XRP Price Prediction for 2023, 2024-2025: Will Ripple go up?

2023-01-09 2023-01-09
Ripple Price Predictions: 2023 and Beyond

Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/

Ripple XRP is one of the world’s foremost cryptos – and one of the most intriguing. Unlike Bitcoin, Ethereum, and other big names, it does not market itself with its decentralization. Instead, the crypto is closely associated with several banks, investment companies, and organizations worldwide.

This may seem counterproductive when many traders believe that the biggest trading point of cryptocurrencies is their freedom of influence from outside companies. However, crypto experts are increasingly arguing that it could be the key to Ripple’s success. 

At the end of 2020, the company faced an SEC lawsuit that put the Ripple future under threat. XRP is highly volatile. In 2021, it suffered significant price fluctuations. The price was quite stable until April, but it skyrocketed by over 240% only two weeks into the month. Bulls tried to keep the price high. However, the negative market sentiment pulled the rate down, so XRP lost around 70% in value from May 18 to July 20. The rate was surging again from July to September – within two months, the price had risen by over 167%. A new downtrend began in November and is still in force (February 2022). 

Enormous volatility was mostly caused by updates on the SEC lawsuit. Although increased volatility is always an opportunity to get a higher profit, it bears high risks. However, Ripple CEO Brad Garlinghouse sees progress despite a slow-moving judicial process and expects the lawsuit to end this year. Still, it’s just an expectation, not a resolved case. 

Making a Ripple price prediction is challenging for experts and common investors. Do analysts anticipate the same case outcome? Where will the price go? Why is Ripple going up and down? How high will Ripple go? Let’s find out!

What Is Ripple Crypto and the History of XRP?

Ripple or XRP: are they synonyms or different terms? If you are new to the crypto market, you may have such questions in your mind. Thus, we will start our price guide with basic terms. It will allow you to differentiate Ripple’s products.

Put simply, Ripple 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 protocol’s internal coin. 

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 is used to deal 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

Ryan Fugger was the first person who announced the idea of Ripple. It was in 2004. However, the protocol’s real history started only in 2012 when Jed McCaleb and Chris Larson took over the project. 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 all around the world. 

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. 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 priced from all sides – what could go wrong?

Here we are. It’s time to find out what is expected of Ripple in 2022 and beyond. 

Keep reading to find out how the price of Ripple has changed over time and what you can expect in the future.

How Has The Price Of Ripple Changed Over Time?

It’s wrong to check XRP price predictions without looking back at recent and not-so-recent events. The SEC situation made that even more precise. The Ripple price today on 12.01.2023 is $0.37100. Looking at the full price chart below, you can see how the price of XRP changed over the years.

XRP was stable from its launch in 2013 until early 2017, when the sideway movement ended. By the end of 2017, its price skyrocketed by 35,000%. This success occurred as Ripple managed to achieve a threshold of 100 banks worldwide that signed on to RippleNet. 

On January 4th, 2018, the XRP/USD rate reached an all-time high. However, it couldn’t sustain those levels, and it subsequently dropped by 76% within one month. The plummet was caused by fears of new regulations on the Asian markets. This factor affected not only XRP but also other cryptos. In 2018, the total market cap for cryptocurrencies declined by around 43%. 

The sharp downtrend that continued until February was also boosted by other factors. Facebook declared it would ban advertisements for cryptocurrencies and ICOs. US regulators summoned Bitfinex and Tether to a court. The further decline was spurred by the finance minister of India, who said the country would do everything it could to discontinue the use of virtual currencies. 

However, the year did not only bring bad news for XRP. A significant surge took place in September 2018. Within several days at the end of September, Ripple grew by over 140%. The XRP/USD rate was pushed up after Ripple’s Head of Regulatory Relations for Asia-Pacific and the Middle East, Sagar Sarbhai, said the company would release a product to expedite bank transactions with the use of XRP. 

2019 was quite stable for Ripple, with no dramatic ups and downs. As the Ripple network is very active in Southeast Asia, news on cross-border payments and state cryptocurrencies in this region significantly impacts its price. For instance, the XRP’s rate moved up after Japan and South Korea started working on time and cost reduction for transferring international funds between the two countries. By the end of 2019, the downtrend strengthened.

During 2020, the XRP market price was relatively stable with several medium-term bullish and bearish trends. After the upward movement at the beginning of the year, the price was declining for a month, from February to March. The next bullish trend occurred in July but finished in less than a month. The main rise happened in November when the price hit a maximum of $0.79. 

Why is Ripple going up or down? If you think that something specific is hidden behind these price movements, it’s a mistake. The major Ripple trends are positively correlated with BTC movements, so even Bitcoin halving can affect the XRP price. The cryptocurrency repeats the trend of the primary market. 

Still, there were some certain events we should mention. Investors’ sentiments determine the price direction of any asset. Ripple supply/demand factor plays a huge role. In April 2020, the co-founder of Ripple Jed McCaleb sold 54 million Ripples. It’s not a surprise that the price moved down after the event became public. 

New agreements with leading banks are one of the main drivers of XRP’s price. For example, in August, India’s largest bank HDFC Bank Limited joined RippleNet, in November, the second American largest bank, the Bank of America, signed an agreement with Ripple. 

In December, such leading US exchanges as Coinbase and Binance claimed support for the upcoming airdrop of Spark tokens by Flare Networks. The Flare airdrop took place, and 45 billion Spark tokens were distributed among the XRP holders. The XRP price increased on the news; however, it was corrected shortly. 

Such events have short-term market effects that aren’t visible on high timeframes.

Well, we have come to the most significant event that is still affecting Ripple. The SEC, the US stock market watchdog, is challenging blockchain company Ripple Inc. in court, along with its two top figures, CEO Brad Garlinghouse and founder Christian Larsen. The regulations in the US are tough. The Securities and Exchange Commission’s accusation is that unregistered securities worth $1.3 billion were sold in 2013. It is an old case hanging over Ripple for as long as we can remember. Ripple has always maintained that the digital currency is a currency instead of a security. Because otherwise, they’d have to comply with a lot of different rules according to American law. Many are amazed that the US apparently wants to slaughter the goose that lays the golden eggs.

In two days, from December 22 to 23, 2020, the XRP rate dropped from approximately $0.50 to just under $0.30. From third place as the most important cryptocurrency, the coin moved to fourth place, behind stablecoin Tether.

What Happened to XRP in 2021?

XRP started 2021 at lows. Only on January 30th did the cryptocurrency break above $0.40. After the breakthrough, XRP was trading within a narrow $0.40-0.60 range from the end of January to April 4th. The strong uptrend started on April 5th and lasted until April 14th, when the price reached $1.80 (the high of January 2018). The surge was caused by two court rulings in favor of XRP. 

However, from April to June, the market saw a strong drop in the XRP rate – more than two times: from $1.83 to $0.51. This happened amid the ongoing litigation between the SEC and Ripple, but the reason was the overall negative dynamics of the crypto market, which collapsed from previously reached historical highs. In June, the SEC requested to extend the case consideration by two months, which the court granted. From June to the beginning of September, against the backdrop of a lull in the court, XRP’s rate increased from $0.51 to $1.39.

However, XRP couldn’t maintain its bullish trend and plunged on September 7. The significant plummet was caused by the fall of BTC. Experts couldn’t find the real reasons for Bitcoin’s decline on the same day it became legal tender in El Salvador. Such events usually push the price up, but not this time. 

XRP wasn’t as successful in recovering as Bitcoin was. It took 2 weeks to restore the uptrend. Although the XRP/USD pair hasn’t reached the highs seen at the beginning of September, the uptrend is in force. 

On November 9, Ripple announced the upcoming launch of a marketplace for financial firms. It will allow financial service companies to offer their clients an option to buy, sell, and hold cryptocurrencies at the best market prices. The start of the platform, which will be called Liquidity Hub, is scheduled for 2022. Firms’ customers will be able to use it to buy crypto assets from various sources. Although this news couldn’t cause XRP to appreciate, the actual launch may boost its price. XRP lost over 16% in value on November 10.   

The limited reaction to the news was caused by the ongoing SEC case and the overall negative market sentiment. The court ordered the company to properly search for and turn over video and audio recordings of its internal meetings. Moreover, Bitcoin, along with other altcoins, moved down on November 9-10. 

This loss was just the beginning of the medium-term downtrend. On December 31, XRP traded near $0.83. The price fell by over 33% in less than two months. On December 4, the asset lost around 30% within a day. Although all cryptocurrencies declined that day, Ripple was the worst-hit crypto amid the overall market plunge. Such a dramatic fall was caused by the unstable Ripple market position driven by the SEC lawsuit. 

