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Ripple Price Prediction for 2021, 2022-2025 and Beyond

2021-02-12

2021-02-12

Ripple Price Predictions: 2021 and BeyondJana Kane

Ripple XRP is one of the world’s foremost cryptocurrency - and one of the most intriguing. Unlike Bitcoin, Ethereum, and other big names, it does not market itself with its decentralization. Instead, the crypto is closely associated with several banks, investment companies, and organizations worldwide.

This may seem counterproductive when many traders believe that the biggest selling 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.

The article covers the following subjects:

About Ripple

While the world of cryptocurrency is hardnotorious enough to predict, some believe Ripple XRP’s unique market position means it could escape the turbulence that could shake the industry in the coming years. But something big happened to Ripple just before Christmas, so apart from the backstory and some analysis, our main focus will be on the recent major fall (and - spoiler - recovery) of Ripple. Because of this, our price predictions will be different from the ones you’re usually used to.

A Crash Course on Ripple XRP

In order for traders to understand Ripple price predictions, it is important to know what Ripple XRP is and why it differs from most other cryptos on the market.

Ripple was first launched in 2012, and, like Ethereum, the name is often used to describe both the payment platform and its native currency. The platform is actually called RippleNet, while the crypto token is Ripple XRP. (It is usually listed as XRP on exchanges).

Most altcoins that have entered the market are designed to solve some problems that the founders believed could ultimately limit the success of Bitcoin, the so-called king of cryptocurrency. Many, like Bitcoin Cash, have focused on Bitcoin’s lack of scalability. However, Ripple focused on another feature of crypto: its decentralization.

Rather than providing a way for merchants and investors to make transactions online without going through a centralized financial institution (which can be slow, potentially unsafe, and expensive), Ripple was designed to make it easier for centralized financial institutions to make payments. Cross-border payments can be even slower than domestic payments, and they come with much higher transaction costs - and companies worldwide can make hundreds of these transactions every day.

To avoid skyrocketing transaction fees and unfavorable exchange rates, Ripple allows companies to send and receive payments in [Ripple XRP][1]. It offers a globalized currency that bypasses some of the problems that can plague fiat currency and fully decentralized cryptos.

Ripple Price Fall (XRP): What’s Going On?

The SEC, the US stock market watchdog, is [challenging][2] blockchain company Ripple Inc. in court, along with its two top figures, CEO Brad Garlinghouse and founder Christian Larsen. The Securities and Exchange Commission’s accusation is that unregistered securities worth [$1.3 billion were sold in 2013][2]. It is an old case hanging over Ripple for as long as we can remember. Ripple has always maintained that the digital currency is a currency instead of a security. Because otherwise, they’d have to comply with a lot of different rules according to American law. Many are amazed that the US apparently wants to slaughter the goose that lays the golden eggs.

Fast, Cheap, and Secure

We’re not hiding under the proverbial chairs or couches, either. It’s been on our minds, but to be honest: we never really thought about it. After all, everything pointed to a completely different outcome. For example, the same SEC previously labeled Bitcoin and Ethereum as non- securities. CEO Garlinghouse has repeatedly accused the US administration that no fewer than eight agencies have a different opinion about what XRP actually is - a commodity, digital money, security, or something else.

In recent years, Ripple just continued its work. As we continue to watch XRP, the digital currency has grown to be used in 55 countries and on all continents for remittances and cross-border payments. The technique is, indeed, unique. Employing conversion on the Ripple blockchain, banks, international organizations, multinationals, and payment providers can send fiat money. Transactions are completed in seconds, safely, and at a fraction of the traditional cost.

Cross-Border Payments = Big Business

But not only the big boys are making use of this. The technology also benefits employees who work in other countries—the so-called migrant workers. Suppose you are a Thai nanny, Filipino housekeeper, or Mexican gardener, and you work abroad because you cannot find work in your home country. Relatively high wages are paid in these countries. That is usually an Arab country (such as Saudi Arabia or Kuwait) or the US. You are paid weekly, and each time you send home a large part of your earnings where many families rely on it. Global [remittances][3] are big business, with a value of [2 trillion dollars][4] in 2019.

Competitors

Ripple Inc. was well on its way to becoming a serious competitor. Not only for the international payment platform SWIFT but also for the many smaller payment providers. All charge large commissions and are not 100 percent reliable like Ripple is. Errors, mistakes, and money that somehow never arrives - SWIFT itself admits to using a margin of error of no less than 6 percent. So, an alternative filled a hole in the market. Ripple makes small and large money transfers quickly, cheaply, and reliably, and the road to success is open. And it looked like [Ripple/XRP][1] was going to become much bigger than this.

The company has had contacts at the [highest political and financial levels][5] for many years. Think of the World Bank, the ECB, the IMF, and the World Economic Forum. With rave recommendations and being priced from all sides – what could possibly go wrong?

