Taking into account the XRP price prediction can either save you money or make you decently richer than yesterday.

Business2Community’s crypto experts provide thorough technical analysis, explore potential impacts on the coin’s value, and provide insights on investing in XRP’s future, emphasizing low trading fees for your strategic approach.

Read on for detailed information!

Χ Coin Name XRP
💲 Price $0.4864724
🔆 Coin Symbol XRP
⏳ Price Change 1h0.32%
🌕 Price Change 24h 1.19%
💵 Market Cap$27,056,713,486
🥇 Rank7
🌐 24h Volume$1,039,504,472
🔄 Circulating Supply55,618,185,850
💰 Total Supply99,987,512,072

Ripple’s XRP Price Highs & Lows in 2024–2030

Whether you’re a Bitcoin loyalist or want to invest in XRP, you are likely well aware of the inherent volatility within the crypto market.

While conducting our research for this Ripple price prediction, we noted some critical areas of support and resistance on the price chart, which are crucial to keep in mind going forward. These areas will cause consolidation or rejection, leading to greater short-term volatility.

The table below presents these areas, ensuring you know what to keep an eye out for in the years ahead:

Year Potential High Potential Low

2024

$1.14 $0.9482 
2025 $1.65 

$1.35

2030 $9.77

$7.77

XRP News

  • During the LBRY lawsuit hearing, the SEC acknowledged that the token is not considered a security, a statement made after the summary judgment was ruled in its favor.
  • The trial between Ripple and the SEC will reportedly resume on April 23, 2024.
  • Whales purchased $7 million of XRP tokens in one week of November 2023 alone.
  • XRP is currently trading at $0.503.

Price History

When buying cryptocurrency, it’s important to explore the price performance and market movements leading up to the current date. This way, you can ensure you’re making an informed decision and are gaining exposure to the best long-term crypto investments out there.

Those who invest in cryptocurrency regularly will undoubtedly have heard of XRP, as the coin was at the forefront of the crypto revolution a few years ago.

XRP market value all time chart

The idea for Ripple was formed in 2004, although this was well before cryptocurrency became mainstream. It wasn’t until 2011, when Jed McCaleb started developing the XRP cryptocurrency using blockchain technology, that Ripple became an entity. XRP was officially launched in 2012 and immediately attracted attention from banks and other financial intermediaries.

The coin’s first bull run occurred in December 2017, when the Ripple price soared by over 1200% in weeks. This resulted in XRP’s highest price ever at $3.84, which still stands today. Price immediately retreated from these lofty heights and trundled along until November 2020, with few notable increases occurring during this period.

Looking at the XRP price chart, the coin begins picking up steam in late 2020, with an 184% increase followed closely by a 795% surge. Notably, XRP could not sustain this bullish momentum as the crypto markets entered bearish territory throughout 2022. While XRP gained momentum during the start of 2023, the token has traded sideways in the past few months.

XRP is trading at $0.5049 per token and has decreased by 6.96% in the past seven days.

Here’s a quick overview of the significant events that have occurred during XRP’s lifespan:

  • It began development in 2011 by programmer Jed McCaleb and was officially launched in 2012.
  • Attracted huge attention from banks and other financial intermediaries, resulting in a massive surge in 2017.
  • XRP‘s all-time high was at $3.84 in January 2018, although immediately retreated from these heights.
  • Experienced flat sentiment until late 2020, when volatility ramped up again.
  • Has struggled to maintain upward momentum since last year, with highs followed immediately by lows.
  • Currently, XRP is trading at $0.5049 per token.

XRP Price Prediction

Amidst regulatory scrutiny, we explore expert insights and market trends to forecast the potential movement of Ripple’s digital asset.

XRP Price Prediction 2024

Currently, Ripple faces little competition in the market. They are the dominant crypto company serving financial institutions globally. With an expanding network of partnerships, the value of XRP will increase as it serves as the currency for all cross-border payments facilitated by RippleNet.

Ripple is expected to experience rapid growth in the near future due to its versatility, including applications in accounting, investment, smart contract execution, and decentralized coding. Moreover, XRP stands out among competitors due to its affordability. A small Ripple investment of a few dollars can purchase a substantial amount of coin, making it an attractive option for new and budget-conscious investors.

Keeping these factors in mind, XRP’s medium-term prospects seemed rather bright. After a few pullbacks, the altcoin could continue its uptrend toward the $0.94-$1.14 range.

