Loading...

XRP price prediction 2024-2030: Is $1 coming soon?

Key takeaways

  • Current XRP price prediction suggests that the coin’s price can increase by 25% which will take it to the $0.6686 level by end of 2024.
  • The growing adoption rate of the XRP Ledger Protocol could push XRP to $1.85- $2.12 in 2027.
  • In 2030, the target price for XRP is between $6.04 and $7.08, with an average price of $6.25.

There are several reasons why experts believe that XRP’s future performance is promising. For one thing, a strong community of supporters and developers continues to see tremendous potential in Ripple’s technology and products. Despite some short-term price fluctuations and a bear market, many analysts believe XRP has a bright future ahead.

Whether it will reach new highs or continue to grow steadily remains to be seen, but there is no doubt that this crypto asset will continue to play an important role in global financial institutions.

Is XRP a good investment? Will Ripple ever go up? Where will XRP be in 5 years? Let’s answer them using our XRP price prediction.

Overview

CryptocurrencyRipple
TokenXRP
Price$0.4338
Market Cap$24,117,483,193
Trading Volume$1,208,846,672
Circulating Supply55,723,063,839 XRP
All-time High$3.84 Jan 04, 2018
All-time Low$0.002802 July 07, 2014
24-hour High$0.4412
24-hour Low$0.422

XRP price prediction: Technical analysis

MetricValue
Volatility3.27%
50-Day SMA 0.505289
100-Day SMA 0.556861
SentimentBearish
Fear & Greed50 (Neutral)
Green Days 14/30 (47%)

XRP technical analysis: XRP upgrades to $0.4338 following a bullish strike

TL;DR Breakdown

  • XRP price analysis confirms an uptrend.
  • The coin value has spiked up to $0.4338.
  • Support is being provided at the $0.419 end.

The daily as well as the hourly XRP price analysis for July 9, 2024, confirms a highly bullish scenario regarding the current price movements. The bulls have resumed action since yesterday as a result of the growing buying activity. Overall, the month proved favorable to the sellers, but currently the bulls are on the leading end. The coin value has spiked up to $0.4338, following the turnover during the past 24 hours. 

XRP price analysis on a daily timeframe: Coin value spikes up to $0.4338 after recovery

The daily XRP price analysis is suggestive of an increasing price movement for the cryptocurrency. The green candlesticks have been dominating the one-day price chart since yesterday. Today, a further rise in buying activity was recorded considering the upturn. The coin value has improved up to $0.4338 amidst the growing bullish momentum. If we talk about the Moving Average (MA) indicator, then it shows a bearish curve on the one-day price chart. Its value has dropped to $0.4466 because of the constant decline since the early part of this week.

XRP/USD 1-day price chart. Source: TradingView

The volatility is on the increasing end, which is a relatively bearish indication for the upcoming market events. The upper and lower bands of the Bollinger bands indicator have thus changed their positions. Currently, the upper end of the Bollinger bands indicator is set at $0.508 high, marking a strong resistance point. Whereas, the lower extreme of the Bollinger bands indicator is situated at $0.4193, hinting at the available support. The Relative Strength Index (RSI) indicator confirms the recent shifts in price movements. Its value has spiked up to index 38.02 because of the increasing price movement during the day.

XRP price analysis on the 4-hour chart: XRP devalues to $0.4333 amidst its recent descent

The hourly XRP price analysis confirms a bearish scenario regarding the ongoing price movements. Although the bulls remained on top yesterday, in the past few hours, the bears have taken over the market. The selling pressure has been on the rise since the early hours of the day. Overall, the coin value has depreciated below the $0.4333 margin because of the rising bearish momentum. However, if we discuss the moving average indicator, then it shows an ascending curve. Its value has increased to $0.431 because of the intense bullish wave since yesterday.

XRP/USD 4-hour price chart. Source: TradingView

The volatility has experienced a subtle rise, which is a bearish signal for the coming hours. The upper band of the Bollinger bands indicator now shows its value at $0.450, indicating strong resistance. Whereby, the lower band of the Bollinger bands indicator has moved to $0.415, channeling the support. The RSI graph displays a bearish curve on the four-hour price chart. The indicator’s value has decreased to 48.61 because of the bearish trend in the past few hours.

