asset, and it netted investors about 1000% ROI
You could find XRP on many of the crypto exchanges traded against BTC and USD pairs. It is currently priced at around $1 per token.
Ripple Price Technical Analysis and Price Potential
Technical analysis of cryptocurrency price potential can help understand when a certain XRP price point may be reached. Here are some predictions or what to expect based on some of the brightest analysts of the cryptocurrency industry.
Is Ripple a Good Investment
Ripple could potentially soar to a new all-time high and more than $20 per token when it finally wins the court case against the SEC.
Ripple Price Prediction 2022 – 2023
Analysts predicted that after 2021 must have seen the crypto pumped to ATH of around $20 from $1, it could be time for another bear market and accumulation phase. Ripple would have to find support at about $3 to $4.
Ripple Price Forecast 2024 – 2025
Even though sentiment can turn extremely bearish on XRP based on historical data, the asset will likely break out again and see new highs. But at how high?
What is the Future of Ripple and is it worth investing in?
This guide is for those interested in investing or trading Ripple with all of the facts and forecasts necessary to come to one’s own judgment on how high Ripple will go.
Ripple has the supports of a team of experts working at Ripple Labs and other investors who are working hard to push the adoption of digital asset. But, it now faces the challenges of being opposed by chief US regulators.
As the case continues, analysts and experts expect prices of as much as 4 dollars within the short term. However, experts and analysts quickly see prices reaching between $22 to $100 and more in the medium term. At the same time, a longer-term price prediction projects XRP price at highs over $100-200. But analysts believe that there will always be a pullback after the coin reaches an All-time high. Corrections of this type are considered healthy and provide traders with additional opportunities to open short positions after rallies have been exhausted and open long positions when XRP reaches long-term historical support.
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With several fiat currencies expected to fall, while cryptocurrencies that are hard-capped and deflationary, are expected to grow to new heights and show their true power as the future of money. Will Ripple be part of that new future of finance?