XRP (XRP) Price Prediction: Will XRP Price Hit $3 in 2022?
- Bullish XRP (XRP) price prediction ranges from $0.4719 to $0.5500.
- Analysis suggests that XRP price might reach $3 soon.
- XRP’s bearish market price prediction for 2022 is $0.4000.
Aside from (BTC) and (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Ripple’s XRP is one of them.
Several major banks and financial services already use XRP, which claims to be a global payments network. As a result, XRP is used in its products to assist in fast currency conversions.
If you are interested in the future of XRP and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!
What Is XRP (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.
XRP (XRP) Current Market Status
With 49,900,666,456 XRP in circulation, XRP (XRP) is trading at $0.4783 at the time of writing. XRP has a 24-hour trading volume of $2,840,906,724.08, and during the previous 24 hours, the price of XRP has increased by 1.43%.
Binance, Bitstamp, Bithumb, Kucoin, and FTX are currently the most popular cryptocurrency exchanges for trading XRP (XRP). Let’s continue with our XRP price research for 2022.
XRP (XRP) Price Analysis 2022
Currently, XRP ranks 6th on CoinMarketCap. Will XRP’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? First, let’s focus on the charts in this article’s XRP price forecast.
XRP (XRP) Price Analysis – Keltner Channel
XRP/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
When volatility bands are positioned on either side of an asset’s price, the price of XRP (XRP) can be predicted using the Keltner Channel indications for XRP/USDT. It may go on an uptrend since the price has already broken out of the channel’s second half and is moving towards the first half. If the daily candles stay inside the first half of the channel, we can expect to see XRP at a higher high level.
XRP (XRP) Price Analysis – Relative Strength Index
XRP/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 65.78. A movement above 50 indicates that more traders are buying XRP rather than selling, driving the price up.
XRP (XRP) Price Analysis – Moving Average
XRP/USDT 1-Day Chart Showing 200-MA and 50-MA (Source: TradingView)
Above is a daily chart of XRP’s 200-day and 50-day Moving Averages (MAs). XRP has broken out of 200 MA in the daily chart. Notably, the XRP 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. It is advisable to wait for a few reversal candles to enter your long trades for a better risk-to-reward ratio.
XRP (XRP) Price Prediction 2022
XRP/USDT 1-Day Chart (Source: TradingView)
By looking at the daily chart of XRP/USDT, XRP broke out of its previous resistance at $0.4065 and reached another resistance level of $0.5500. If it continues to break out of its current resistance zone, the XRP price can reach up to $0.7000.
Meanwhile, our long-term XRP price prediction for 2022 is bullish since it cannot break the support level. We can expect XRP to reach $0.7000 this year.
XRP (XRP) Price – Resistance and Support Levels
XRP/USDT 1-Day Chart (Source: TradingView)
This chart below shows that the price of XRP has decreased in the past few months. Moreover, the price of XRP is up by 2.20% in the past 24 hours after a significant pump during the week. If this continues, XRP might keep running bulls, breaking its $0.5500 resistance 1 level, and eventually moving higher to the $0.9000 resistance 2 levels—the bullish signal for 2022.
If XRP cannot break the $0.5500 resistance 1 level, the bears may seize control and dethrone XRP to a downtrend stance. In simple terms, the price of XRP might fall to almost $0.4000, indicating a negative signal given by the previous support level.
XRP (XRP) Price Prediction 2023
XRP (XRP) will hit $0.7285 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.6000. The growth will thereafter moderate, but no significant drops are forecast. If wins the current lawsuit they are facing, it will go straight to a bullish market.
XRP (XRP) Price Prediction 2024
XRP (XRP) price can rise to incredible heights, peaking at $0.9346. It is feasible only if the market continues its upward path and XRP breaks through the past psychological resistance levels.
XRP (XRP) Price Prediction 2025
XRP prices might grow to $1.1325 during the next three years. This is only feasible if the market continues its upward path and only if XRP breaks through the past psychological resistance levels.
XRP (XRP) Price Prediction 2026
XRP prices might grow to $1.3303 during the next four years. The growth will continue after that moderate, but no significant drops are forecast.
XRP (XRP) Price Prediction 2027
Investors expect a bullish run in 2027 due to the halving of Bitcoin. XRP prices might soar to $1.6119 in the next five years. Furthermore, hitting this level may not be tough for XRP as other mediums, such as short-term and long-term price objectives for purchase or sell orders, may be discovered.
XRP (XRP) Price Prediction 2028
In 2028, Bitcoin halving will occur. Hence, the consolidating market in 2027 could be followed by a bullish run. Notably, the market could possibly attain higher values. In the next five years, XRP prices could rise to $1.9706. According to the forecast, XRP has a strong chance of reaching the previous ATH.
XRP (XRP) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. In the next six years, XRP prices could rise to $2.2000. According to the forecast, XRP has a strong chance of reaching the previous ATH.
XRP (XRP) Price Prediction 2030
The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. In 2030, XRP prices could rise to $3.0066.
As mentioned, it may reach above $3 if investors have decided that XRP is a good investment along with mainstream cryptocurrencies.
What is XRP? XRP’s native digital asset is called XRP. As a privately-held fintech company, XRP has developed the XRP Network, which provides a global payment solution. The transaction time for XRP is 4 seconds, and it can process up to 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. Binance, Coinbase (NASDAQ:), Bithumb, Kucoin, and FTX are currently the most popular cryptocurrency exchanges for trading XRP.
Will XRP Surpass Its Current ATH? Since XRP provides investors with several opportunities to profit from their crypto holdings, XRP seems to be a good investment in 2022. However, XRP has a high possibility of surpassing its current ATH in 2028.
Can XRP reach $3 soon? In terms of active crypto assets, XRP is one of the few that continues to rise in value. As long as this bullish trend continues, XRP might break through $1.934 and reach as high as $3. Of course, if the current market favoring crypto continues, this will likely happen.
Is XRP a good investment in 2022? 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 the lowest price of XRP? XRP’s lowest price is $0.002802, 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.
How do I store XRP? XRP can be stored in a cold wallet, hot wallet, or exchange wallet.
What will be the XRP price in 2023? XRP price is expected to reach $0.7235 by 2023.
What will be the XRP price in 2024? XRP price is expected to reach $0.9346 by 2024.
What will be the XRP price in 2025? XRP price is expected to reach $1.1325 by 2025.
What will be the XRP price in 2026? XRP price is expected to reach $1.3303 by 2026.
What will be the XRP price in 2027? XRP price is expected to reach $1.6119 by 2027.
What will be the XRP price in 2028? XRP price is expected to reach $1.9706 by 2028.
What will be the XRP price in 2029? XRP price is expected to reach $2.2200 by 2029.
What will be the XRP price in 2030? XRP price is expected to reach $3.0066 by 2030.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinEdition. No information in this article should be interpreted as investment advice. CoinEdition encourages all users to do their own research before investing in cryptocurrencies.
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