Ripple XRP Price Prediction: How High Can XRP Go?

February 8, 2024

Price Prediction

Ana Rojas

Discover one of the most controversial digital assets on the market – Ripple (XRP). Ripples acts as a middleman for international transactions and was once intended to replace the SWIFT payment network. It has since then become a popular means of exchange and tops the market. XRP, the native cryptocurrency of the Ripple network, operates on the XRP Ledger, a unique blockchain. Unlike traditional cryptocurrencies, XRP employs a consensus protocol and unique node lists to secure and validate transactions, ensuring rapid confirmation. Find out more about XRP price prediction in StealthEX’s latest article.

Ripple XRP Overview

In 2012, Ripple Labs Inc. invented Ripple, a real-time gross settlement system, currency exchange, and remittance network. It is based on a distributed open source platform and accepts tokens that stand in for fiat money, cryptocurrencies, commodities, or other value units like cell phone minutes or frequent flyer miles. The ledger employs the native cryptocurrency known as XRP.

Beyond just being a currency, Ripple offers a network that can handle transactions involving different fiat currencies and cryptocurrencies. Prominent financial institutions have embraced Ripple, which is a testament to its dependability and functionality in and of itself given that large banks are still infamously reluctant to even consider the notion of blockchain technology. Ripple uses internet service providers, specialized businesses, and the esteemed Massachusetts Institute of Technology (MIT) to validate payments in the distributed process.

Ripple was a start up by technologist Jed McCaleb (who founded Mt Gox, the first successful crypto exchange, and Stellar, the software that powers the XLM cryptocurrency) and Chris Larsen, founder of the fintech companies E-LOAN and Prosper. Twenty percent of the $100 billion in XRP generated in 2013 went towards tokens, and eighty percent went towards Ripple Labs. XRP is premined, meaning that many of the tokens were created or mined before the project was launched to the public. XRP transactions settle in seconds, enabling payments in local currency for both parties and allowing institutions to bridge currencies. Transactions are confirmed by a network of 150+ validators (servers) that may be rewarded a place in Ripple’s Unique Node List.

Ripple Features

XRP coin offers a number of valuable features for the crypto industry. These are:

1. Small transaction fees. The minimum transaction cost required by the network for a standard trade is 0.00002 XRP. 
2. Scalability. Ripple’s scalability, with 1,500 transactions per second, make it a great alternative to Bitcoin.
3. Energy efficiency. Ripple’s inherently green attributes make it carbon-neutral and energy-efficient.

Ripple (XRP) Price History Highlights 

• 2013: Ripple (XRP) has been in the market since February, 2013. It was first traded in the cryptocurrency exchange in August, 2013 at price of $0.01. 
• 2014: Ripple’s lowest price was recorded on July 7, 2014 when it was trading at its all-time low of $0.0028.
• 2015-2016: All in all, Ripple saw little significant price action until the bull run of 2017. 
• 2017: XRP reached a local high point on May 16, 2017, when it topped out at just over $0.4 per token.
• 2018: XRP reached its highest price on January 4, 2018 when it was trading at its all-time high of $ 3.84.
• 2019: In June 2019, the price of XRP reached a high of $0.4705.
• 2020: The price of XRP plunged at the end of December 2020, after the U.S. Securities and Exchange Commission filed a lawsuit alleging that Ripple conducted a $1.3 billion unregistered securities offering. Consequently, XRP sank nearly 25% to around 35 cents.
• 2021: In 2021, as the entire cryptocurrency market was caught in a bull market frenzy, XRP again provided significant returns to investors who got in at the right time. After peaking near $1.4875 in May, the coin’s value dropped to $0.9 by December.
• 2022: On 31 December 2022, XRP was trading at $0.3399, having lost nearly 60% over the course of the year.
• 2023: In July 2023, the price of XRP reached a high of $0.794.
• 2024: At the moment, in February 2024, XRP coin costs around $0.5-0.52.

Ripple (XRP) Price Chart   

CoinMarketCap, 8 February 2024

Ripple XRP Price Prediction

XRP Price Prediction 2024

DigitalCoinPrice experts expect the price of XRP to fluctuate around the same price level in 2024. According to their estimations, the XRP coin’s price might sink as low as $0.47 (-10%), while its maximum price can reach $1.15 (+119%).

PricePrediction crypto analysts believe that Ripple coin will rise in price. Its minimum low can reach $0.7125 (+36%), while at its maximum XRP crypto will rise to $0.8554 (+63%).

CoinMarketCap crypto experts think that in 2024 XRP might go as high as $2.352 (+349%), while at its peak it can drop to $2.13 (+306%).

XRP Price Prediction 2025

According to experts at DigitalCoinPrice, the price of XRP will continue to rise. In 2025, they expect that XRP might reach a maximum price of $1.33 (+153%) per coin at its highest point. Its lowest price might drop to $1.13 (+115%).

Based on the experts’ forecasts at PricePrediction, in 2025, XRP crypto can go as low as $1.06 (+102%), while its highest price can rise to $1.25 (+138%).

CoinMarketCap analysts believe that the minimum price of XRP coin in 2025 is projected to be $2.84 (+442%), while at its maximum it is supposed to cost as much as $3.239 (+518%).

Ripple XRP Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, XRP coin will double in price: its maximum price level is expected to be around $3.94 (+652%), while its minimum price will sink to $3.54 (+575%).