However, the lawsuit news is not always a reason for a price fall. Sometimes, the news can push the XRP value up. For instance, on February 7, 2022, the cryptocurrency rose by over 20% as the court allowed the company to respond to the Memorandum of Law released by the SEC in support of the Motion to Strike fair notice defense.

Now the XRP rate depends on rumors, news, and the general market situation. If the crypto market continues to grow and Ripple wins the court case, it will see significant gains. But by investing in XRP, you are buying an increased risk of uncertainty. We would recommend refraining from buying until the situation with the court is cleared up.

Trading is another matter. XRP’s rate is sensitive to any news and rumors, and it shows significant movement (both growth and decline) after such. By trading, you can bet on the growth of XRP but also on its fall.

XRP Price Prediction for 2022 by Crypto Experts

As you can see from the previous section, the SEC case has a dramatic effect on the XRP price. Although the company tries to broaden its business network, cooperate with the world’s leading companies, and develop new products, such as Liquidity Hub, the native token can’t increase its value. So, the situation is not so obvious.

How should investors behave in such uncertain circumstances? Is Ripple expected to rise or fall? Look at experts’ predictions. 

#1 TradingBeasts

TradingBeasts expects the average XRP price to stay slightly above $1 until November — at which point, it will fall below this threshold. The website sees a downward movement throughout the year. The maximum price may reach $1.2725 in April 2022. However, afterward, the downtrend will prevail, so the maximum price will decline. The fall won’t be crucial, as the minimum price won’t fall below $0.8373.

The XRP outlook was reviewed by the website. Previously, the maximum value was expected to move above $1.58.

#2 Wallet Investor

This website’s forecast is more optimistic than the one of TradingBeasts. Although the average price of the XRP will move above $1 only in November, the overall trend will be bullish.  The highest price will hit $1.60 by the end of the year. However, the difference between the low and high price signals increased volatility. The minimum rate will be near $0.40 in April. 

#3 Crypto Ground

The Ripple forecast of Crypto Ground can be called promising. The source predicts a price to rise above $1 by the end of the year. On the last day of December, XRP’s rate will be $1.05.

#4 Coin Price Forecast

This website projects an uptrend for the XRP/USD pair. According to the Coin Price Forecast, the price may reach $1.1383 one year from now. The forecast was reviewed. Just recently the platform expected XRP to be slightly above $1.

#5 Long Forecast

Below, you can check the Ripple coin price prediction by the Economy Forecast Agency. The source expects a downtrend. The price of the XRP/USD pair will suffer ups and downs. At the end of the year, the price will close at $0.54.

Ripple 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.

As shown in the picture above, the chart almost reproduced Ripple’s price history in 2018, and steep growth in April 2021 came before as fast a fall in May-June 2021. Based on XRP price history, we can presume that Ripple’s projected value may hold steady at 0.786 Fibonacci of April’s peak, which equals 0.50 USD. 

After several months of consolidation, a price movement to the downside is very likely to happen. A projected fall may unfold down to the growth bottom at 0.20 US dollars.

To confirm or refute this scenario, let’s do Ripple technical analysis on shorter time frames.

Ripple price prediction for three months

Let’s take a look at XRPUSD weekly price chart.

In the first place, let’s compare Ripple‘s current small price movements with the 2018 scenario. As the chart above suggests, the current market situation is similar to what was in April 2018, when the Stochastic RSI almost reached zero after a reversal at the peak and a steep correction. Now the situation repeats itself. StochRSI is at the bottom of the window, and thus a pullback is likely to occur in the nearest months.

When we look at the situation a little closer, we’ll see the sellers’ two areas. The first one is at the peak, at around 2 USD. The other one is near 1 USD. Those levels are marked with green lines in the chart.

Projected pullbacks are unlikely to break out those levels. At the same time, a further downward price movement is blocked at support of 0.5 USD, the red line in the price chart above.

Examining the current price movement in the daily chart, we see bullish counter-volumes. Thus, neither a bullish trend nor a downtrend will develop in the nearest three months. The Ripple price is blocked in the range of 0.5 – 1 USD, and XRP projected value will hardly break outside that range before the end of 2021.

Ripple price forecast for 2021

Here’s a realistic Ripple forecast for the end of 2021.

The price is consolidating in the daily chart above. Ripple‘s expected trading range isn’t likely to break through the current limits of Bollinger Bands. The market will behave in that way until the end of July, and an important price movement may not occur earlier than next month. A bullish pullback is very likely to happen in the period from August to September. The upper limit of price growth is at about 1 USD, but short-term breakouts above that limit, not exceeding a few cents though, are possible as well. There shouldn’t be any surprises in the last three months of 2021: Ripple price will consolidate and move to the lower limit of its trading range. Ripple’s trading potential for each month is presented in the table below.

