Ripple Price Predictions: 2024 and Beyond

May 9, 2024 5:51 pm

Ripple XRP is one of the leading cryptocurrencies. Although the coin doesn’t aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple’s success. XRP is not just a cryptocurrency. Ripple was designed as a full-fledged payment infrastructure that can potentially replace SWIFT.

The lawsuit with the SEC became one of the most important events that attracted the attention of the entire cryptocurrency industry. Court hearings began in 2020 and ended only in July 2023. As a result, the court sided with XRP and did not recognize the token as a security, as the SEC sought. 

The court decision made Ripple fans extremely happy. Under the influence of a positive factor, the coin’s price increased by 100%, but within a few weeks, it dropped to its previous rate. This proves the ambiguous nature of the token and the difficulty of predicting its value.

This article presents an analysis of the reasons for the growth and decline of the coin, future developments of Ripple network as well as analysts’ forecasts regarding XRP’s possible highs. Is XRP a good investment? What levels XRP can reach in the future? You will also find the answer to these and many other questions. Read on the Ripple price prediction 2023 2024 2025 2026 2030 and beyond!

The article covers the following subjects:

What Is Ripple Crypto and the History of XRP? Ripple XRP overview

Put simply, Ripple Labs inc is a company that provides a payment protocol that can be compared to a payment system, money transfer network, and currency exchange. The protocol works with digital currencies, fiat money, and commodities. XRP is the native cryptocurrency of the Ripple.

If you want to have a deeper understanding of the Ripple topic, check the following terms:

  • XRP or Ripple is a cryptocurrency that’s powered by RippleNet. Financial institutions use the coin to provide fast transactions with low fees;

  • RippleNet represents a payment platform. It’s based on the distributed ledger database of XRP Ledger;

  • Ripple operates the digital platform;

  • RippleNet Cloud deals with payments with one integration and a common Ripple Payment Object among RippleNet’s customers. It allows for “less friction and more standardization when customers are ready to scale;

  • As for the XRP Ledger, it’s open-source and is based on the ledger database, not blockchain.

Ripple’s all-time high price reached 3.84 USD on January 4, 2018 (CoinMarketCap).

A Crash Course on Ripple XRP

XRP was created by Ryan Fugger who was the first person who announced the idea of Ripple. It was in 2004. However, Ripple was first released only in 2012 by Jed McCaleb and Chris Larson. That time it was not even Ripple but OpenCoin.

First, it was a startup project from San Francisco; the blockchain-like payment system was developed. It was created as an alternative to money transfers for the banking system, not as an opposition. Its popularity among financial institutions grew fast, and soon, the company announced interest from leading banks. It was expected as the system enforced low-fee fast transfers worldwide. 

Banks apply the protocol to make cross-border transfers in real-time using the xCurrent software solution. At the same time, Ripple (XRP) is also available for investors and traders. Traders can do operations with the cryptocurrency via trading on crypto exchanges or with the help of brokers. Ripple continues to develop very dynamically. The company has had contacts at the highest political and financial levels for many years. Think of the World Bank, the ECB, the IMF, and the World Economic Forum. With rave recommendations and being praised from all sides – what could go wrong?

Keep reading to find out how the price of Ripple has changed over time and how much will Ripple be worth in the future.

How Has The Price Of XRP token Changed Over Time? Ripple and XRP Price History

It’s wrong to check Ripple XRP price prediction without looking back at XRP historical price movements. Only by answering the question of why XRP’s price is growing or falling it is possible to obtain a proper evaluation of the current situation.‎

The current XPR price today 09.05.2024 is $0.51800.

The price chart above shows how the XRP has been changing for several years. Ripple coin was stable from its launch in 2013 until early 2017. During this period, the XRP rate surged significantly for the first time, which was caused by a series of high-profile partnerships with such financial giants as MoneyGram, American Express, and Santander. As a result, the coin’s price was pushed beyond the $3 mark for the first and last time. This price has never been recorded again.