According to PricePrediction, by 2030 Ripple coin will grow in price and adoption. They believe that Ripple might see a lowest price of $6.75 (+1,188%), while at its peak it might reach $7.84 (+1,397%).

According to Telegaon forecasts, XRP can be a very attractive investment. This website believes that by 2030 XRP crypto can go as low as $8.86 (+1,591%) per coin, while at its peak it can hit $10.13 (+1,834%).

XRP Price Prediction 2040

Telegaon believes that XRP crypto will continue its rise to the top. This website believes that in 2040 the coin can go as high as $20.34 (+3,783%). It can also drop in price to a minimum of $17.08 (+3,161%) per coin.

XRP Price Prediction: Experts’ Opinions

One of the most controversial events around XRP is connected to its court battle against the Securities and Exchange Commission (SEC). Notably, the SEC has decided to drop the civil charges against Ripple’s CEO, Brad Garlinghouse, and its co-founder, Chris Larsen. A former federal prosecutor who has been a close watcher and commentator on this case, James K. Filan, shared this revelation on October 19 in a post on Twitter. The SEC has withdrawn its accusations against Chris Larsen, a co-founder of Ripple, and Brad Garlinghouse, the company’s CEO, but it’s important to remember that the larger lawsuit against Ripple as a whole is still pending. This implies that the ongoing legal dispute will center on the business’s operations as distinct from those of its executives.

With this in mind, many crypto analysts believe that in the future, XRP might increase in price. For instance, CryptoNewsz, believes that by 2030, XRP coin will reach $12.05 at its highest point.

XRP USDT Price Technical Analysis

Tradingview, 8 February 2024

Now that we’ve seen possible price predictions for Ripple, let’s find out a bit more about the factors and how the SEC-Ripple legal battle can influence its price and future.

Factors Affecting XRP Coin Price

Many factors could affect the Ripple crypto price. One of the most important is its stance against the SEC. Even if Ripple wins the case against SEC, there might be more regulatory problems in the US and abroad for the cryptocurrency. Despite this, numerous large corporations began utilizing RippleNet technology for international transactions. Even if XRP isn’t used directly, it serves as an intermediate currency. This positively affects this cryptocurrency and undoubtedly clears the path for the price of XRP to increase. 

Another important factor is market demand. The price of Ripple typically rises when demand is strong. This may be affected by things like more people using Ripple’s technology, collaborations with banks, and encouraging news about the company. Conversely, the price could drop if there is little demand or a negative attitude in the market. Moreover, the pricing of Ripple may be impacted by the banking industry’s adoption of its technology.

Additionally, the way that news and media affect your investment choices is influenced by psychological elements that impact the market sentiment. News and media have a significant influence on how investors view the market and formulate their decisions when it comes to investing in XRP.

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

• Potential partnerships.
• Restoration of trust.
• Market sentiment.
• Adoption. 
• Positive news.
• Infrastructure.
• Regulatory environment.
• Competitive landscape.

Risks and Opportunities

Ripple’s efficiency, speed, and low transaction costs have attracted the attention of financial institutions, businesses, and individuals alike. High adoption regions with developed financial infrastructures and technologically literate populations, like the US and Japan, have witnessed notable increases in Ripple usage. On the other hand, developing nations like Brazil and India have the potential to adopt Ripple more widely as they work to update their financial infrastructure and take advantage of blockchain technology. Asia is one of the regions where Ripple is being adopted most widely, especially in nations like South Korea and Japan where the technology is becoming more and more popular in the financial industry. Furthermore, Europe has demonstrated a great interest in Ripple, with Germany and the United Kingdom among the leading adopters.

The quality and accessibility of technology and infrastructure are also important factors in the adoption of Ripple. Areas that have access to contemporary technology, strong internet connectivity, and sophisticated financial institutions are more likely to adopt XRP. As with any crypto investment, a potential buyer has to remember that this type of investment is risky as digital assets are highly volatile and any investment can drop in value as quickly as it can bring your gains.

Does XRP Have a Future?

With most XRP future Ripple price predictions it’s generally expected that Ripple should be worth more in 2024 than it is now. With its advanced technology, a number of important partnerships, and a substantial market cap, it can significantly rise in price.

How Much Will XRP Be Worth in 2025?

According to DigitalCoinPrice, XRP will cost around $1.33 at its peak.

Can XRP Reach $1000 in 2030?

According to DigitalCoinPrice, by 2030 Ripple’s price can rise to $3.94.

Will XRP Reach $50?

XRP faces a significant hurdle to reach the projected price of $50, as it would require a remarkable rally of approximately 10,000%. 

Can XRP Reach $100 Dollars?

 Such an increase would require a significant change in the overall market conditions or a major reduction in XRP’s supply. It can be possible, but it’s highly unlikely that this will happen.

Will XRP Go Up?

According to Telegaon, by 2040 Ripple can rise to $20.34 per coin.

Conclusion

Ripple’s faster processing times, cheaper transaction fees, and flexible multi-signature capabilities are synonymous with instant and cheap payments for a wider range of cryptocurrency assets. With these attributes, Ripple presents itself as a viable answer to the problems with conventional financial systems. By utilizing blockchain technology, Ripple also hopes to improve the efficiency, security, and accessibility of international money transfers, which will change the way people send and receive money internationally.

Where to Buy XRP Crypto?

StealthEX is here to help you buy Ripple (XRP) 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 Coin: 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.