Ripple XRP Price Prediction: How High Can XRP Go?

May 28, 2024

Price Prediction

Ana Rojas

XRP is a cryptocurrency that runs on the XRP Ledger, a blockchain engineered by Jed McCaleb, Arthur Britto, and David Schwartz. McCaleb and Britto would go on to found Ripple and use XRP to facilitate transactions on the network. XRP can be bought as an investment, as a coin to exchange for other cryptocurrencies, or as a way to finance transactions on the Ripple network. This cryptocurrency has been a hot topic for debate because of its ongoing court battle with the SEC. Will XRP become a prominent digital asset in the next decade? Discover the long-term XRP price prediction in StealthEX’s latest article.

Ripple (XRP) Overview

Operating both a cryptocurrency and digital payment technology, Ripple (XRP) aims to facilitate rapid and reasonably priced cross-border transactions. Transactions are validated via the Ripple Protocol Consensus Algorithm (RPCA) and the decentralized blockchain-based XRP Ledger. Ripple’s consensus method guarantees quicker transaction settlements in a matter of seconds, greatly increasing efficiency as compared to conventional banking systems, in contrast to Bitcoin’s energy-intensive Proof-of-Work mechanism.

The XRP Ledger was first dubbed ‘Ripple’ due to the method in which the technology enabled payments to flow across several hops and currencies. The makers of the ledger selected the ticker symbol ‘XRP’ for the native asset, drawing inspiration from the word ‘ripple credits’ or ‘ripples’ as well as the ISO 4217 standard’s X prefix for non-national currencies. Eventually, the company abbreviated its own name to ‘Ripple’ and the asset became known by the ticker symbol ‘XRP’ in all settings to minimize confusion with the similar names for the technology and company.

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.

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 Ripple 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 $0.30 in the first week of 2023 and has since been in a steady upward trend. 
• 2024: Throughout 2024, Ripple’s XRP has lagged behind its top crypto rivals, registering around 4.5% year-to-date returns and failing to revisit its peak value set in January 2018. At the moment, its price fluctuates between $0.5-$0.6.

XRP Price Chart

CoinMarketCap, 28 May 2024

XRP Price Prediction

XRP Price Prediction 2024

DigitalCoinPrice experts believe that in 2024 XRP coin’s price might go as low as $0.48 (-9%), while at its high it can reach $1.17 (+117%).

PricePrediction crypto analysts expect that in 2024 XRP coin is going to hover within a tight price frame: $0.6512 (+22%) at its low vs $0.7316 (+37%) at its peak.

Telegaon crypto experts are bullish on XRP, thinking that the lowest price XRP can hit in 2024 is $1.52 (+185%) vs its maximum price of $2.28 (+328%).

XRP Price Prediction 2025

According to DigitalCoinPrice, in 2025 XRP coin can go as high as $1.37 (+157%) at its peak. Its lowest price might drop to $1.14 (+114%).

PricePrediction forecasts promise that in 2025, XRP’s lowest price is going to reach $0.9772 (+83%), while at its highest point XRP crypto can get to $1.14 (+114%).

Analysts at Telegaon expect that in 2025, XRP coin will rise in price: it can reach a maximum price of $3.97 (+645%), while at its lowest point it can drop to a minimum of $2.35 (+341%).

XRP Price Prediction 2030

According to DigitalCoinPrice, by 2030 XRP might reach $3.98 (+647%) at its highest point, while even at its minimum it can hit $3.59 (+574%).

According to PricePrediction forecast, by 2030 XRP will shoot way over its current price levels: its lowest price is projected to be $5.78 (+985%), while at its peak it’s supposed to reach $7.18 (+1,248%).

Telegaon price predictions estimate that by 2030, XRP is going to reach $10.86 (+1,939%) at its minimum and might trade at a maximum of $14.03 (+2,534%).

XRP Price Prediction 2040

According to PricePrediction forecasts, in 2040 XRP will reach staggering price levels: its minimum price is expected to reach $309.38 (+57,999%), while its maximum price is going to hit $369.39 (+69,269%).

Telegaon analysts expect that by 2040, XRP is going to significantly increase in price: $41.08 (+7,614%) at its minimum vs $50.34 (+9,353%) at its maximum.