In 2018, XRP fell below $0.30, which was in line with the general situation in the cryptocurrency market. From 2018 to 2021, the entire cryptocurrency industry experienced its first long crypto “winter”. XRP bottomed in March 2020 at $0.11 amid a massive sell-off in cryptocurrencies and traditional securities due to the COVID-19 pandemic. Despite this, XRP soon began to rise again. However, the coin faced another blow in December when the Securities Exchange Commission filed a lawsuit against Ripple Labs. As a result of an ongoing lawsuit with the SEC, many exchanges delisted XRP, and the price returned to $0.17.

In 2021, Ripple growth resumed, but quotes failed to update all-time highs due to uncertainty associated with litigation. Ripple’s high that year reached 2 USD. At the same time, the forecast after the trial was optimistic. In 2022, a new wave of market decline caused average price of XRP to drop to $0.28.

Ripple XRP Technical Analysis

As a technical analysis of big time frames allows us to see the market situation as a whole, we’ll start with XRPUSD monthly chart.

Fibonacci retracements were used to highlight key levels.

Let’s start plotting the chart with the historical extremum. The inclination angle must coincide with the main direction of the trend line. It is important to note that Fibonacci grid borders are not trend lines in the classical sense. The grid is not built based on extremes. It should cover the length and width of the first Fibonacci channel (0-0.236) and the largest part of the asset’s trading range for the period under study. An example is in the chart above.

Today’s price is in the base channel zone, which I like to call the “zone of last hope.” The name fully conveys the meaning of this channel for the entire structure. If the price crosses the border and consolidates below the baseline of the Fibonacci channels, we can say that the entire structure is no longer relevant. Then you need to build a new one, where earlier extrema will be taken as a basis.

Long Term Ripple Trading Plan

A trading plan is a list of price levels that we determine in advance for performing certain trading actions.

A trading plan is a must-have tool in a trader’s work. It will save time and nerves and help you avoid impulsive decisions if the price tomorrow moves against expectations. Any trading plan consists of the following:

  • determining the market entry price;

  • determining the level of cancellation, fixing losses or Stop Loss;

  • determining the profit-taking price or Take Profit.

Usually, professional traders plan several of these levels to better manage risk and maximize profits. It is also important to take into account the breakeven level in the trading plan. This parameter can be controlled by changing the position size, averaging it, or adding up to it.

To make a trading plan, traders need to know in which direction the digital asset will move.

With a high probability, the Ripple price will return to the zone of 0.60-0.67 USD in the medium term. In the longer term, next year, it will drop to a level of around 0.30 USD. The forecast chart is presented above. Therefore, Ripple downward trading carries the least risk. This means that you need to build an XRP trading plan to open short trades.

It is logical to look for the short trade entry point near the most likely maximum price. Since this is a zone around 0.60-0.67 USD, the average price of 0.65 USD is taken as an example.

It is reasonable to set Stop Loss in a place where it is clear that the plan is not working and the market is following a different fractal. One of the simplest and most popular methods for determining Stop Loss is to take the latest local extremes as a basis. In our case, it is 0.93 USD. Therefore, Stop Loss should be set at 0.94 USD. In the chart above, it is marked with a red line.

Since the distance between the entry price and Stop Loss is quite large, the initial transaction size can be divided into several parts to minimize losses and increase the breakeven level. Thus, the position will be averaged as it approaches the stop.

Set Take Profit slightly above the expected fall of 0.31 USD per Ripple coin. Here, similar to the example with dividing entry points, you can split the profit-taking level and close the position in parts. By moving the Stop Loss below the breakeven price, you guarantee the absence of losses and the preservation of part of the profit in the event of a negative scenario.

The example above shows that trading can be fun and profitable if you observe discipline, manage risks, and follow a trading plan.

 Weekly Elliott wave Ripple analysis as of 06.05.2024

The XRPUSD market is forming the triple zigzag (W)-(X)-(Y)-(X)-(Z), with the first three sub-waves completed and the second linking wave (X) developing inside as a triple zigzag W-X-Y-XX-Z. The linking wave XX should soon finish as a double zigzag [W]-[X]-[Y]. Thus, the initial part of wave Z is now forming in the most recent chart section. Let us explore the market situation in the H4 timeframe.

A double zigzag is currently unfolding. The first actionary wave [W] has been completed as a standard zigzag (A)-(B)-(C). The bearish linking wave [X] is currently unfolding. It will also have a standard zigzag structure, as shown in the chart. Most likely, wave [X] will be 61.8% of wave [W] and will end near the level of 0.473.