Long-term trading plan for Ripple

A trading plan based on the above scenario may look like the following:

Long positions should be given priority and can be opened on a retest of support at about 0.50 USD and on a breakout of the level of 0.75 USD after the end of local consolidation. In both cases, a stop-loss order shall be placed beyond 0.50 USD. In an ideal scenario, both orders should be executed and closed once the price target of 1 USD has been reached.

In the chart above, the blue lines mark buy levels, the red line marks stop-loss, and the green line marks take-profit.  

Be aware of risks when opening such trades! Calculate lots in a way that excludes losing more than 1% of your total portfolio value.

The XRPUSD price technical analysis is presented by Mikhail Hypov.

Weekly Elliott wave Ripple analysis as of 09.01.2023

The XRPUSD market continues forming the global correction B as a double zigzag [W]-[X]-[Y], with the bearish wave [Y] developing inside as a triple zigzag (W)-(X)-(Y)-(X)-(Z). The first four sub-waves must have finished, and the final motive wave (Z) is still developing. Let us study the market situation in the eight-hour timeframe.

The bearish sub-wave (Z) is unfolding as a simple zigzag A-B-C. The A impulse has completed. Correction B has finished as a contracting triangle [A]-[B]-[C]-[D]-[E]. The Ripple price must be falling in the final impulse wave C to a level of 0.298, the previous low. One could enter short trades in the current situation.

Weekly XRPUSD trading plan:

Sell 0.349, TP 0.298

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

Ripple Price Prediction for 2023 by Crypto Experts

Things aren’t less challenging for Ripple now. The price will keep jumping until the SEC case is resolved. Let’s see what leading crypto sources say about the Ripple value in 2023.

#1 TradingBeasts

TradingBeasts provides a quite optimistic prediction for the XRP rate in 2023. Starting the year at $0.9743, the average projected value will move to $1.01 by December. Still, the price will fluctuate up and down throughout the year. Although the price isn’t expected to skyrocket, a solid uptrend is always positive for investors.  

#2 Wallet Investor

As for Wallet Investor, the Ripple price forecast is also encouraging. The platform predicts the price will stay above. By the end of the year, the price will cross $1.7. The maximum price will reach $2. At the same time, volatility will be enormous. The minimum price will fall to $0.75.

#3 Crypto Ground

Crypto Ground also expects the XRP value to increase. The source sees a bullish trend in 2023. The price isn’t expected to suffer large losses. At the beginning of the year, the uptrend will be moderate. However, by the end of 2023, the price will reach $1.47.

#4 Coin Price Forecast

Coin Price Forecast predicts an upward trend in 2023. The price will start the year at $1.05. By the middle of the year, the price will reach only $1.11. Still, the rise will be more robust in the second half of the year. By the end of 2023, XRP may be at $1.36. 

#5 Long Forecast

The Economy Forecast Agency has a negative forecast for Ripple in 2023. Throughout the year, the price of XRP will plunge to the lows seen in March 2021. The lowest price of the year will be set in March at $0.38. The maximum value of $0.60 will be reached only in December.

Ripple Price Prediction for 2024 by Crypto Experts

Moving further, we see that analysts expect XRP to hit exclusive highs that haven’t been seen since 2018. What awaits the XRP coin price in 2024? How much will it cost?

#1 TradingBeasts

TradingBeasts has a neutral outlook for 2024. The average exchange rate of the XRP/USD pair will move within the $0.82-$1.08 range. The maximum price of the year will be $1.35 in December. The minimum rate won’t fall below $0.70. As you can see, the volatility will be high, as the difference between the minimum and maximum rate is large.

#2 Wallet Investor 

The Wallet Investor website gives a positive forecast about the XRP future. The average price will break above the $2 psychological level. Although XRP/USD will start the year at $1.72, the maximum rate will be above $2 in January already. The price will reach $2.17 by the last day of 2024. The low price won’t fall below $1 during the whole year.

#3 Crypto Ground

Crypto Ground is still optimistic about the XRP price. Despite a slight correction at the beginning of the year, the cryptocurrency is anticipated to reach $1.93 by 2025.

#4 Coin Price Forecast

The Coin Price Forecast platform expects Ripple to start 2024 at $1.36, soar to $1.46 within the first six months of the year, and finish 2024 at $1.68.