XRP technical indicators: Levels and action

Daily simple moving average

PeriodValue ($)Action
SMA 3 0.477353SELL
SMA 5 0.47764SELL
SMA 10 0.47989SELL
SMA 21 0.484911SELL
SMA 50 0.505289SELL
SMA 100 0.529748SELL
SMA 200 0.556861SELL

Daily exponential moving average

PeriodValueAction
EMA 3 0.475792SELL
EMA 5 0.476777SELL
EMA 10 0.480568SELL
EMA 21 0.488478SELL
EMA 50 0.504665SELL
EMA 100 0.524616SELL
EMA 200 0.541746SELL

What to expect from XRP Price analysis

The daily as well as the hourly XRP price analysis confirms a highly bullish scenario for the cryptocurrency today. The bulls have been on the winning side since yesterday as a result of the building pressure from the buyer’s end. Overall, the coin value has spiked up to $0.4338 over the span of the last 24 hours. On the other hand, the four-hour price analysis suggests a relatively bearish prediction for the cryptocurrency. 

Is XRP a good investment?

XRP, a cryptocurrency specifically tailored for rapid and cost-effective cross-border transactions, holds promise within global finance. The extent of adoption, coupled with Ripple’s strides in forging strategic partnerships, plays a pivotal role in shaping XRP’s value trajectory. As with any investment, the outlook for XRP remains subject to uncertainties, necessitating a cautious approach and thorough due diligence.

Why is XRP up?

The XRP/USD crypto pair price has spiked today as the buying influx was abruptly taken, taking the price to $0.4338. The RSI has also taken a sharp turn in the upward direction, and if it steps above 40, the situation can lead to the stable region.

Will XRP recover? 

XRP is dipping over the short term; nevertheless, the decrease in rice levels is gradual, with bullish periods in between. The price action is nothing unusual in the crypto market, and there are equal chances of a price reversal in the upward direction.

Will XRP reach $1?

XRP will have to surpass quite a few resistance levels to reach $1. With a bearish trend that is not very solid and XRP’s current price action, it is possible that the coin can reach $1 by next year. The last time XRP was seen on the $1 level was on November 30, 2021.

Will XRP reach $10?

Per our Cryptopolitan price prediction, XRP has low chances of reaching $10 in the next five years. However, by 2031, XRP is expected to reach $10.

Will XRP reach $100?

If one XRP coin is $100, then the market cap will have to be more than $5.4 trillion. Comparatively, Bitcoin’s market cap is $1.18 trillion; considering the current global economic situation, it is highly unlikely for XRP to reach $100.

Does XRP have a good long-term future?

XRP is expected to increase in value gradually over the coming years. Currently, the coin is trading at the lowest level of the last year; however, it is expected to reach $7 by 2030, which makes it a valuable asset for multiple gains.

Recent News/Opinions on the Ripple Network

  • The US Securities and Exchange Commission (SEC) has reduced its proposed penalty, amounting to $2 billion, to a mere $102.6 million. However, Ripple is trying for the fine to be no more than $10 million. While an XRP enthusiast, attorney Fred Rispoli has said that the SEC case against Ripple may settle by the end of July.
  • Ripple CTO David Schwartz has offered his view on the recent legal development of the case involving Craig Wright, an Australian computer scientist who claimed that he is Satoshi Nakamoto, the creator of Bitcoin.

XRP price prediction July 2024

In July 2024, XRP could reach a maximum price of $0.53. The average trading price is expected to be $0.46 for the month, while the lowest it can go according to the analysis is $0.41.

PeriodPotential Low ($)Average Price ($)Potential High ($)
XRP price prediction June 2024$0.41$0.46$0.53

XRP Price Prediction 2024

Ripple price forecast for 2024 suggests that the price could reach a maximum price of $0.712 by the end of December. We expect an average trading price of $0.639 and a floor price of $0.614.

PeriodPotential Low ($) Average Price ($)Potential High ($)
XRP price prediction 2024$0.5886$0.6086$0.6686

XRP Price Predictions 2025-2030

YearMinimumAverageMaximum
2025$0.8711$0.9016$1.01
2026$1.25$1.30$1.50
2027$1.85$1.90$2.12
2028$2.75$2.85$3.22
2029$4.12$4.26$4.90
2030$6.04$6.25$7.08

XRP price prediction 2025

The Ripple price forecast for 2025 is for Ripple cryptocurrency to trade at a minimum price of $0.8711 and an average price of $0.9016. The maximum forecast price for 2025 is $1.01.

XRP price prediction 2026

The Ripple price forecast for 2026 suggests XRP cryptocurrency could reach a minimum price of $1.25 and an average price of $1.30. Ripple coin is estimated to reach a maximum price of $1.50.

XRP price prediction 2027

Ripple XRP price forecast for 2027 estimates a minimum value of $1.85 and an average trading price of $1.90. The maximum price forecast for 2027 is $2.12.

Ripple price prediction 2028

The Ripple forecast for 2028 expects the price of 1 XRP to reach a minimum of $2.75 in 2028. The XRP price can reach a maximum level of $3.22, with an average price of $2.85 throughout 2028. 