Weekly XRPUSD trading plan:

Sell 0.523, TP 0.473

XRPUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.

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Ripple XRP Price Prediction 2024 by Crypto Experts

Above, you learned about the reasons for the XRP growth. However, this issue is unlikely to be relevant in 2024. Despite the hype around the Ripple company, the token price does not increase because there is no bullish trend. Moreover, the growth over the past few months is now practically invisible.‎

In such uncertain circumstances, it is logical to ask why XRP is not growing. Let’s see what leading crypto sources say about the coin’s projected value in 2024.

1. СryptoPredictions

CryptoPredictions has significantly revised the latest Ripple price forecast. The company’s analysts expect that throughout 2024, the XRP will be in the price range of 0.56-0.83 USD.

2. Wallet Investor

Wallet Investor’s current XRP price prediction is even more pessimistic than that of CryptoPredictions. According to the portal’s experts, the price of Ripple will continue declining. XRP minimum price will be around 0.12 USD. The forecast for July 2024 looks even more frightening. Ripple will reach a price of 0.000001 USD, which is equivalent to the depreciation of the token and the bankruptcy of the company.

3. Crypto Ground

Crypto Ground’s Ripple provided their own xrp overview. The forecast for next year is moderate. XRP price may be around current values at 0.54 USD.

4. Coin Price Forecast

Coin Price Forecast analysts also revised their ripple xrp price forecasts downward. Ripple’s target price for the end of 2024 is expected to be around USD 0.67. According to the experts, XRP will increase above 1 USD.

5. Long Forecast

Below is the XRP rate forecast from The Economy Forecast Agency. Analysts expect a sideways trend. The closing price is expected to reach $0.30 at the end of 2024. XRP is expected to move in the range of 0.26-0.35 USD.

Month

Open

Minimum-maximum

Close

April

0,30

0,30 – 0,37

0,35

May

0,35

0,30 – 0,35

0,32

June

0,32

0,32 – 0,40

0,37

July

0,37

0,29 – 0,37

0,31

August

0,31

0,25 – 0,31

0,27

September

0,27

0,24 – 0,28

0,26

October

0,26

0,26 – 0,32

0,30

November

0,30

0,24 – 0,30

0,26

December

0,26

0,26 – 0,32

0,30

XRP Coin Price Prediction for 2025 by Crypto Experts

Ripple Labs CEO Brad Garlinghouse said the company will become the Amazon of the cryptocurrency industry by 2025. However, most experts believe that Ripple will be at its current level or even lower. Let’s study the XRP price prediction for 2025 provided by the most popular analytical platforms.

1. СryptoPredictions

According to Ripple price prediction for 2025, coin’s rate will not change significantly in 2025. The forecast is identical to 2024, according to which the XRP price can reach the price range of 0.56-0.83 USD.

2. Wallet Investor

Analysts expect the XRP price to reach a maximum price of around 0.83 USD.

3. Crypto Ground

According to Crypto Ground coin rate prediction, XRP has a bright future. They predict a price of around 1.02 USD and a long-term bullish trend.

4. Coin Price Forecast

Website analysts give modest estimates for XRP’s expected growth. It is highly likely that Ripple will rise no higher than 0.82 USD.

5. Long Forecast

Agency’s experts have their own view on future xrp price movements. The bearish trend will continue in 2025. Ripple future low will be around 0.12 USD in October. However, no growth is expected. The market price practically does not change and stays in a narrow trading corridor.

Month

Open

Minimum-maximum

Close

January

0,30

0,23 – 0,30

0,25

February

0,25

0,20 – 0,25

0,21

March

0,21

0,17 – 0,21

0,18

April

0,18

0,18 – 0,20

0,19

May

0,19

0,19 – 0,24

0,22

June

0,22

0,17 – 0,22

0,18

July

0,18

0,14 – 0,18

0,15

August

0,15

0,13 – 0,15

0,14

September

0,14

0,14 – 0,17

0,16

October

0,16

0,12 – 0,16

0,13

November

0,13

0,13 – 0,16

0,15

December

0,15

0,15 – 0,17

0,16

Long-Term Ripple Price Prediction: 2026-2030

What will the Ripple and XRP rate be in 3-7 years? You never know what will happen to the price tomorrow, not to mention over longer periods. Therefore, long-term forecasts are always approximate. Our advice is to always monitor the latest Ripple news.