#5 Long Forecast

The Economy Forecast Agency is bearish about Ripple in 2024. The price will be set at $0.56 in January. The overall downward trend will lead the coin to $0.29 at the end of the year. The low price will largely depreciate and reach the lows of January 2021.

It’s worth mentioning that most experts predict a price increase; however, before you decide on a long-term investment, you should once again check the forecasts, as they may change.

Long Term Ripple Prediction: 2025-2030

How much will Ripple be worth in 3-7 years? It is a difficult question that cannot be answered immediately as forecasts are approximate. You never know what will happen to the price tomorrow. It is, therefore, best to be aware of the latest Ripple news. Then you know what the project and the community are doing. To have a good understanding of the blockchain projects, check which developments are planned, which collaborations they are working on or already exist, how they are working with the community, and other factors. 

Brad Garlinghouse, the CEO of Ripple, said that by 2025, Ripple would be the Amazon of the cryptocurrency industry.

#1 TradingBeasts

Currently, TradingBeasts only projects as far as 2025. The average price is expected to rise compared to 2024 and stay above $1 during the whole year. The maximum price will climb to $1.67 in December. The only negative factor is the low price, which may be below $1 until May 2025.

#2 Wallet Investor

The Wallet Investor website is positive about XRP in 2025. The average price will stay above $2 during the year. There is a chance the maximum price will surge to $3.48 at the end of December 2025. In 2026, there won’t be a solid uptrend. Still, the average rate will cross the $3 psychological level at the end of the year. The high price will stay above $3 from January to December. But traders and investors should pay attention to high volatility. The low price won’t rise above $2. In the first two months of 2027, the average value of XRP will fluctuate near $3. The maximum value will stay above $4. However, the volatility will be high again, as the minimum price will fall below $2 in the middle of January and won’t return above it until the end of February.

#3 Crypto Ground

Crypto Ground reviewed its projections. Before, the source expected the cryptocurrency to surge above $3 in 2025; however, they now don’t see XRP above $3 even by 2027. Nevertheless, it doesn’t mean their outlook is negative. The XRP rate will keep rising throughout 2025 and 2026.  The $2 threshold will be crossed in 2025; by the end of 2026, the price will be near $2.86.

#4 Long Forecast

The Economy Forecast Agency provides a forecast for 2025 and four months of 2026. As usual, it is the most pessimistic source among those we mentioned before. According to the Economy Forecast Agency, the XRP price tends to zero. Starting 2025 at $0.29, XRP will fall to $0.15 on the last day of December. By the end of April 2027, the rate will plunge to $0.11.

#5 Coin Price Forecast

Coin Price Forecast projections look realistic but not optimistic. XRP is expected to rise from $1.68 at the beginning of 2025 to $2.59 at the end of 2030. The rise is limited. Of course, the price will move up and down over the 6 year period. Such long-term forecasts are very approximate as XRP is one of the most volatile crypto assets.   

Is Ripple a Good Investment?

Should I invest in Ripple? Ripple: buy or sell? Maybe these questions are still in your head. Risks of regulatory tightening will be important for the crypto market in the coming year. The influence of this factor may grow due to the active development of digital currencies by central banks. Regulators do not want to weaken control over cash flows, so they will strongly resist the spread of cryptocurrencies. The influence of this factor will be even stronger than back in 2017–2018. The development of DeFi is another risk for Ripple. 

Oddly enough, the coronavirus pandemic can support the virtual market. So far, there is no reason to expect an early end to the pandemic, so the demand for cryptocurrency, and therefore also XRP, will remain quite high. If the dominant driving force in the market had previously been individuals, then in 2021, it is institutions. Therefore, this year we will most likely see a smooth rise in the XRP coin. Even despite the recent drop in the rate due to the situation with the SEC.

The events in 2021 and the beginning of 2022 have confirmed that the XRP/USD pair still has major speculative characteristics due to the court case and the overall negative dynamics of the crypto market. However, the XRP/USD pair still produces volume and volatility. The XRP showed it can triple its capacity, then lose almost everything. It’s a good point for aggressive traders.

If investing in XRP seems like an interesting idea, you’re welcome to register a free demo account on LiteFinance! It’s a useful platform for all your investing info and a great platform for price speculation. 

Most experts expect the XRP value to grow if the SEC lawsuit is settled and the company provides the first crypto IPO.

Source: Coin Price Forecast

Price chart of XRPUSD in real time mode