Ripple XRP is one of the world’s foremost cryptos – and one of the most intriguing. Unlike Bitcoin, Ethereum, and other big names, it does not market itself with its decentralization. Instead, crypto is closely associated with several banks, investment companies, and organizations worldwide.
This may seem counterproductive when many traders believe that the biggest trading point of cryptocurrencies is their freedom of influence from outside companies. However, crypto experts are increasingly arguing that it could be the key to Ripple’s success.
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How Has The Price Of Ripple Changed Over Time?
It’s wrong to check XRP price predictions without looking back at recent and not-so-recent events. The SEC situation made that even more precise. The Ripple price today on 07.02.2022 is $0.68200. Looking at the full price chart below, you can see how the price of XRP changed over the years.
XRP was stable from its launch in 2013 until early 2017 when the sideway movement ended. By the end of 2017, its price skyrocketed by 35,000%. This success occurred as Ripple managed to achieve a threshold of 100 banks worldwide that signed on to RippleNet.
On January 4th, 2018, the XRP/USD rate reached an all-time high. However, it couldn’t sustain those levels, and it subsequently dropped by 76% within one month. The plummet was caused by fears of new regulations on the Asian markets. This factor affected not only XRP but also other cryptos. In 2018, the total market cap for cryptocurrencies declined by around 43%.
The sharp downtrend that continued until February was also boosted by other factors. Facebook declared it would ban advertisements for cryptocurrencies and ICOs. US regulators summoned Bitfinex and Tether to a court. The further decline was spurred by the finance minister of India, who said the country would do everything it could to discontinue the use of virtual currencies.
However, the year did not only bring bad news for XRP. A significant surge took place in September 2018. Within several days at the end of September, Ripple grew by over 140%. The XRP/USD rate was pushed up after Ripple’s Head of Regulatory Relations for Asia-Pacific and the Middle East, Sagar Sarbhai, said the company would release a product to expedite bank transactions with the use of XRP.
2019 was quite stable for Ripple, with no dramatic ups and downs. As the Ripple network is very active in Southeast Asia, news on cross-border payments and state cryptocurrencies in this region significantly impacts its price. For instance, the XRP’s rate moved up after Japan and South Korea started working on time and cost reduction for transferring international funds between the two countries. By the end of 2019, the downtrend strengthened.
Unlike other crypto assets, which started an upward movement in late 2020, XRP’s price spiked by the middle of 2021 and later, after one more plunge, reached a good price in August.
Long Term Ripple Prediction: 2025-2030
How much will Ripple be worth in 5-10 years? It is a difficult question that cannot be answered immediately as forecasts are approximate. You never know what will happen to the price tomorrow. It is, therefore, best to be aware of the latest Ripple news. Then you know what the project and the community are doing. To have a good understanding of the blockchain projects, check which developments are planned, which collaborations they are working on or already exist, how they are working with the community, and other factors.
Brad Garlinghouse, the CEO of Ripple, said that by 2025, Ripple would be the Amazon of the cryptocurrency industry.
1 Crypto Ground
Crypto Ground believes the cryptocurrency will climb above $3 in 2025 and 2026. The primary trend is bullish. In 2026, the price of XRP may stay at $3.20.
2 Wallet Investor
The Wallet Investor website is positive about XRP in 2025. The average price will stay above $3 during the year. There is a chance it will surge to $5 at the end of December 2025. The maximum price will break above the $4 threshold at the beginning of 2025. As for the first six months of 2026, the price will fluctuate near $4. An uptrend is expected in 2025-2026. Still, investors should be careful as market volatility will be high.
3 Long Forecast
The Economy Forecast Agency doesn’t provide such a long-term prediction. There is only an outlook for 2025 – the price will stay in a range of $0.69-0.41. It’s the most pessimistic projection. The last time the XRP was at such low levels was in July 2021.
Is Ripple a Good Investment?
Should I invest in Ripple? Ripple: buy or sell? Maybe these questions are still in your head. Risks of regulatory tightening will be important for the crypto market in the coming year. The influence of this factor may grow due to the active development of digital currencies by central banks. Regulators do not want to weaken control over cash flows, so they will strongly resist the spread of cryptocurrencies. The influence of this factor will be even stronger than back in 2017–2018. The expected development of Defi is another risk for Ripple.
Oddly enough, the coronavirus pandemic can support the virtual market. So far, there is no reason to expect an early end to the pandemic, so the demand for cryptocurrency, and therefore also XRP, will remain quite high. If the dominant driving force in the market had previously been individuals, then in 2021, it is institutions. Therefore, next year we will most likely see a smooth rise in the XRP coin. Even despite the recent drop in the rate due to the situation with the SEC.
The events from April to November 2021 confirmed that the XRP/USD pair still has major speculative characteristics due to the court case and the overall negative dynamics of the crypto market. However, the XRP/USD pair still produces volume and volatility. The XRP showed it can triple its capacity, then lose almost everything. It’s a good point for aggressive traders.
If investing in XRP seems like an interesting idea, you’re welcome to register a free demo account on LiteFinance! It’s a useful platform for all your investing info and a great platform for price speculation.
Most experts expect the XRP value to grow if the SEC lawsuit is settled and the company provides the first crypto IPO.
What to Do With XRP Crypto?
XRP is facing a lot of negative news, especially since its slide has been so drastic in the past two months. Some feel that it won’t ever recover, at least anytime soon.
But the fact remains that the token has been able to track the movements of Bitcoin and Ethereum for a good number of years. I suspect that this trend will continue in the future. If BTC and ETH tokens have bottomed out, there is likely a similar turnaround waiting for XRP. So don’t lose hope, at least now that it looks like cryptos have reached a trough.
On the date of publication, Mark R. Hake held a long position in Bitcoin and Ethereum but not any other security mentioned in the article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.