XRP Price Prediction 2025

Given the information presented until this point, it’s natural to think that XRP could be one of the most undervalued cryptos in the market at present. Many analysts would agree with this assessment, as RippleNet already has numerous major partners, even considering the company’s legal issues.

According to Ripple’s website, the network is used by hundreds of companies in over 55 countries. These companies include household names such as Santander, Bank of America, and Itau Unibanco. Ultimately, this gives XRP tremendous credibility — and could lead to further partnerships in the future.

Ripple XRP website

XRP’s technology is another reason why the coin could have a lucrative future, as it doesn’t use a Proof-of-Work (PoW) algorithm to achieve consensus as Bitcoin does. Instead, XRP uses its consensus protocol where the network’s validators review proposed transactions, and if the majority accept it, it will be verified.

This approach to consensus is much less energy-intensive than PoW protocols, meaning XRP could be the best crypto for eco-friendly investors. However, in the interest of a balanced discussion, XRP is still considered ‘centralized,’ given that Ripple Labs control it.

Overall, though, it does seem that XRP has an exciting future ahead of it, meaning our XRP predictions for 2025 estimate that the coin could reach a valuation of $1.65.

XRP Price Prediction 2030

Ripple’s Crypto Trends report suggests that NFTs and CBDCs are just beginning to gain momentum, and as they mature, the effect on Ripple’s network and the blockchain industry will become more apparent. It’s important to acknowledge that while some have predicted growth for XRP’s value in the future, others forecast that XRP may face difficulty growing due to many variables affecting XRP’s future price.

Key factors shaping XRP’s price in the upcoming years include the SEC lawsuit outcome, collaborations with financial organizations, widespread use, the central bank’s foray into CBDCs, etc.

Considering these factors, XRP could continue its uptrend in the coming years as the bulls strive to break the long-term resistance barriers. Crypto could grow to a maximum of $9.71 by 2030.

What Drives the Price of XRP?

Until now, we’ve discussed XRP’s price movements and the coin’s use cases. But what actually drives the price of XRP? Detailed below are three of the main factors that influence the XRP price over the short and long term:

Ongoing Litigation

As discussed earlier, the ongoing legal battle between the SEC and Ripple Labs is one of the main drivers of XRP’s price. Naturally, investors are hesitant to commit vast amounts of capital to XRP positions because Ripple may have to pay a considerable fine, which would severely impact the future of XRP.

The trial will reportedly resume on April 23, 2024.

Crypto Market Sentiment

Like most altcoins, XRP is still affected by the broader market sentiment. Due to its size, it isn’t affected as much as smaller coins, yet XRP still tends to follow the overall trend. There hasn’t been much in the way of crypto news over the past few weeks. However, macroeconomic factors (such as the war in Ukraine) have dampened the sentiment on crypto overall and forced investors into safe-haven assets.

Diminishing XRP Supply

Finally, XRP has an inherent ‘burn’ implemented into its structure, meaning that 0.00001 XRP is destroyed after each transaction. Since there are 100 billion XRP tokens, this burn is negligible and unlikely to affect the price significantly. However, Ripple CEO Brad Garlinghouse has stated that he isn’t against burning the coins held in escrow, which would dramatically impact the total supply and the coin’s price.

Is XRP a Good Investment?

XRP’s utility within the Ripple network for cross-border payments and remittances, coupled with potential adoption by financial institutions, presents compelling use cases. However, regulatory uncertainties, including the ongoing SEC lawsuit, cast shadows of doubt on its future.

Moreover, the centralized nature of XRP and its relationship with Ripple Labs raise concerns among decentralization advocates. Investors must weigh these factors carefully, considering risk tolerance and investment goals. While XRP may offer significant upside potential, prudent due diligence and awareness of regulatory and market dynamics are crucial in evaluating its suitability as an investment.

Conclusion

This guide has presented our in-depth XRP price prediction, considering the current factors affecting it and the technical, fundamental, and macroeconomic analysis. Despite recent challenges, driven primarily by the ongoing legal battle with the SEC, the XRP’s outlook leans to positive if it can come out the other side unscathed.

However, this price of XRP forecast is for general informational purposes only, and always research before investing in the cryptocurrency.

FAQs 

Will XRP ever reach $1?

How much will XRP be worth in 2025?

What was XRP’s highest price?

What will XRP be worth in 2030?

Could XRP be the next Bitcoin?

Can XRP reach $100?