To understand blockchain projects well, follow updates about future projects, community news, and so on.

1. СryptoPredictions

СryptoPredictions analysts do not predict significant changes in digital coin price until the end of 2027. The coin will be in a stable long-term trading corridor of 0.56-0.83 USD. The XRP rate against the US dollar will not go beyond this range in the next few years. However, CryptoPredictions analysts provided a forecast only until the end of 2027, so the future XRP price may be revised if current market sentiment changes.

2. Wallet Investor

Wallet Investor also did not provide forecasts beyond five years. In general, company experts do not expect Ripple’s prospects to be bright. In 2028, maximum XRP price will hardly exceed 0.02 USD, so platform analysts recommend selling the coin.

3. Crypto Ground

Crypto Ground has revised its forecasts. Previously, the source analysts expected that the price of Ripple would be above $3 by 2027. However, this does not mean that they are negative about the future price of Ripple. The XRP will continue to rise over the next five years. The coin will cross the $1 threshold in 2025. By the end of 2028, the estimated growth of XRP will be about 400% of the current price of XRP and reach $2.27.

4. Long Forecast

The Economy Forecast Agency provided the XRP price analysis until October 2027. Agency analysts expect a long-term bearish trend with a price low of around 0.09 USD. Forecast details are presented in the table below.

Month

Open

Minimum-maximum

Close

2026

January

0,16

0,12 – 0,16

0,13

February

0,13

0,10 – 0,13

0,11

March

0,11

0,11 – 0,14

0,13

April

0,13

0,13 – 0,16

0,15

May

0,15

0,12 – 0,15

0,13

June

0,13

0,13 – 0,16

0,15

July

0,15

0,12 – 0,15

0,13

August

0,13

0,13 – 0,16

0,15

September

0,15

0,14 – 0,16

0,15

October

0,15

0,12 – 0,15

0,13

November

0,13

0,13 – 0,16

0,15

December

0,15

0,15 – 0,18

0,17

2027

January

0,17

0,14 – 0,17

0,15

February

0,15

0,13 – 0,15

0,14

March

0,14

0,14 – 0,17

0,16

April

0,16

0,12 – 0,16

0,13

May

0,13

0,11 – 0,13

0,12

June

0,12

0,12 – 0,15

0,14

July

0,14

0,11 – 0,14

0,12

August

0,12

0,09 – 0,12

0,10

September

0,10

0,10 – 0,12

0,11

October

0,11

0,10 – 0,12

0,11

5. Coin Price Forecast

Coin Price Forecast experts provided a fairly realistic but not too optimistic xrp price forecast. According to the XRP price prediction 2026, the value of XRP should rise from 0.82 USD (beginning of 2026) to 1.44 USD by the end of 2030. Coin’s growth potential is limited. Of course, the price will rise and fall over six years. Such forecasts are very approximate since XRP is one of the most volatile crypto assets.

Long-Term XRP Ripple Price Forecast 2030 – 2050. Is XRP a Good Investment?

Everyone wants to know how the XRP will develop in the coming decades. The crypto industry is still very young. The history of Bitcoin price does not even exceed 14 years. In such cases, making a long-term price prediction is difficult. But I will try to satisfy your curiosity and provide a long term Ripple prediction.

XRP Prediction for the Next 10 Years

Let’s take a look at XRP price prediction 2030 and beyond.

The XRP price history chart above shows the Ripple development since 2013. Visually, it can be divided into two parts. In the first part, the token was traded in the range from 0.003 to 0.06 USD, and in the second, the Ripple rate did not fall below 0.10. Despite the large price difference, the token’s price is developing naturally. XRP consolidates for a long time and then, within a few months, jumps by several hundred percent. The chart shows that the price has been moving sideways for a long time. This fact hints at a possible price jump, which is unlikely in the next ten years.

