2020-12-28 16:05 |
Before we dive into to predicting the Ripple future and XRP price forecast, let’s quickly sum up what awaits you in this article:
First, we take a look at year behind us. Then we cover our own XRP price predictions and market XRP forecasts. We will also dip our toes into the far future of XRP and give our Ripple price predictions for 2021, 2025 and 2030.
We will also answer some of the most common questions about XRP price targets and how high it can go, like will XRP hit $10 or will XRP reach $100 and similar. We also give our opinion if Ripple is a good investment at all.
So, let’s get down to business and start the thankless task of predicting Ripple future.
Ripple’s XRP Market Data Project nameXRPAsset TypeCross-border payment coinCurr. Supply / Total Supply43,285,660,917 XRP / 99,991,237,614 XRPROI since launch3,704.92%All-Time High / All-Time Low$3.84 / $0.002802Official Websitehttps://www.ripple.com/xrp/Our price prediction for 2020Between $0.20-$0.55 XRP IntroThis year the company Ripple and its crypto currency XRP had a lot going on: The violent crash in 2018 brought worry lines on the forehead of followers and investors. From more than three dollars per coin at all time high, it went down to below 0.30 USD by December of 2018 and stayed there for the whole 2019. What is the forecast for XRP for 2020?
Let’s see.
You can buy OMG on eToro, Cex.io, Coinbase or Binance. You can store it on Ledger Nano S, Trezor T or eToro wallet. XRP price prediction 2021 12/28/2020 Update With the latest developments with SEC, Ripple seems to be in big trouble.A lot of exchanges, most notably Bitstamp (that was even part of Ripple’s much touted ODL network) have suspended trading of XRP tokens until they get more regulatory clarity.
Other exchanges are also on alert and could be following Bitstamp in suspending or even delisting XRP tokens.
All of this has led to a huge price drop that and a big divide among the XRP fans: some of them are throwing in the towel, selling at loss and moving on from Ripple. Others, on the other side, are seeing this as another opportunity to buy the dip, get XRP while it is cheap as they believe the SEC lawsuit will be dropped.
What should you do – sell XRP or wait?
We are more inclined to sell. We were never big fans of XRP tokens to begin with as it is not a REAL cryptocurrency and reeks of a get rich scheme, a masterful game played by Ripple cofounders and management.
If Coinbase or another of the big exchanges delists XRP, it will probably mean its death.
However, there lies the potential as well – if the suit gets dropped, XRP will literally moon. I can see a 15x in a matter of days, if such news of a dropped lawsuit ever happens.
Ok, but what should I do now?
I would set aside some money I CAN AFFORD TO LOSE and put a ridiculously low buying position for XRP – something below 500 sats. If it drops that much, you can get a lot of tokens dirt cheap. It could completely dry out and you lose your position. BUT, it could fly way past moon and hit Jupiter or even the Sun itself if the lawsuit ends up in their favor.
This Ripple price prediction wouldn’t be complete without a short forecast on the current year.
XRP, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, XRP can hope for one as well. Bitcoin usually has a cool-off phase after its mega bull runs and that is when the altcoins take over and have a field day with the bulls, often doubling or tripling their price within days.
With the pandemic breakout, the world was sent into hybernation for couple of months and it reflected negatively on the cryptocurrencies, sending bitcoin downhill as we witnessed even 40% daily losses. However, situation quickly stabilized and bitcoin as the flagbearer took the crypto market back up. We are in a major bull run since the summer and, if we are listening to the analytics from social media and journalistic desks, we are far away from its local zenith.
What this means for Ripple price in 2021?
As long as bitcoin is in the main role and pulling upwards, there is little room for XRP to shine. It will, however, increase its USD denominated value thanks to the overall rise in crypto prices. Nevertheless, XRP to BTC ratio will probably slump, possibly to all-time lows. This means that it is best to keep your funds in bitcoin until it reaches its provisional peak, opening the doors for the altcoins to enter the scene. Ripple will be among the top candidates to record big gains, as the money usually flows from bitcoin profits to bluechip altcoins and big cap coins before trickling down to the less known and smaller projects.