Just Like Thunder

It comes like a bolt from the blue that suddenly a legal reference is made to the origins of Ripple Inc. As a result, everything that has ever happened with XRP may be declared illegal. According to American law, if something turns out to be or is a security, you have to comply with completely different rules. Other countries, such as the UK and Japan, have explicitly declared XRP is not a security effect. For example, one of Ripple’s early investors, Japan’s SBI, a financial giant, is still convinced that they are wrong in the US.

Price Fall

Ripple Inc., a California-based company, has threatened to leave its own country several times in the last six months, precisely because of the unclear treatment of its currency in the US. But it was hoping from under the new administration - with Joe Biden as president-elect - to get ‘clarity’ finally. Naturally, a company cannot wait seven years for a legislator to come along.

In most countries, the digital currency and blockchain technology sector is far ahead of lagging legislation. In the sense of “Hey, we’ll just keep working in the meantime, and then the legislator will follow.” Not in Ripple’s case: in two days, from December 22 to 23, 2020, the XRP rate dropped from approximately $0.50 to just under $0.30. From third place as the most important cryptocurrency, the coin moved to fourth place, behind stablecoin Tether.

Ripple Scenarios

The head of the SEC, Jay Clayton, [recently stepped down][6]. A new chair must be elected. Will it be Hester Peirce, the so-called ‘Crypto mum,’ because she has always been committed to digital coins and blockchain technology? And will the trial against Ripple and both top people be stopped? Will there be another white rabbit out of the proverbial top hat when other high financial and political levels rally behind company and currency? It remains to be seen.

Ripple’s business model can be continued in the rest of the world. In fact, Ripple does not need the US at all, although it sees an important market being closed for itself. [Worst case scenario]7. delisting from all US crypto exchanges after being forced to be registered as a “security” (Bitstamp already delisted Ripple, by the way). Fines, expensive lawyers, and endless lawsuits and an uncertain future, and a massive sell-off of XRP… the implications can be very serious.

XRP owners risk getting their coins stuck for a long time while it looked like the price was going to the moon. If this unsavory business suddenly turns for the better, thanks to a deus ex machina, then a huge boost from XRP can be expected. It’s the way you look at it. In any case, we are all reminded again of what ancient stock market wisdom states: never put all your (crypto) eggs in one basket…!

Ripple Price Prediction in 2021

The crypto market is always volatile, as it is generally even smaller than other markets, so prices can rise and fall more sharply. Therefore, it is still good to look at developments and the future to say something about a forecast. Ripple’s technical analysis looks positive when viewed in the long term. Trading Ripple in the short term is riskier. Many coins rise in the long run due to all new developments, partnerships, and upgrades. Many wonder why Ripple is rising, but this always has to do with what’s going on with a project.

Either way, as per the recent research by Moody’s, blockchain standards will increase by 2021. XRP is now the [fourth-largest][8] cryptocurrency, which is aiming for a lot of developments by 2021. As per the XRP price trends, the experts believe that it will enter into countless financial institution partnerships. By 2021, XRP might even touch the $2 mark.

What Could XRP Be Worth? 2021 – 2025

This is a difficult question that cannot be answered immediately. 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. The price of Ripple can rise dozens of times if everything looks promising and the team manages to make this a reality. We, therefore, do not make any predictions ourselves but are very positive about Ripple’s future.

Ripple future: What Experts Had to Say

With the crypto market being so volatile, forecasting the value of XRP is a difficult task. Let’s look at some of the renowned publications and their prediction about Ripple (XRP) price prediction. They were all made before the 22-23 December price-fall, so reflecting on them is a good lesson for all: one thing can change everything in a blink of an eye.

#1 Ripple Coin News

Ripple Coin News, the second-largest traffic-based news website, predicted that after a difficult time, the coming years might emerge as a smooth period for Ripple. There will be an addition to the partnerships, and new technologies might surge its price to 8 to 10 dollars. We’ll have to wait and see.

#2 Investing Haven

Investing Haven, a cryptocurrency prediction website, made a very optimistic bullish prediction for 2020 as it believed that 2020 was going to be a flawless year for Ripple. Boy, were they wrong. They had even stated that XRP might reach as high as $20 by the end of 2020!

#3 UsLifted

UsLifted, another well-known cryptocurrency prediction website, stated that by the end of 2020, XRP would attain newer heights and reach $22.79 with a circulating supply of 38,739,145,924 XRP. Nope. It didn’t happen.

#4 Oracle Times Price Prediction

Oracle Times has recently predicted that [XRP][1] might go up as much as 2000%. They also added it could be possible only if Ripple becomes the best choice for cross-border payments by financial institutions. Who knows? It’s a realistic long-term scenario, that’s for sure.

Ripple Technical Analysis

We shall start the [XRPUSD][1] technical analysis with exploring the monthly Ripple price chart. First, we will identify the global trend and the key levels.

As you see from the [XRP/USD][9] price history chart, the Ripple price has been regularly updating local highs and lows since March 2020 (see the candlesticks above the blue trendline). Despite the powerful impulses and sell-offs, there is a general global bullish trend.

Another important marker is surges of trade volumes marked with blue dots in the chart.

