Those who have spent enough time in the Crypto-verse know that if Bitcoin and Ethereum are the king and queen of the industry, Ripple (XRP) is the secret star of the same.
2023 has proven lucky for XRP as it recently booked a remarkable victory in a long-pending lawsuit against SEC. This victory brought a "ripple" of excitement for the XRP community, boosting the buying pressure for the coin and surging its price.
Whispers in the wind reveal that XRP may experience more interesting price movement in the upcoming time. Knowing its upcoming price possibilities can help you have an ace up your sleeve.
This blog will discuss all the upcoming price trajectories that Ripple (XRP) can encounter so you can be in the know and make the most of it.
A Quick Overview of Ripple (XRP)
XRP, commonly known as Ripple, is a blockchain-based cryptocurrency developed by Ribble Labs.
Launched in 2012, XRP aims to facilitate fast and low-cost cross-border transactions through XRP Ledger software. Being the native token of the Ripple network, XRP is the medium of exchange for all the primary products of Ripple. It can handle up to 1500 transactions per second (TPS) and takes only 3-5 seconds to process one transaction.
Unlike other cryptocurrencies, XRP does not require consensus-based mining. Instead, it is “pre-mined”, meaning that the XRP ledger created 100 billion XRPs that it releases periodically for public use. Ripple Labs, the organization that created XRP, owns a portion of XRP in circulation as an incentive to build and maintain the cryptocurrency project. XRP network also reserves a percent of XRP for regular releases into the market. The technical design of this currency is somewhat centralized because it has a much smaller number of validators (100 validators) who control the transaction processing compared to other similar blockchain projects.
That’s enough to give you the gist of XRP as a crypto.
Now, let’s quickly decode the enigma of its price history to understand where the currency stands.
XRP Price History
Ripple (XRP) was first traded in the Crypto market in August 2013 at $0.01. By 2014, it managed to do some significant partnerships, including- 3 banks, more than a dozen certified gateways, and even a network. However, these partnerships did not pay well as the coin experienced a volatile year with a significant crash, followed by a slight recovery by the end of 2014. It was likely due to the infamous hack of the Mt.Gox crypto exchange. In 2015, XRP rebranded from OpenCoin (its former name) to Ripple Labs. The company also held a series of funding rounds in 2015 and raised significantly through a strategic investment.
After that, Ripple teamed up with 10 top banks by helping them adopt its payment network. Unfortunately, these partnerships did not reflect in the price of XRP and continuously plummeted throughout the year. By the end of 2015, the coin hit a low point of $0.0060. The following year gave much-needed stability for XRP as its price fluctuations came to rest. Soon, Ripple completed more integrations with some central banks that made its price surge in the last quarter of 2016.
Then came the year of bull runs in crypto. After Bitcoin reached its first $20,000 mark, XRP joined the party and surged from $0.005 to $0.04 in May 2017. By the year-end, the coin resumed another rally and ended the year at $2.3.
In 2018 too, XRP continued to rally and hit an ATH of $3.37 in January. But immediately after, XRP initiated a downward rally that took its price to as low as $0.5 first and then $0.28. However, it did not affect the partnership quest of Ripple as it continued to partner with multiple financial institutions.
By 2019, the voices claiming Ripple to be security started getting louder, and it received some lawsuits to deal with. This, somewhere, affected the price of XRP, which dropped to as low as $0.20.
Then came 2020, when the crypto market followed a price crash. It dropped from $0.32 to $0.12 before recovering to $0.70. This rally ended abruptly for Ripple when SEC (Securities and Exchange Commission) filed a lawsuit against Ripple, accusing it of conducting an unregistered security offering through the XRP sale. The legal battle between SEC and XRP remained the key highlight of 2021. As the coin confidently defied the SEC, it joined the 2021 rally despite the lawsuit and reached $1.8 in April. After some corrections, it stabilized at $0.84.
2022 came with some severe damage to the crypto industry. With the fall of the FTT token and the collapse of various crypto institutions like Celsius, BlockFi, Voyager Digital, and many more, XRP followed a more robust downward spiral. Finally, XRP won the lawsuit against SEC on 13th July 2023 and registered a remarkable rally of 96%. At the time of writing, the coin is trading at $0.6897.
Ripple (XRP) Price Prediction for 2023: After It’s Win Over SEC
XRP recorded its all-time high (ATH) at $3.84 on 4th Jan 2018. At the time of writing, XRP is trading at over 86% from this value.
Last month in July, when XRP booked victory in its favour over the SEC, it displayed an iconic rally right after. It changed the game for Ripple investors, who claim the coin will soon regain its lost levels. XRP army is thrilled with its long pending win and is poised to lift the coin price to a new ATH.
Currently, the price of Ripple is experiencing corrections post its big rally. The $0.9 price is the major resistance for the coin, but it is presently rejecting this resistance level. If, during its correction phase, XRP revisits its $0.6 support level, it can experience a temporary downward trend. On the contrary, if its price breaks above the $0.9 resistance level, XRP will likely hit the $1 mark in the next few months.
One important event that can contribute to the surge in the XRP price is the relisting trend in the crypto industry. Back in 2020, when SEC filed the lawsuit against Ripple, many Crypto exchanges based in the USA delisted the coin to avoid legal complexities. Now that the court has ruled out the SEC allegations, most Crypto exchanges are slowly relisting the coin, encouraging a massive surge in the trade volume.
Investors hesitating to invest in XRP due to its lawsuit now show interest in the coin and its underlying tech.
Recent data from a crypto analytical platform, Kaiko, states that XRP has already become the most traded altcoin in 2023. Thus, the relisting fest may also favour the XRP price and make it break its resistance.
Thus, keeping an eye on the $0.9 price level for XRP is advisable. If the crypto reaches this level in the upcoming days, it can end the year at around $1.2 to $1.5 per unit.
Ripple (XRP) Price Prediction for 2024 (The Year of Bitcoin Halving)
If XRP ends 2023 at a bullish phase, it will have a “to the moon” entry in 2024. Since 2024 is the year of Bitcoin halving, it may give an upswing to XRP price, causing its price to cross the $2 mark or even more. Even if it encounters a correction, XRP will likely sustain its $1.4 to $1.2.
Once the Bitcoin Halving 2024 completes at the end of the first quarter or beginning of the second quarter, it can trigger a strong bull run. If it happens, the halving will skyrocket the price of almost all major cryptocurrencies, including Ripple (XRP).
Through this theory, the $4 price point seems achievable for XRP by the end of 2024. However, given the global uncertainty and ongoing wars, multiple factors may slow down the growth of the overall crypto market. Keeping that in mind, the average price of Ripple by the year-end may stick to $1.2. It may even deviate to the lower than $1 if the crypto market faces any “black swan” event.
Ripple (XRP) Price Prediction 2025 (Post Bitcoin Halving)
Historically, the year post-Bitcoin halving proves bullish for the crypto market, and that’s why most analysts are predicting sky-high valuations for XRP in 2025. However, an essential factor to remember is the token distribution of XRP. Around 50% of the XRP token supply is locked in Smart contracts. 1% of this supply is released monthly. It means that in the next 48 months, almost all XRP token supplies will be unlocked. It can cause high selling pressure for Ripple in the future.
Thus, reaching a new ATH may take more work for XRP, given its increasing supply, centralized nature, and other global concerns. If the coin succeeds in making some strong partnerships with banks and other traditional financial institutions, it can achieve possible highs faster. Considering all these factors, our XRP prediction 2025 goes as high as $6 and as low as $1.4.
Ripple (XRP) Price Prediction 2030
Since crypto adoption is skyrocketing, Ripple holds a strong chance of increased recognition in this decade. With the rising global trade, the demand for a faster and more cost-efficient mode of payment is rising simultaneously. Ripple has already booked dozens of partnerships and will probably continue to book more in the upcoming time. According to some experts, the advent of CBDC (Central Bank Digital Currency) will also cause demand for XRP to surge because it can act as a bridge currency for facilitating different CBDC transfers. Moreover, the 5th bitcoin halving will also complete in 2028, which can lead to another bull run on a larger scale.
However, the centralized nature of the currency may impact its upcoming price trajectory and demand. Pondering all these possibilities and factors, our prediction for XRP is $8 by the end of 2030. It could also go as low as $3.
Here is a tabular representation of our XRP price predictions for 2023, 2024, 2025, and 2030.
| Year | Minimum Price Prediction | Maximum Price Prediction |
| 2023 | $0.6 | $1.5 |
| 2024 | $1 | $4 |
| 2025 | $1.4 | $6 |
| 2030 | $3 | $8 |
Can Ripple (XRP) Hit $100 Before 2030?
Given the rising supply of XRP and its centralized nature, XRP is highly unlikely to hit $100 by the end of this decade. As of the current market cap and trade volume of XRP, it will need a meteoric bull run for more than a year. Additionally, the crypto market is highly volatile and risky. Thus, it is almost impossible for XRP to hit the $100 mark that soon. Though, extraordinary circumstances or innovation can make it possible.
Disclaimer: The content provided in this XRP price prediction blog is purely for informational purposes and should not be considered financial advice. Cryptocurrency markets are highly volatile and subject to rapid fluctuations. Any investment or trading decisions based on the information presented here are at your own risk. It is recommended to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