XRP Price Prediction: Experts’ Opinions

The key reason behind XRP’s underperformance is the U.S. Securities and Exchange Commission’s pending case against Ripple. Last year, a judge declared that Ripple 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.

However, according to Matthew Dixon, CEO of Evai, things might soon change in XRP’s favor. Dixon speculated that the consumer price index (CPI) report for April, which is scheduled for release on May 15, would rouse the ‘sleeping giant’ and propel the price of XRP to unprecedented levels.In addition to this, a lot of the bullish momentum in the XRP’s price depends on how well Ripple will do in court.

XRP USDT Price Technical Analysis         

Tradingview, 28 May 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.

Factors Affecting XRP Coin Price

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 Ripple for their transactions, which may result in a price increase. Updates to Ripple 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 Ripple XRP.

Moreover, since XRP is a digital currency that is intimately 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 Ripple’s court case with the SEC and 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 Ripple forcing users to trust a large entity (like a bank) with the fate of their money. Moreover, XRP is not required (and scarcely adopted) by banks to settle transactions within the Ripple protocol. Banks, in many cases, can settle cross-border payments simpler and with less volatility using traditional currencies (USD, Euro, etc.).

However, the project is extremely well-funded and remains one of the most popular cryptocurrencies, occupying the 7th place when it comes to crypto market caps. It has an impressive team with close ties to U.S. regulators and powerful financial institutions, and XRP can soar even higher if they are able to come unharmed from their court battle with the SEC.

Does XRP Still Have a Future?

Most XRP future price estimates for this cryptocurrency indicate that XRP should be more valuable in the next decade than it is at the moment. However, cryptocurrencies are highly volatile, and crashes are not unheard of in the industry, so a lot will depend on the outcome to the Ripple/the SEC court case.

How Much Will XRP Be Worth in 2025?

DigitalCoinPrice believes that in 2025 XRP might reach $1.37 at its peak.

How High Can XRP Go in 5 Years?

According to PricePrediction, the maximum price level XRP can hit in 5 years is $3.42.

How Much Will 1 XRP Cost in 2030?

If we are to believe websites like Telegaon, in 2030 1 XRP can reach a maximum price of $14.03.

What Will XRP Be Worth in 2040?

According to PricePrediction, in 2040 XRP will be trading at $369.39.

Will XRP Reach $1?

It’s very possible, and it’s also possible it will happen in 2024. The resolution of the case against the SEC may even serve as the catalyst for XRP to reach the elusive $3 mark.

Can XRP Reach $20?

Telegaon experts believe that this can happen by 2030.

Will XRP Ever Reach $100?

It’s hard to say, however, most predictions state that XRP will develop further and rise in price. 

Can XRP Reach $200?

This scenario is possible only according to PricePrediction forecasts.

Is XRP Coin a Good Investment?

Because of its extreme price volatility and the difficulty of forecasting future trends in the cryptocurrency market, investing in XRP carries a high risk and may not be appropriate for most investors. However, it may be a suitable investment for investors with high risk tolerance.

Can I Invest in XRP? How Safe Is It to Invest in XRP?

Yes, anyone can invest in XRP. For instance, you can buy XRP via StealthEX and store it in your digital wallet. However, when it comes to investing in XRP, the risk of losing your hard-earned money is high, and the price of any cryptocurrency is volatile, so this should be taken into account before purchasing any crypto.

How Much XRP Do I Need?

It depends on your resources, your age, your income. It’s best not to invest more than you can afford to lose.

Can I Make Money on XRP?

The best way to invest and profit from Ripple is probably trading. You can also make some passive income by staking your crypto.

Conclusion

Despite the recent decline in value of the XRP coin due to the ongoing legal battle, Ripple’s solution to the issue is beneficial in the long run. Ripple facilitates cross-border transactions that are quicker, safer, and less expensive for both individuals and banks looking to swap money in other currencies. Its unique consensus mechanism outperforms Ethereum and Bitcoin on this specific issue, although somewhat sacrificing decentralization. However, only the future will tell if XRP is going to strengthen its positions on the crypto market and rise above its all-time high.

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.