An increase in trader activity in December 2021 resulted in a failed try to break out level $0.17. The red candlestick’s low defines the strong support level at 0.17, marked with the red line in the chart. Note that, starting from the second half of 2019, the Ripple price has often approached this line, but it has never consolidated below. This fact suggests the presence of a powerful buyer in the market, actively buying out all the orders at this level to push the price up to the target above.

The next, even more significant, trade volume peak points out a powerful resistance level reached by the January candlestick high (green line). In September 2018, the Ripple price movement already stopped at level 0.75 USD. This level should attract large sellers, creating selling pressure.

Ripple price prediction for three months

We go on the technical analysis in the weekly Ripple price chart.

Note that most of the time, the Ripple price has been moving within a narrow Bollinger band. So, the price should be swinging in the range of 0.18 USD –0.50 USD.

Having explored the[XRPUSD][1] exchange rate historical data, I noticed similar fractals, which could be conventionally divided into three phases.

  • Red circle – consolidation with a strong upward momentum.

  • Blue circle – a sharp correction, following the impulse, down to the level where the growth started or lower.

  • Green circle – widening consolidation range with false breakouts of local highs and lows. 

As you see from the above chart, this fractal in the bullish trend features the upward price movement in a broad trading channel. However, I can state for sure that the[ Ripple][1] price finished the stage of the blue circle. Therefore, the market should be trading sideways in the range of 0.23 USD and 0.70 USD over the next three months.

Ripple price forecast for 2021

Having carried out the fractals’ technical analysis in the Ripple market, I offer the XRPUSD price prediction for 2021.

Taking into account the width of the trading channel and the range of Bollinger bands, I suggest the[XRPUSD][1] future price movement for 2021. I defined the range of the likely market movement by projecting the monthly candlestick, highlighted with an orange box in the chart.

In the main, the trading scenario suggests a consolidation in the broad range between levels 0.29 USD and 0.74 USD until late spring. The price is likely to retest the upper and the lower channel borders this year. Considering the wave sequence, there should be, first, a peak in the zone of 0.75 USD – 0.85 USD. Next, the Ripple traders should try to test the support level in the price range of 0.17 USD – 0.18 USD.

The detailed XRP forecast for each month is in the table below.

Month

|

XRPUSD price

—|—

High

|

Low

February 2021

|

0.36

|

0.74

March 2021

|

0.34

|

0.66

April 2021

|

0.32

|

0.65

May 2021

|

0.29

|

0.52

June 2021

|

0.32

|

0,60

July 2021

|

0.40

|

0.69

August 2021

|

0.48

|

0.82

September

2021

|

0.57

|

0.85

October 2021

|

0.42

|

0.78

November

2021

|

0.33

|

0.68

December

2021

|

0.17

|

0.50

_The[XRPUSD][1] price technical analysis is presented by [Mikhail Hypov][10]. _

XRP Historical Price Changes

We can’t make reliable price predictions without looking back at recent and not-so-recent events. The SEC situation made that even clearer. Currently, XRP is traded at $0.57758. Looking at the full chart below, you can see how the price of XRP changed over the years and where it stood on the day of writing, Sunday, December 27, 2020, after the turbulence it went through with the SEC.

Is Ripple (XRP) a Good Investment?

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.

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, as a protective asset, will remain quite high. If the dominant driving force in the market had previously been individuals, then in 2021, it will be 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.

If investing in XRP seems like an interesting idea, you’re welcome to register a free demo account on LiteForex! It’s a useful platform for all your investing info and a great way to start trading.

You could[read here daily short-term Ripple price predictions][11] with signals based on wave analysis.

Ripple Price Prediction FAQ

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The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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  1. my.liteforex.com/trading/chart?symbol=XRPUSD
  2. www.sec.gov/news/press-release/2020-338
  3. migrationdataportal.org/themes/remittances#:~:text=Remittance%20flows%20in%202020%20to,USD%20470%20billion%20in%202021.
  4. www.mckinsey.com/~/media/mckinsey/industries/financial%20services/our%20insights/accelerating%20winds%20of%20change%20in%20global%20payments/2020-mckinsey-global-payments-report-vf.pdf
  5. www.mdpi.com/2227-9091/8/2/49/pdf
  6. www.marketwatch.com/story/jay-clayton-steps-down-as-sec-chairman-11608754042
  7. www.crypto-news-flash.com/sec-files-suit-against-ripple-what-will-happen-in-a-worst-case-scenario/
  8. Coinmarketcap.com/currencies/Ethereum/
  9. my.liteforex.com/trading/chart?symbol=XRPUSD
  10. www.liteforex.com/blog/?author=72
  11. www.liteforex.com/blog/?author=80
  12. my.liteforex.com/?category=analysts-opinions&slug=ripple-price-prediction-forecast&openPopup=%2Fregistration%2Fpopup&utm_source=blog&utm_medium=article&utm_campaign=bonus
  13. my.liteforex.com/deposit/?category=analysts-opinions&slug=ripple-price-prediction-forecast&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus