Crypto

XRP Price Prediction – Will Ripple Price Hit $10 Soon?


  • Bullish XRP price prediction ranges from $1.37 to $2.62.
  • XRP price might also reach $10 soon.
  • XRP’s bearish market price prediction for 2021 is $0.87.

This Ripple (XRP) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our XRP price analysis and prediction.

One of the crypto assets performing great this year in terms of providing a seamless payment gateway experience is Ripple. Lately, Ripple has launched a new project on its RippleNet called Line of Credit. This project is a beta service that enables Ripple customers to acquire funds easily. Then, they can start financing their cross-border projects using XRP tokens.

Furthermore, Ripple has recently partnered with Lemonway, a payment gateway in Europe for online marketplaces. This partnership is said to improve payment transactions between euro-euro and other currencies supported by Lemonway.

Would these events be good enough to make Ripple a good investment? Should we invest before the year ends or by 2021? Let us find out in this CoinQuora Ripple (XRP) market analysis and price prediction 2021 article.

What is Ripple (XRP)?

Ripple is a privately-held fintech firm that offers a global payment solution through its patented payment network called Ripple Network. Moreover, RippleNet is a payment network that is built on top of Ripple’s consensus ledger, called XRP Ledger. More so, Ripple funded the innovation of the open-source XRP Ledger.

Unlike most cryptocurrencies out there that cater to peer-to-peer needs, Ripple was made to combine banks, payment providers, and cryptocurrency exchanges, allowing real-time settlement expeditions and lower transaction fees.

Now that we have an idea about XRP, do you think XRP will be profitable crypto in 2021? Join me and let us see the charts in this XRP price analysis and XRP price prediction.

Technical Aspects of Ripple (XRP)

Ripple’s network operates using its protocol consensus algorithm. Unlike Proof-of-Work and Proof-of-Stake, it does not use those systems. Ripple’s transaction protocol validates accounts and transactions through the use of many independent nodes.

All nodes need to agree on it for the operation to pass validation, and this is the only path to perform transactions. Moreover, this protocol enhances the system to prevent ‘double spending’ primarily through conducting surveys to estimate the majority choices.

Notably, double spending is the risk that crypto can be spent twice. More so, it is a potential issue unique to cryptocurrencies. This is due to digital data that could be reproduced easily through the savvy individuals who understand the blockchain network and the computing power required to manipulate it.

READ ALSO:  Bitcoin Price Prediction - Will BTC Price Hit $100K in 2021?

Added to this, XRP will not enable users to spend the same amount of cryptos more than two times. This is because the system detects the transaction first and deletes all the subsequent data. More so, the validation methodology in this consensus protocol happens only a few seconds. Therefore, minimal transaction time: on average, it takes around 4 seconds to finish the operation.

Moreover, the operation of Ripple takes place using gateways. In addition, the gateway performs as an intermediary in the chain of trust between two parties who want to finish a transaction. In specific, banks are the gateways. Even more, the architecture of Ripple is the same as the architecture of the SWIFT global fast payment system.

Ripple (XRP) Current Market Status

As of the time of writing this Ripple price analysis, XRP trades at $1.23 with a 24-hour trading volume of $4,932,536,647. However, the price of XRP has decreased by 2.25% in the last 24 hours.

Furthermore, XRP has a current circulating supply of 47.08B XRP. Currently, the top cryptocurrency exchanges for XRP are Binance, Huobi Global, OKEx, FTX, and Mandala Exchange.

Now, let’s proceed to the next part of this XRP technical analysis for 2021.

Ripple (XRP) Price Analysis 2021

Currently, Ripple holds 6th place on CoinGecko. But will the latest upgrades, development, and changes in the XRP blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XRP price prediction article.

XRP/USDT chart showing Symmetrical Triangle pattern

In the daily time frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that XRP has a higher chance of going bullish than bearish.

Ripple (XRP) Price Prediction 2021

The chart below shows that Ripple has performed great over the past few days. Moreover, the XRP price is over 27% in the last 14 days. If this trend continues, XRP might run along with the bulls, overtaking its $2.62 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone XRP from its uptrend position. In simpler terms, the price of XRP might plummet to almost $0.87, a bearish signal.

Meanwhile, our long-term XRP price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $3.84 this year. However, that will only happen if it breaks many previous psychological resistances.

Ripple (XRP) Price Prediction — RVOL, MA, and RSI

Since the start of 2021, XRP’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away.

The below chart shows the Relative Volume (RVOL) of XRP. It is an indicator that indicates to traders how the current trading volume has changed over a period of time compared to the previous trading volume. Currently, the RVOL of XRP lies below the cutoff line which indicates the weaker participants in the current trend.