XRP Community in decayAccording to a recent article by Decrypt, XRP community is in a serious deflation in the last two years.
Over 63% of Ripple’s Telegram community members have left over the past two years.The price of XRP is currently down 95% since its all-time high in January 2018.Previously, unhappy XRP holders even threatened to fork the token unless Ripple stops dumping it. Realistic XRP Price Prediction in 2021Anything between $0.15 and $0.50 is fairly realistic price prediction ripple can get. The $1 is the ceiling for XRP that could be reached should the whole market embark on another crazy bull run. To narrow it down a bit – $0.25 to $0.50 is probably the most likely zone for XRP for the upcoming months and potentially years.
The XRP prediction for the 2023 – 2025 – 2030As for XRP long term future prediction: it is one of the trickier to assess. The Ripple company seems to have a good business model (selling XRP tokens to finance brand building and partnership acquisition) and its future appears to be very bright from this standpoint.
However, XRP tokens are highly disputed in the whole story. What is XRP connection to Ripple? It is a multifaceted answer and depends heavily on who you ask. Ripple works hard on distancing itself from the XRP token, even though it is and has been its mother lode since its inception.
The use case for XRP is viable, however, it is easily replicable by other major institutions like JP Morgan and co. So, there is a big vector attack on that end.
There is also the velocity problem for XRP tokens which, in essence, tells us that even if there are a lot of XRP transactions and half of the world starts to use XRP for value transfer – there is no clear path for value increase of individual XRP tokens. Read more about it here.
All of this means one thing: XRP has speculative value right now and it will have it for the forseeable future. However, real value that is not bought by marketing gimmicks of its parent company will be very hard to accrue.
XRP short term future is a goldmine for speculators – but dangerous play for risk averse investors. The later ones are better off if they invest in bitcoin.
Quick interruption …
If you are still on the fence if you should buy XRP or not, here is a full guide on buying XRP. And below is a quick overview of best places you can buy Ripple tokens.
Coinbase CEX.io Coinmama eToro (XRP CFDs) BitpandaOnce you buy your XRP, you will want to store it on a safe, un-hackable place and you need a good wallet for that. Here is a full guide on best XRP wallets and below is a quick overview.
Ledger Nano X Nano S eToro Wallet Trezor T CoolWallet S Market XRP price prediction 2020There are numerous sites that have predicted potential future price targets. The truth is: No one can really know. You can only get close to a goal by good arguments and numbers.
Ripple Price Prediction By Each Year by CoinGape YearCurrent PricePotential HighPotential Low2019$0.2350$1.0$0.222020$0.2350$3.0$1.52021$0.2350$5.0$2.52022$0.2350$10$5.02023-2024$0.2350$15$10 Walletinvestor – XRP price in December 2020 is expected to be at $0.19, pretty much around the same level like now.Cryptoground – a much more positive forecast from Cryptoground as they see the price rise of around 50% to $0.31.InvestingHaven – One of the rapidly growing cryptocurrency websites, InvestingHaven considers that the downtrend in 2020 was nothing but “traction in adoption.” The website expects “a bullish outcome before end 2020.”Oracle Times is a small media publication focused on cryptocurrency industry. In their article about price prediction, ripple token got an eyebrow raising mention: a ludicrous idea that XRP might surge as much as 2000%, and they mentioned it could be possible only if Ripple becomes the best choice for cross-border payments by financial institutions. The cross border transactions account for around $9.8 trillion. Ripple Price Prediction 2021By 2021, we should see if cryptocurrencies have some future or not. The fate of the whole industry will depend on bitcoin. If bitcoin penetrates the traditional finance markets, some of the altcoins might slip through the cracks into it alongside the king.
Putting a precise number out is really not serious but some have done it – $2 for one XRP in 2021 is often quotes a reality.
Ripple Price Prediction 2025 – How much will Ripple Be in 5 years?As per diverse online forecast websites, the price of 1 Ripple (XRP) will be around $4.52 in 5 years, right before we see the year 2025.