XRP price prediction 2029

The Ripple coin price prediction for 2029 estimates that XRP to attain a minimum value of $4.12 and an average price of $4.26, with a maximum price of $4.90.

XRP price prediction 2030

According to the Ripple price forecast for 2030, Ripple is predicted to hit a minimum price of $6.04 and an average price of $6.25 throughout the year 2030. The maximum forecasted Ripple price for 2030 is set at $7.08.

XRP market price prediction: Analysts’ XRP price forecast

Firm Name20242025
DigitalCoinPrice$1.19$1.37
Wallet Investor$0.40$0.86
Coincodex$ 0.65$ 1.18

Cryptopolitan’s XRP price prediction

Our forecast shows that XRP will achieve a high price of $0.6686 near the end of 2024. In 2025, the XRP price will range between $0.8711 and $1.01. In 2030, the cryptocurrency will range between $6.04 and $7.08, with an average price of $6.25. It is important to consider that the predictions can change at any time and are not investment advice. Professional consultation is suggested, or you can carry out your own research.

XRP historic price sentiment

  • Before 2017, the asset’s value hovered around $0.01, but, by April 2017, XRP rose to $0.05; the gradual climb soon continued as it reached $0.25 in May showing a positive price action as Ripple continues to excel.
  • Towards the end of 2019, XRP price stabilized at around $0.30 and did not cross the $0.5 mark throughout the year.
  • However, the bullish run of 2020 pushed the coin’s value to as high as $0.8 before finishing the year at $0.66.
  • Early 2021 was supposed to be bullish for XRP, but the SEC’s announcement of a lawsuit derailed investors. Nonetheless, XRP beat the odds and surged above $1.5 during the year, but by 2022 it plummeted significantly to as low as $0.31.
  • XRP started 2023 at $0.335 and on July 13, it almost doubled its value in a steep spike when it shot from $0.470 to $0.814 while swinging towards $0.9 for a few hours. A partial victory against the SEC triggered the price jump. XRP closed 2023 at about $0.62.
  • In 2024, XRP has so far ridden the wave of the market. The bears earlier on, and then bullish price movement by mid-March, resulting in a market price of $0.72. At the time of writing on July 3, XRP is trading between $0.480 – $0.485.
Subjects tagged in this post: |

FAQs

Are On-Demand Liquidity (ODL) firms feeling the pinch from XRP's price volatility?

No, not at all. As of now, there are a considerable number of firms that choose ODL over XRP. ODL does not need that such firms hold on to XRP for a long period of time. Furthermore, these financial institutions are less vulnerable to volatility during transactions.

What's the ideal method for trading XRP?

Open-source and decentralized, XRP may be bought and sold on over a hundred different digital markets. XRP/USD trading may be done on a number of different exchanges on the internet.

Ripple's recommendation for XRP trading platforms?

For the most part, the cryptocurrency Ripple (XRP) doesn't encourage or advocate the use of Internet listings or exchanges, and it makes no claims about them. Customer service and standards based on central bank criteria are different at each exchange when it comes to trading the XRP currency. You should do your own research before embracing new technologies or making financial decisions. To sum up, Ripple does not endorse or sponsor any specific trading platform for XRP.

Is Ripple (XRP) held by any financial institutions?

For its cross-border payments, the XRP Liquidity Pool has officially announced the usage of XRP by eight major payment service providers, including MoneyGram, MercuryFX, IDT, Cuallix, Western Union, and Cambridge Global Payments. A growing number of financial institutions are showing an interest in using Ripple's XRP coin to facilitate their payment processing operations.

What is the Ripple Payment Protocol?

Currency exchange, remittance network, and real-time gross settlement system are all features of the Ripple Payment Protocol (RTXP), also known as the Ripple Transaction Protocol (RTXP). The network is built on a consensus ledger, an open-source distributed Internet protocol, and the native currency. In only a few seconds, Ripple (XRP) can settle transactions across borders

Is Ripple a safe way to transfer money?

This is a straightforward question with a straightforward answer: "Is Ripple safe?" It's because of Ripple's unique approach to cryptocurrencies, which sets it distinct from its rivals. Ripple is focused on a certain goal. The potential for dominance in the online payment business is enormous once it arrives.

What's the incentive for validators who are not Ripple validators?

Interbank settlements using the XRP Ledger will have an incentive to ensure that the network is reliable and stable if it is widely used. If this happens, institutions will set up Ripple servers to join the network. A validator's primary role is to guarantee that the network is stable and that it develops logically.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

dogecoin price prediction
Cryptopolitan
Subscribe to CryptoPolitan