READ ALSO:  Klaytn Review 2021: Is Klaytn A Good Investment Or Another Shitty Coin?

More so, the Ripple’s Moving Average (MA) is shown in the chart above. Currently, XRP is in a bullish state. Notably, the XRP price is above 50 MA and 200 MA (long-term), so it is completely in a bullish state. Therefore, there is a high possibility of a Trend reversal at any time.

Meanwhile, the relative strength index (RSI) of the crypto is at level 59.22. This means that the crypto is in a nearly overbought state. In this event, traders and investors must trade with caution to prevent unexpected price dumps. With this, traders can avoid losing huge amounts of funds and maximize their profit potential in trading.

Ripple (XRP) Price Prediction 2021 — ADX, RVI

Let us now look at Ripple’s Average Directional Index (ADX). In particular, the ADX assists traders in finding the strength of a trend rather than its direction. It can also be utilized to determine whether the market is changing or if a new trend is beginning. Specifically, ADX is linked to the Directional Movement Index (DMI).

The above chart represents the ADX of Ripple. Currently, Ripple lies in the range of 13.5, so it indicates a weak trend. This shows that the price of ADX can go bullish in the future. The above chart shows the Relative Volatility Index (RVI).

In detail, RVI measures the standard deviation of price changes over a period rather than the absolute price changes. RVI is below 40 levels, this indicates the direction of volatility is to the downside. In fact, RSI is at 49.20 level so it confirms a potential sell signal.

Would this be enough to make Ripple profitable crypto from 2021 to 2025? Let us find out in this CoinQuora XRP price prediction 2021 to 2025.

Ripple (XRP) Price Prediction 2022

If this bullish trend continues, XRP will reach $15 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $25. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $19 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Ripple (XRP) Price Prediction 2023

If XRP holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $39, making it not plummet but play consistently.

Ripple (XRP) Price Prediction 2024

As per the latest upgrades, developments, XRP price prediction, and new project forecasts of the platform, XRP investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XRP in the crypto market, and it will be the best investment as the price can spike and reach around $55.

Ripple (XRP) Price Prediction 2025

In the next four years, XRP prices could race up to $72. However, reaching this level could not be so difficult for XRP as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XRP has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

READ ALSO:  Harmony Price Prediction - Will ONE Price Hit $1 in 2021?

Conclusion

Ripple has a bright future ahead of it in 2021. With the ongoing developments happening within the XRP ecosystem, as well as in the overall crypto market, we may see XRP reach new heights.

Bullish XRP price prediction 2021 is $2.62. As said above, it may even reach $10 if investors have decided that XRP is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is XRP?

XRP is the native digital asset of Ripple. Ripple is a privately-held fintech firm that offers a global payment solution through its patented payment network called Ripple Network. However, XRP is capable of settling a payment within 4 seconds and handling 1,500 transactions per second.

How to Buy XRP Tokens?

Like other digital assets in the crypto world, XRP can be traded on many exchanges. Users can obtain XRP tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, ZBG, CoinTiger, and Huobi Global.

Will XRP Surpass its Current ATH?

XRP is a good investment in 2021, this token could be considered by most of crypto investors. However, XRP has a high possibility of surpassing its current ATH at about $3.84 by 2022.

Can XRP reach $10 soon?

XRP is one of the active crypto assets that continues to maintain its uptrend position. If this bullish trend continues, XRP might be able to break from $2.62 and go all the way to $10. Of course, this is very likely to happen if the bullish market continues to favor crypto.

Is XRP a good investment in 2021?

XRP is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of XRP in the past few months, we can say that XRP is indeed potentially good crypto to invest in this year.

What will be the XRP price by 2022?

Ripple’s (XRP) price is expected to reach $15 by 2022.

What will be the XRP price by 2023?

Ripple’s (XRP) price is expected to reach $39 by 2023.

What will be the XRP price by 2024?

Ripple’s (XRP) price is expected to reach $55 by 2024.

What will be the XRP price by 2025?

Ripple’s (XRP) price is expected to reach $72 by 2025.

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

Recommended Articles

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Oladimeji Abubakar
Hi, I'm Oladimeji Abubakar, a young Nigerian blogger and writer. I've special interest in making money online just like many other people and this is why I chose the review niche where I'd get to show people the websites to join and the ones not to. I hope my reviews helps😀.

    Leave a reply

    Your email address will not be published. Required fields are marked *

    You may also like

    More in:Crypto