XRP (XRP) Price Prediction 2024-2030: Will XRP Price Hit $2 Soon?

• Bullish XRP’s price prediction ranges from $1.13 to $1.45.
• Analysis suggests that the XRP may also reach $1.78 this year.
• XRP’s bearish market price prediction for 2024 is $0.4099.

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.

XRP (XRP) Real Time Market Status

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 54,736,825,690 XRP, while its total supply is 99,987,824,103 XRP.

Moreover, XRP is priced at $0.6957, experiencing a 15.85% surge in seven days. With a market cap of $38,070,400,836, XRP also witnessed a 0.19% increase in 24 hours. Moreover, XRP is experiencing a rise in demand as the trading volume, valued at $3,627,559,414, fell by 49.82% 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 candlesticks have recently hit the upper band of the indicator several times, causing the indicator to expand. The expansion of the bands is often seen as a sign that market volatility is increasing. Since the candlesticks broke above the upper band, investors may be expecting the altcoin to undergo a retracement. 

XRP Price Analysis – Relative Strength Index (RSI)

The RSI is currently valued at 65.73, which is near the uptrend zone. Moreover, the RSI is still above the SMA, indicating that the uptrend in the market still exists. If the retracement process happens, there may be a high chance that the RSI could fall below the SMA, causing the value of XRP to drop.

XRP Price Analysis – Moving Average Convergence Divergence (MACD)

The green bars continue to form on the histogram of the MACD indicator, suggesting that the uptrend still exists in the market. Additionally, after the MACD line made a bullish cross with the signal line, the indicator continued to move upward. If the retracement happens, the MACD indicator may signal a bearish signal.  

XRP Price Prediction 2024

Looking at the above chart, the candlestick had made major spikes in the market; however, the altcoin faced a subsequent retracement. Although the candlesticks have faced falls during their trading period, investors still seem to have confidence in XRP as the accumulation continues to rise in the market. Currently, XRP has broken beyond its psychological resistance, possibly due to the accumulation activity. 

Based on the bullish price prediction, it is expected that XRP will be trading between $1.13 and $1.45 in 2024. Meanwhile, the bearish price prediction highlights that XRP may fall to $0.4099. If the accumulation continues and XRP showcases extreme bullish sentiment, it could cross the $1.78 level. 

XRP Price Prediction 2024 – Resistance and Support

Although XRP was initially trading near the critical support zone, the accumulation by investors helped XRP surge and break through several resistance levels. Currently, the constant accumulation has pushed the candlestick above one of the resistance levels. If the accumulation continues, it might break several resistance levels.

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 $2.05 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 $2.34 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 $2.87 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 $3.23 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 $1.15 level in 2024. Moreover, XRP could surpass the $58 level by the end of 2050.

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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.