XRP Rate Prediction for 2030

My forecast is optimistic regarding the entire cryptocurrency market as an investment asset. Despite the fact that crypto coins have been unstable for two years now, fundamental factors indicate that the trend toward mass adoption of cryptocurrency will only strengthen. This means that if the Ripple company does not go bankrupt, the token price will reach new highs along with other crypto assets, even if the news regarding XRP is not so positive.

When will the cryptocurrency market begin to grow? Based on the opinions of a large number of analysts and experts, the rise is expected from 2023 to the end of 2027. However, even the most ardent pessimists do not expect cryptocurrencies to be unstable beyond 2030. Thus, the most realistic Ripple price target before 2030 may be around 2 USD per 1 coin. The price reached this level in 2021 during the last growth period in the crypto market.

XRP Rate Prediction for 2040

To make such a long-term forecast at least a little relevant, let’s use Fibonacci retracements again. Considering the current XRP price angle and the highest price spikes, XRP’s future price is forecasted to reach 4 USD by the end of 2040.

XRP Coin Price Prediction for 2050

Ripple Labs CEO Brad Garlinghouse stated that by 2025, the company will become the Amazon of the cryptocurrency industry. This statement is highly doubtful because of the current state of affairs in the cryptocurrency industry. However, in the long term, until 2050, the CEO’s forecast may come true.

In 2023, Amazon celebrated its 29th birthday. The capitalization of the company is about $1 trillion. This is approximately what the entire cryptocurrency market is worth now. If, in 2050, the dynamics of XRP coins will be the same as that of Amazon stocks now, then the market cap of Ripple could reach 1 trillion USD.

Ripple’s capitalization now is around 26 billion USD. So, if by 2050 it reaches 1 trillion, the price of the coin should rise by only 38.46 times to reach 20 USD for 1 XRP. If the supply remains, this forecast seems quite realistic. But please don’t believe anyone who says Ripple will cost 1000 USD. I do not advise making such long-term forecasts and recommend rationally weighing the risks.

Is Ripple a Good Investment?

Xrp ripple current rate in the Forex market is 0.51800 USD. Monitor the XRP on the interactive chart:

Let’s find out if you should buy XRP. Is Ripple a Good Investment? These are important questions for investors. The risks of tighter regulation will have a major impact on the cryptocurrency market in 2024. Control is increasing due to the active development of digital currencies, as well as their use by central banks and financial institutions. Regulations in the US over cash flows is increasing, and authorities will resist the growing influence of cryptocurrencies. This factor will be even more significant than in 2017-2018. The development of DeFi is another risk for Ripple.

The events of 2021 and early 2022 have confirmed that XRP/USD still has major trading characteristics due to the overall negative dynamics of the cryptocurrency market. However, the pair has good trading volumes and volatility. Ripple has shown that it can triple its value if there are enough XRP buyers. After a short time, the price may fall to minimum levels. This performance should attract aggressive traders.

However, I will not advise investing in Ripple. History shows that XRP is a highly volatile currency with no stable trend. It is better for long-term investors to avoid such assets. Nevertheless, if you consider yourself an active trader, perhaps XRP will be the ideal trading instrument for you.

You don’t have to risk your own money to try trading. Register a free demo account with LiteFinance! You will receive all the necessary information about investing and will be able to buy or sell Ripple without the risk of loss.

Most experts are neutral or even negative about the Ripple future value. However, this does not mean that their opinion cannot change along with market sentiment. For example, many experts have positive expectations about the upcoming halving.

Fundamentally, Ripple is one of the most progressive coins. It is integrated as a business solution into many international corporations and global companies. Perhaps this is the main reason that allows us to remain optimistic about the future of this token.

Year

Middle of the year

End of the year

2024

$0,70

$0,67

2025

$0,82

$0,82

2026

$0,85

$0,96

2027

$0,86

$0,95

2028

$1,04

$1,13

2029

$1,20

$1,28

2030

$1,36

$1,44

2031

$1,52

$1,60

2032

$1,68

$1,60

2033

$1,67

$1,74

2034

$1,81

$1,88

2035

$1,81

$1,88

Source: Coin Price Forecast

Ripple Rate Prediction FAQ

Price chart of XRPUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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