Ripple XRP Price Prediction: How High Can XRP Go?

August 1, 2024

Price Prediction

Ana Rojas

Ripple (XRP) is a company that aims to provide cross-border payment solutions to banks and financial institutions. For a long, it’s been one of the top 10 cryptocurrencies in the world, and investors and traders alike have been speculating on whether this project is going to become even more popular and more used in making payments all around the world. Discover the XRP price prediction in StealthEX’s latest article.

Ripple (XRP) Overview

Ripple positions itself as an updated version to the SWIFT system and is already being used by banks and other financial institutions. XRP is different from other cryptocurrencies in that it is not managed by a decentralized community but rather is held by a single corporation. Furthermore, it does not present itself as a substitute for conventional money. XRP aims to function as a type of intermediary currency, facilitating international trade between any form of value, including fiat currencies and cryptocurrencies. 

Building a network that enables the fastest feasible processing of numerous transactions at the same time is the primary objective of XRP. Large banks, remittance services, and payment providers are among the businesses that XRP hopes to draw in with its technology. With this in mind, it becomes evident that Ripple is more of a rival to well-known financial infrastructure services like SWIFT than it is to other cryptocurrencies like Ethereum or Bitcoin.

XRP differs from other cryptocurrencies. First off, the XRP network doesn’t run on a blockchain and doesn’t rely on mining to mint new units of XRP or to validate transactions. Rather than going through a central ledger directly, transactions on the XRP network are processed by validating servers, which are continuously comparing the data they receive. Because of this, XRP enables quicker transaction rates without consuming as much energy or processing resources.

Jed McCaleb, Arthur Britto, and David Schwartz developed the XRP Ledger during the course of 2011 and early 2012. There were 100 billion XRP in circulation at the moment of inception. When Jed, Arthur, and Chris Larsen founded Ripple (which was then known as OpenCoin Inc.) in September 2012, they made the decision to give Ripple 80 billion XRP in exchange for Ripple working on the XRP Ledger. Since that time, the business has sold XRP on a regular basis, strengthened XRP marketplaces, increased network liquidity, and provided incentives for the growth of the larger ecosystem.

Ripple (XRP) Features

XRP offers a number of features within the crypto space. These are:

1. Speed. Transactions settle on the XRP Ledger in 3-5 seconds.
2. Low cost. XRP transaction fees cost $0.0002 per transaction on average.
3. Versatile exchange network. The XRP network not only processes transactions using XRP, but it can also be used for other fiat currencies, cryptocurrencies and commodities.
4. Scalability. The XRP Ledger consistently handles 1,500 transactions per second, 24×7.
5. Distributed network. The XRP Ledger is decentralized, run by a global network of 150+ validators.
6. Sustainability. The XRP Ledger is 61,000x more energy-efficient than proof-of-work blockchains.

XRP Price History Highlights 

• 2012: XRP launched in August 2012. XRP price then was $0.01. It stayed steady until November 2012 when it increased to $0.04. However, within the month, XRP’s price dropped to $0.03 and was down to $0.01 by February 2013.
• 2013: In May 2013, XRP went to zero, and by July – to $0.01. 
• 2014-2016: The price of XRP had continuous highs and lows, but generally the cryptocurrency cost very little.
• 2017: In April 2017, XRP increased in price to $0.05. In May 2017, it went up to $0.25 and further increased to $0.26 in June. Later it dropped to $0.17 in July.
• 2018: In January 2018 XRP reached its all-time high of $3.84.
• 2019-2020: Throughout 2019 up to November 2020, the prices had their highs and lows. In November 2020, XRP price increased to $0.61 but dropped to $0.21 by December 2020. 
• 2021: In March 2021, the XRP price increased to $0.57 and further increased to $1.4 by April 2021. By September after some ups-and-downs, it rose to $1.39.
• 2022: The coin did not rise to a new all-time high in 2022, and XRP continued a bearish trend. At the end of 2022, XRP was trading at around $0.38.  
• 2023: XRP hit $0.3 in the first week of 2023 and has since been in a steady upward trend. 
• 2024: During the short bull run in March of 2024, XRP reached a peak level of $0.718. At the moment, its price fluctuates between $0.5 and $0.6.

