This Ripple XRP Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our XRP price analysis and prediction.
One of the crypto assets performing great this year in terms of providing a seamless payment gateway experience is Ripple. Lately, Ripple has launched a new project on its RippleNet called Line of Credit. This project is a beta service that enables Ripple customers to acquire funds easily. Then, they can start financing their cross-border projects using XRP tokens.
Furthermore, Ripple has recently partnered with Lemonway, a payment gateway in Europe for online marketplaces. This partnership is said to improve payment transactions between euro-to-euro and other currencies supported by Lemonway.
Would these events be good enough to make Ripple a good investment? Should we invest before the year ends or by 2021? Let us find out in this olastech Ripple (XRP) market analysis and price prediction 2021 article.
What is Ripple (XRP)?
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” The ledger employs the native cryptocurrency known as XRP.
In December 2020, Ripple Labs and two of its executives were sued by the U.S. Securities and Exchange Commission (SEC) for selling XRP tokens, which the SEC classified as unregistered securities.
XRP Current Market Status
As of the time of writing this Ripple price analysis, XRP trades at $1.39 with a 24-hour trading volume of $30.355 billion. The price of XRP has increased by 19.47% in the last 24 hours.
Furthermore, XRP has a current circulating supply of 45,404,028,640 XRP. Currently, the top cryptocurrency exchanges for XRP are Binance, Huobi Global, ZBG, Upbit, and OKEx.
Now, let’s proceed to the next part of this XRP technical analysis for 2021.
XRP Price Analysis 2021
Currently, Ripple holds 4th place on CoinGecko. But will the latest upgrades, development, and changes in the XRP blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XRP price prediction article.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone XRP from its uptrend position. In simpler terms, the price of XRP might plummet to almost $0.59, a bearish signal.
Meanwhile, our long-term XRP price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $3.84 this year. However, that will only happen if it breaks many previous psychological resistances.
XRP Price Prediction 2022
If this bullish trend continues, XRP will reach $19 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $25. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $19 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
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XRP Price Prediction 2023
If XRP holds the support level around 200-MA, the long term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $39, making it not plummet but play consistently.
XRP Price Prediction 2024
As per the latest upgrades, developments, XRP price prediction, and new project forecasts of the platform, XRP investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XRP in the crypto market, and it will be the best investment as the price can spike and reach around $55.
XRP Price Prediction 2025
In the next four years, XRP prices could race up to $72. However, reaching this level could not be so difficult for XRP as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XRP has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Ripple has a bright future ahead of it in 2021. With the ongoing developments happening within the XRP ecosystem, as well as in the overall crypto market, we may see XRP reach new heights.
Bullish XRP price prediction 2021 is $4.67. As said above, it may even reach $10 if investors have decided that XRP is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum