XRP (XRP) Price Prediction 2024-2030: Will XRP Price Hit $1 Soon?

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Ripple-XRP-Price-Prediction
  • Bullish XRP’s price prediction ranges from $0.824 to $0.955.
  • Analysis suggests that the XRP may also reach $1.12 this year.
  • XRP’s bearish market price prediction for 2024 is $0.2841.

As the “crypto solution for business,” Ripple promises to create a business impact by taking advantage of blockchain technology. Ripple promises that its solution is faster, more transparent, and more cost-effective compared to traditional financial services.

As described on its website, Ripple explained that their solutions would provide various benefits for its customers, such as instant payments, empowering its treasury, engaging with new audiences, lowering capital requirements, and driving new revenue.

XRP, the native token of Ripple, acts as a utility token used within its ecosystem. Moreover, XRP could be used to make transfers around the world. As XRP aims to facilitate cross-border transactions and enhance the financial services industry, there are still questions about its price forecast.

Before we take a look at XRP’s price analysis and forecast for the years 2024, 2025, and 2050, let’s understand Ripple and the technology behind it.

What Is Ripple (XRP)?

An American technology company, XRP Labs Inc., has developed a real-time cryptocurrency gross settlement system, currency exchange, and remittance network called XRP. The XRP cryptocurrency, which the business describes as a “digital asset tailored for global payments,” was then launched.

Notably, XRP has several advantages over established digital currencies. XRP claims that payments with the XRP coin are cleared within three to five seconds. On the other hand, BTC transactions might take up to an hour to clear, while ETH payments can take up to two minutes.

Banks, universities, individuals, private payment providers, and cryptocurrency exchanges make up the XRP node validators. In addition, XRP does not allow users to spend the same amount of cryptocurrency more than twice. This is because the system deletes all subsequent data after detecting the transaction.

Unlike Bitcoin or Ethereum, the XRP Ledger Network (XRPL) uses a unique Federated Consensus technique to validate transactions. As part of a consensus protocol, selected independent servers called validators agree on the order and outcome of XRP transactions on the XRPL. Through Federated Consensus, all validated transactions can be processed without a single point of failure.

With the help of the XRP Ledger and the XRP coin, developers can construct solutions to problems like remittance and asset tokenization. Payments, tokenization, DeFi, CBDCs, and stablecoins are the five primary uses of the XRP Ledger at the moment.

Analyst’s View on XRP

A crypto Youtuber Crypto Jack tweeted that he is thinking about whether to buy more XRP at this price region. This indicates that more buyers willingly invest in XRP, which can increase the price. 

Another tweet of David Gokhshtein mentioned that if XRP wins against the SEC, that will leads to the innovative use cases of crypto in real life, where we can expect to see various utilities of cryptocurrency. Thus, we can expect to have a bull run for XRP. 

Also we can see that a crypto analyst with over 1 million of followers, Ben Armstrong tweeted they received a bill to overreach the SEC in Ripple lawsuit. Moreover, he mentioned that Ripple played a huge role in saving crypto.

XRP Current Market Status

XRP claims the sixth position based on market capitalization, according to CoinMarketCap. The current circulating supply of XRP is 54,594,247,369 XRP, while its total supply is 99,987,873,963 XRP.

Moreover, XRP is priced at $0.5809, experiencing a 4.60% surge in seven days. With a market cap of $31,695,649,889, XRP also witnessed a 4.47% increase in 24 hours. Moreover, XRP is experiencing a rise in demand as the trading volume, valued at $2,353,249,883, rose by 67.09% in one day.

Some of the top crypto exchanges for trading XRP are currently Binance, Coinbase, OKX, KuCoin, Gate.io, and Kraken.

Now, let’s dive further and discuss the price analysis of XRP for 2024.

XRP Price Analysis 2024

The recent SEC vs. XRP was one of the main factors that caused a surge in its prices. Apart from that, Ripple’s announcements about getting crypto licenses from various countries and developments within its ecosystem are another set of motivating factors that drove its price upwards. 

Moreover, individuals and analysts may also wonder whether the changes in the digital asset industry and the financial sector will affect XRP’s sentiment over time. Read more to find out about XRP’s 2024 price analysis.

XRP Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

XRP/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView)

The Bollinger Band indicator clearly highlights that the prices would face a retracement once they tested or crossed the upper band. This event can be seen in several areas, as a subsequent fall was observed after a massive price surge. Currently, the bands are positioned in a horizontal state, which may indicate the prices may move sideways for some time.

XRP/USDT 1-Day Chart (Source: TradingView)

The BBWP is valued at 52.78%, which is also considered a neutral zone by most traders. Hence, it is still yet to be seen whether the upcoming trend will be bullish or bearish. However, despite an accurate value to determine the indicator’s trajectory, there may be a chance that BBWP could continue to move up if there are no interruptions in its current movement. 

XRP Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

XRP/USDT 1-day Chart Showing RSI (Source: TradingView)

Observing the above chart, the RSI is currently moving within the area between the white lines. Currently, it is valued at 45.44, which is often considered a neutral zone by many crypto community members and analysts. In this section of the indicator, the asset is still trying to confirm its trend in the market. 

XRP/USDT 1-day Chart Showing RSI (Source: TradingView

One of the common reactions observed is that the indicator will face a decrease in its value later, when it reaches the overbought region. This process is often dubbed a price correction procedure. After the tumble, the RSI climbed again and moved into the uptrend region, which is between the values 70 and 60. However, it once again dropped back into the neutral zone.

XRP Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

XRP/USDT 1-Day Chart Showing MACD (Source: TradingView)

MACD highlights the trend and price movements in a short span of time. With the red bars forming on the histogram, it signals that a downward trend may be in session; however, the reducing red bar could also indicate that the downtrend may be reducing. It is still too early to decide whether a trend may be undergoing a change. 

XRP/USDT 1-Day Chart (Source: TradingView)

Meanwhile, the long term 50SMA and the 200SMA confirm consolidation, just like previous indicators. The price movement when the candlesticks are currently trading between the 50SMA and the 200SMA is often considered a sign that the price may sway sideways for some time.

XRP Price Prediction 2024

XRP/USDT 1-week Chart (Source: TradingView)

Look at the weekly chart; the candlesticks have been observing a gradual rise in their values in 2023. When the prices crossed above the upper band of the regression channel, XRP faced a correction. Even with the slight correction, XRP was able to maintain an upward trajectory throughout the year. The surge that XRP experienced was mostly heavily influenced by the rapid development and achievements of Ripple. 

With the expectation of an uptrend, XRP’s first target would be around the $0.9376 resistance level. Crossing this level would make XRP reach $1.373. The Bull vs. Bear Power indicator currently signals that the trend is somewhat neutral. 

Finally, 2024 is expected to be a bullish year, and XRP, along with several altcoins, will begin to move upwards. XRP may reach all-time highs this year with the speculation that it will follow the 2022 price action.

XRP Price Prediction 2024 – Resistance and Support

XRP/USDT 1-Day Chart (Source: TradingView)

The above chart highlights all the weak resistance and support levels. Before XRP reaches the $0.9 level, it must first cross the $0.7 level. Earlier, when XRP tried to break beyond $0.7, it failed to maintain a positive momentum and secure that highly positive value. Since the candlesticks were able to successfully stay afloat above the $0.45 level, this level has become the first support level. 

XRP Price Prediction 2025

2025 could be the year when the bull market may gradually face a weakness in its strength; however, it could still be experiencing an upward trend movement. In this scenario, traders may still expect a bull market with a slight fall in between, caused mostly by buyers’ massive entry. Ultimately, 2025 could drive the altcoin’s price upwards and reach $1.56 as buyers speculate a slight uptrend this year.

XRP Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, XRP could tumble into its support regions. However, when XRP remains in the oversold region, there could be a price correction soon. XRP, by the end of 2026, could be trading beyond the $1.74 resistance level after experiencing the price correction.

XRP Price Prediction 2027

After a long bear season, there may be a chance that the altcoin market will experience a gradual bull market. Moreover, the optimistic behavior the traders may show this year could be related to the BTC halving event coming next year. Hence, 2027 may see a lot of traders’ activity movements this year as they get ready for the next bull season! In 2027, XRP could reach the price of $2.54 at the end of this year.

XRP Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, XRP will continue to form new higher highs and is expected to move on an upward trajectory. Hence, XRP would be trading at $3.53 after experiencing a massive surge by the end of 2028. 

XRP Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, XRP could be trading at $3.81 by the end of 2029.

XRP Price Prediction 2030

After witnessing a bullish run in the market, XRP and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, XRP could be trading at $3.77.

XRP Price Prediction 2040

The long-term forecast for XRP indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, XRP may face a slight fall before starting its upward journey once again. It is expected that the average price of XRP could reach $34 by 2040.

XRP Price Prediction 2050

By 2050, we could assume that cryptocurrencies would be recognized as global assets, thus gaining significant status in the market. As traders and investors continue to grow and expect the market to show favorable conditions, XRP may experience a bullish trend and may create new All-Time highs during these 10 years. Therefore, we can expect XRP to reach a new level of $58 if it crosses all its expected resistance levels.

Conclusion

To summarize, if investors continue to show interest in XRP and add these tokens to their portfolio, then it could continue to rise. XRP’s bullish price prediction shows that it could pass beyond the $0.9 level in 2024. Moreover, XRP could surpass the $58 level by the end of 2050. 

FAQ

What is XRP? 

The XRP is a cryptocurrency, which the business describes as a “digital asset tailored for global payments.” Notably, XRP has several advantages over established digital currencies. XRP claims that payments with the XRP coin are cleared within three to five seconds. On the other hand, BTC transactions might take up to an hour to clear, while ETH payments can take up to two minutes.

How do I buy XRP? 

XRP can be bought on many exchanges, including Binance, Coinbase, Bitstamp, KuCoin, Gate.io, and Kraken.

Will XRP Surpass Its Current ATH?

XRP has the potential to provide its investors and users with many features and utilities, enabling them to also gain profits from their crypto holdings. Moreover, XRP has a high possibility of surpassing its current ATH in 2028.

Can XRP reach $1?

If XRP manages to break above the present momentum, then it has the potential to hit $1 in 2024. 

Is XRP a good investment in 2024?

As one of the fastest-rising cryptocurrencies of 2018, XRP is expected to continue its rise. We may also conclude that XRP is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is XRP’s lowest price?

XRP’s lowest price is $0.002802, which was attained on July 07, 2014, according to CoinMarketCap.

Which year was XRP launched?

XRP was launched in June 2012.

Who are the co-founders of XRP?

Chris Larsen and Jed McCaleb founded XRP.

What is the maximum supply of XRP?

The maximum supply of XRP is 100,000,000,000 XRP.

How do I store XRP?

XRP can be stored in a hot wallet, a cold wallet, or an exchange wallet. 

What will be the XRP price in 2024?

XRP is expected to reach $1.12 by 2024.

What will be the XRP price in 2025?

XRP is expected to reach $1.56 by 2025.

What will be the XRP price in 2026?

XRP is expected to trade beyond the $1.74 level.

What will be the XRP price in 2027?

XRP is expected to reach $2.54 by 2027.

What will be the XRP price in 2028?

XRP is expected to reach $3.53 in 2028.

What will be the XRP price in 2029?

XRP is expected to reach $3.81 by 2029.

What will be the XRP price in 2030?

XRP is expected to reach $3.77 by 2030.

What will be the XRP price in 2040?

XRP is expected to reach $34 by 2040. 

What will be the XRP price in 2050?

XRP is expected to trade beyond the $58 resistance level.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of Coin Edition. No information in this article should be interpreted as investment advice. Coin Edition encourages all users to do their own research before investing in cryptocurrencies.

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