XRP Price Prediction: Ripple Price Forecast

December 17, 2020

Price Prediction

Sean Korbett

What is Ripple?

Ripple is a global, real-time gross settlement payment system created in 2012 by Ripple Labs. The platform allows currency transfers anywhere in the world in just a few seconds. The project’s main goal is to unlock the power of blockchain and digital asset technology in order to let financial institutions improve the speed, cost, and reliability of how people transact around the world. So, let’s find out XRP price prediction!

The Ripple Labs Company is actively building relationships with banks. The main goal of the cooperation is the use of XPR in interbank transfers. Nowadays more than 300 financial institutions from 40 different countries are cooperating with Ripple Labs.

What is XRP (XRP)?

XRP is the digital currency of the Ripple network. It is an open-source, permissionless, and decentralized blockchain technology that can settle transactions in 3-5 seconds.

Nowadays XRP is among the TOP 3 cryptocurrencies by market capitalization.

XRP future plans and achievements

According to the project’s official blog, there were the following important news and updates: 

• Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand.
• Lemonway announced a partnership with  RippleNet to power instant, cost-effective euro-to-euro payments.
• The Ripple Team announced its plans to be the first company in the blockchain industry that will achieve carbon neutrality by 2030.
• Ripple announced cooperation with Banco Rendimento.
• SCB partnered with Ripple in order to extend the SCB global payment strategy.
• DeeMoney announced a partnership with Ripple to power faster and cheaper cross-border money transfers.
• Azimo and Ripple started cooperation in order to deliver faster, cheaper payments to the Philippines.

Unfortunately there XRP has no official roadmap. According to the recent news Ripple aims to become the Amazon of the cryptocurrency world, so we can expect new exciting updates from the team in the near future.

“Amazon started as a bookseller and just sold books. We happen to have started with payments. Two years from now, you’re going to find that Ripple is to payments as Amazon was to books.” – Brad Garlinghouse

XRP Price History

Source: CoinMarketCap, Data was taken on 17 December 2020.

What is the price of XRP?

 XRP Technical Analysis

Source: Tradingview, Data was taken on 17 December 2020.

XRP Price Predictions 

TradingBeasts XRP coin price prediction

According to TradingBeasts predictionsXRP price will reach $0.6800229 (+21.66%) by the beginning of January 2021. By the end of the year 2021, the maximum XRP price could reach $0.9148080 (+63.66%). The XRP average price expected to be on the mark of $0.7318464 (+30.93%) per coin.

Wallet Investor XRP price prediction

Wallet Investor analytics think that XRP is not a good option for a long-term investment. XRP minimum price could drop to the mark of $0.414 (-25.93%) by the end of 2021. While it’s the maximum price is expected to be around $1.016 (+81.96%). 

DigitalCoinPrice XRP crypto price prediction

According to DigitalCoinPrice’s opinion, XRP price will increase in the future and that’s why it is a very profitable investment. The XRP average price may reach $1.12 by the end of December 2021 (+100.37%).

Longforecast XRP price prediction

According to the Longforecast predictions, the XRP maximum price will be $0.50 (-10.55%) by the end of the year 2021. XRP average price will stay on the mark $0.43 (-23.07%) per coin.

Is XRP a good investment?

As you can see, analytics XRP price predictions are quite optimistic.  But remember that no one knows for sure what the future will bring to this crypto. One thing is for sure – if you are looking for the best platform to exchange cryptocurrency – StealthEX is here for you.

How to buy XRP at StealthEX

Exchange XRP on StealthEX with a low fee. 

You can study a detailed article with an exchange guide, watch a tutorial video on our YouTube channel, or just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount for your exchange. For example, BTC to XRP.
2. Press the “Start exchange” button.
3. Provide the recipient address to which the coins will be transferred.
4. Move your cryptocurrency for the exchange.
5. Receive your XRP coins!

Follow us on Medium, Twitter, Telegram, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via support@stealthex.io

The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

December 17, 2020