XRP Price Chart    

CoinMarketCap, August 1, 2024

Ripple XRP Price Prediction: 2024, 2025, 2030-2040

XRP Coin Price Prediction 2024

DigitalCoinPrice experts believe that in 2024 XRP can fall below its current price, to $0.54 (-9%), while it can reach $1.31 (+118%) at its highest point.

PricePrediction crypto analysts believe that in 2024 XRP is expected to cost $0.5654 (-5%) at its low, while at its maximum XRP might reach $0.6715 (+12%).

Telegaon analysts think that the minimum lowest price XRP can hit in 2024 is $0.62 (+3%) vs its maximum price of $1.28 (+113%).

XRP Price Prediction 2025

According to DigitalCoinPrice, XRP will cost more than it does now. In 2024, its price can go as high as $1.55 (+158%) per coin. At its minimum, the coin might drop to $1.29 (+115%).

Based on the experts’ forecasts at PricePrediction, in 2025, XRP crypto will continue rising in price: $0.8214 (+37%) at its lowest point and $0.9717 (+62%) at its peak.

Telegaon experts predict that in 2025 XRP might go as low as $1.35 (+125%), while at its maximum it can reach $2.17 (+262%).

XRP Price Prediction 2030

According to DigitalCoinPrice, by 2030 XRP will see the lowest price of $4.04 (+574%), while at its peak it might finally reach $4.48 (+648%).

PricePrediction analysts believe that by 2030, XRP coin will reach a maximum level of $6.23 (+940%), while its minimum price will drop to $5.25 (+776%).

Analysts at Telegaon think that by 2030, XRP is going to reach $14.03 (+2,243%) at its peak and might trade at a minimum of $10.86 (+1,713%).

XRP Crypto Price Prediction 2040

According to PricePrediction forecasts, in 2040 XRP will reach staggering price levels for this asset: its minimum price is expected to be $326.83 (+54,489%), while its maximum price is going to soar to $391.1 (+65,224%).

When it comes to long-term predictions, Telegaon experts believe that XRP will hit $41.08 (+6,761%) at its lowest point or it can go to an all-time high of $50.34 (+8,308%).

XRP Price Prediction: Experts’ Opinions

The key reason behind XRP’s underperformance is the U.S. Securities and Exchange Commission’s pending case against XRP. Last year, a judge declared that XRP had sold illegal securities to institutional clients when it sold XRP to them. Now, the agency is asking a federal judge to fine the fintech business $2 billion. It seems that this case may now be at the point of being somehow settled. Speculation about Ripple attending the closed meeting to discuss settlement terms in the Ripple case fueled an XRP rally to a July 17 high of $0.6378.

According to a pro crypto lawyer Bill Morgan, a settlement ‘is unlikely to happen but if it does it is a compromise not a big win. It means both parties give up something.’ If successful, the outcome of the meeting might mean a new price bull run for XRP. As rumors of a settlement circulate, investors should stay alert. Keep abreast of our most recent news and analysis to control your exposure to XRP and the larger cryptocurrency market.

XRP USDT Price Technical Analysis     

Tradingview, August 1, 2024

Now that we’ve seen possible price predictions for XRP, let’s find out a bit more about the factors that can influence its price.

What Does the XRP Price Depend On?

Similar to any other currency, supply and demand dynamics have a significant impact on XRP’s price. The demand for XRP rises as more companies and customers use XRP for their transactions, which may result in a price increase. Updates to the project improve the network’s scalability, security, and efficiency, raising the price of XRP. Every advancement in technology has the ability to increase investor trust and, in turn, the price of XRP.

Moreover, since XRP is a digital currency that is closely linked to conventional financial institutions, regulatory news and any prohibitions has a big influence on it. The world of crypto is constantly monitoring the outcome of the XRP’s court case with the SEC and positive or negative news are most likely to affect the coin price.