Read our updated guide on best XRP wallets.
I would actually be immensely surprised to see XRP in its current shape and form be live and kicking in 2025.
Ripple Price Prediction 2030Again, shady and low reputation online sites predict ripple price in 2030, and tell us that XRP might reach $17.0576. Just to remind you – 2030 is 10 years away – do you really think that some algo or a human being can predict anything that much into the future?
I thought so.
Can you mine XRP?No, XRP ledger has a special consensus algo that keeps it live and transparent – read more about it here.
How do you buy XRP tokens?You can click here to read how to buy XRP.
How high can Ripple go?Depends who you ask. There are some ridicolous predictions based on “math” that XRP will reach $589. Theoretically, it can go as high as any other asset, digital or traditional. However, if we are to keep it real, in ideal case XRP could reach its former all time high of $3.40.
Can XRP reach $10?According to many analysts, crypto will grow to $3 trillion market cap, meaning more than 10x from its current size. If the market share of individual coins remain in same proportion as it is right now – that would mean XRP will be $3. In order for XRP to reach $10, it would either need to outpace the rest of the market or the crypto market would need to grow to $10 trillion, which is unlikely in the forseeable future.
How much XRP do you need to become millionaire?Based on the current prices, you would need 333k XRP in order to have $1 million. Should XRP grow in value, the amount of tokens you would need would go down. Having 100k XRPs is a good number for an aspiring millionaire.
Frequently Asked Questions Q: Will XRP reach 100 USD?A: Simple answer – extremely unlikely. Getting to $10 is a pipedream, $100 is as likely as Sun coming out on the west.
Q: How much will XRP be worth in 2020?A: Most likely below $1. Very unlikely to be above $1.
Q: Why is XRP going down?A: Crypto is a rollercoaster – going up and down in strong, sharp, sudden moves. XRP is part of that crazy ride so that is why it is going down. Or up, depends when do you join the circus.
Q: Will XRP recover?A: There is a theory called Lindy effect. The Lindy effect is a theory that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy. Considering crypto and XRP survived yet another year, the outlook for the future is better with every day and XRP is likely to recover but I would argue that reaching the ATH is out of realm of possibility in the next 5 years.
Q: Can Ripple reach $1000?A: Anyone that claims this is delusional and should be under constant medical monitoring. The only way Ripple can reach $1000 is if you batch 5000 tokens together and sell them for $1000.
Q: Can Ripple be the next Bitcoin?No, it can’t. Mostly because it doesn’t aim to be the next bitcoin as it has a completely different goal in mind – XRP is stricltly focused on international payments while BTC aims to be digital gold and universal store of value.
Q: Can Ripple make you a millionaire?Anything is possible and dependent on how much XRP you hold. If you hold hundreds thousands of XRP, then it can definitely make you a multi-millionaire.
Q: Can Ripple replace Swift?Ripple’s ODL network does seem to have significant efficiency advantages over an old technology like Swift. However, in order for Ripple to replace Swift, superior tech is not the only condition that is required. Other factors, like politics and lobbying, play even more significant role in these types of decisions and changes.
Q: When should I buy Ripple?Provided you did your research and are convinced XRP is a good investment, it is always a good idea to use the investing technique dubbed as dollar cost averaging. That means, you should spread out your investment over broad time period so you minimize your exposure to market volatility and bad timing.
Final wordsWhat does the final forecast look like – is Ripple price prediction something to take seriously? You definitely should not invest your money based on something your read on the internet. Basically, no one can say exactly where the coin is going. However, it seems that there are many more positive opinions than negative ones.
Voices that appear from time to time claiming XRP will go to $20 or even $500 should be ignored. That seems to be a pipe dream and illusion manifestation by the predictors. Even reaching the current all time high is probably out of question for XRP in the next 12 months.
The post Ripple’s XRP Price Prediction 2021 | 2025 | 2030: Future Forecast for XRP Price appeared first on CaptainAltcoin.
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