Ripple Price Predictions: and Beyond

Jana 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 , 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. 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 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 $ billion were sold in 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 are big business, with a value of 2 trillion dollars in  

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 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 was going to become much bigger than this.

The company has had contacts at the highest political and financial levels 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, , the XRP rate dropped from approximately $ to just under $ 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. 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: 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

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 XRP is now the fourth-largest cryptocurrency, which is aiming for a lot of developments by As per the XRP price trends, the experts believe that it will enter into countless financial institution partnerships. By , XRP might even touch the $2 mark.

What Could XRP Be Worth? –

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. 

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 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 as it believed that 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 !

#3 UsLifted

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

#4 Oracle Times Price Prediction

Oracle Times has recently predicted that XRP might go up as much as %. 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

XRP has been suffering from a massive slump lately – it has fallen by almost 50% in just one week, and that may just be the beginning. The negative effects on the XRP market can be directly linked to the Securities and Exchange Commission (a government regulatory agency that protects investors) announcement that it is suing Ripple’s CEO. Why?

As a quick recap of what was mentioned earlier, the SEC claims that two top executives raked in $ million in unregistered XRP sales. Our technical analysis shows that XRP is experiencing huge selling pressure, and it will just continue to drop further. The price is extremely bearish, and there are no signs of short-term recovery in sight.

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 $ 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, , 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 –

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 , 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 with signals based on wave analysis.

Disclaimer: The content on this website is not investment advice. Investing or trading involves risks; be aware of that. Always do your own research!

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