When assessing XRP coin as an investment, keep the following considerations in mind:

• Supply and demand;
• Market sentiment;
• Advancements in technology;
• Wider adoption;
• News concerning the court case;
• Regulatory decisions.

Risks and Opportunities

First of all, XRP suffers from points of centralization. Roughly 60% of XRP are controlled by the private, for-profit company XRP forcing users to trust a large entity (like a bank) with the fate of their money. Ripple is also not censorship-resistant; it has an outsized influence over the Ripple network and can indirectly have funds frozen. Moreover, the project faces increased competition from private companies like Facebook, central bank digital currencies (CBDCs), actual bank coins like JP Morgan, and the proliferation of private stablecoins.

However, the project is extremely well-funded and it can boast an impressive team with close ties to U.S. regulators and powerful financial institutions. It’s acquired name-brand recognition and is often discussed in media behind Bitcoin and Ethereum. If the outcome of the company’s case against the SEC favors Ripple, it may lead to further acceptance of the coin and new, higher, price levels.

How High Can XRP Go?

Telegaon experts believe that XRP can hit $50 at its peak in 2040.

Can XRP Hit $5?

It’s possible if the market turns bullish and/or the news about the case against the SEC brings a new positive turn of events for Ripple.

Could XRP Reach $20?

Some experts believe it can happen as soon as 2026.

Can XRP Reach $100?

If we are to believe websites like Telegaon, this might happen in 2050.

How High Can XRP Go in 2024?

According to PricePrediction, in 2040 XRP will be trading at $1.3 at its peak.

Is XRP Worth Investing in 2024?

It’s a difficult question. A major factor in how XRP performs will be the outcome of Ripple’s legal fight with the SEC. Negative consequences could hinder XRP’s growth, making it a risky short-term investment. However, there’s a flip side – if Ripple wins, XRP could become more popular and widely accepted, leading to its value increasing.

How Much Will XRP Be Worth in 2025?

Telegaon experts believe that in 2025 XRP will cost $2.2 at its highest point.

What Is the Future Price of XRP in 2026?

According to Telegaon, in 2026 XRP will hit $5.2 at its peak.

What Will XRP Be Worth in 5 Years?

PricePrediction believes that in 5 years XRP can go as high as $3.

How Much Will 1 XRP Cost in 2030?

Telegaon analysts think that in 2030 1 XRP will cost $14 at its peak.

What Will XRP Crypto Be Worth in 2050?

PricePrediction believes that in 2050 XRP crypto can go as high as $494 per coin at its highest point.

Why Did XRP Go Up?

This happened most likely because of new developments in their case against the SEC.

Has XRP Got a Future?

It’s possible that XRP can become more widely used and popular in the future. A lot will depend on the outcome of the court case against the SEC.

Is XRP a Better Investment than Bitcoin?

It is just as risky as Bitcoin is. Both are digital assets, and these can be very volatile. You should always do your own research to find out more about the risks of investing into cryptocurrency.

Is XRP High-Risk?

Just like any other cryptocurrency, XRP is considered to be a highly volatile asset and the XRP price tends to fluctuate in response to events happening in the market. It is a high-risk investment, just like other digital assets.

Conclusion

Ripple is undoubtedly eager to change the configuration of the cross-border payments and remittance industries. The banking system, which is operating on technology that is more than a decade old and in desperate need of an upgrade, gains much-needed and improved efficiency from this reliable payment protocol that aims to remove any needless middlemen involved in a straightforward cross-border transfer. As more banks and financial organizations jump on the Ripple bandwagon, current financial structure may become obsolete, while XRP crypto will be heading towards more acceptance and a larger variety of use cases.

Where to Buy XRP Coin?

StealthEX is here to help you buy XRP crypto if you’re looking for a way to invest in this cryptocurrency. You can buy XRP privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy XRP Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to XRP. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.