Ripple (XPR) is a real-time digital gross settlement system that is built for payments by Ripple Labs Inc. Ripple is released in 2012. Here, XRP is the native cryptocurrency for products developed by Ripple. Ripple doesn’t use blockchain mining, instead, they use the consensus mechanism to confirm transactions. Over the years, this Cryptocurrency has come a long way and now it ranks among the top five most valuable tokens by market capitalization. However, can XRP able to hit $1000 in near future?
Unlike any other Cryptocurrency, Ripple XRP doesn’t market itself with its decentralization. Usually, XRP is linked with several banks, investment companies, and organizations worldwide. Therefore, experts don’t think XRP will hit $1000 in the near future. One of the main reasons is its market cap. If XRP wants to reach $1000 then Ripple’s market cap would have to reach at least $100 trillion which isn’t happening any time soon. So, practically it is not possible for Ripple to cross 1000 dollars.
Jump To A Section
- 1 What Is Ripple XRP?
- 2 Overview Of Ripple XRP
- 3 XRP Current Market Status
- 4 The Price Analysis Of XRP
- 5 XRP Price Prediction
- 5.1 XRP Price Prediction 2021
- 5.2 XRP Price Prediction 2022
- 5.3 XRP Price Prediction 2023
- 5.4 XRP Price Prediction 2024
- 5.5 XRP Price Prediction 2025
- 6 FAQs About Will XRP Hit $1000
What Is Ripple XRP?
Before digging into the price prediction of Ripple, let’s know some basic information about XRP. Because, if you want to have a clear understanding of the Ripple price prediction then it is very important to understand exactly what Ripple XRP is and why it is different from the majority of other Cryptocurrencies on the market. As Ethereum, Ripple’s name is commonly used to describe both its payment platform and native currency. The main platform is actually called RippleNet and crypto is called Ripple XRP. Ripple XRP allows real-time settlement expeditions and lowers transaction fees therefore banks, payment providers, and cryptocurrency exchanges prefer Ripple XRP.
Overview Of Ripple XRP
|Circulating Supply||46,216,687,135 XRP|
|Total Supply||99,990,343,580 XRP|
|Max Supply||100,000,000,000 XRP|
XRP Current Market Status
As of writing this article, XRP is trading at $0.9394 and its lowest price for the last 24-hour was $0.8115 and its highest price was $0.9449. Ripple XRP has a 24-hour trading volume of $30.355 billion. Moreover, the price of XRP has increased by 19.47% in the last 24 hours. It has a current circulating supply of 45,404,028,640 XRP and top cryptocurrency exchanges for XRP are Binance, Huobi Global, ZBG, Upbit, and OKEx.
The Price Analysis Of XRP
In the current market, Ripple holds 4th place on CoinGecko. But, recently Ripple XRP went through some upgrades, development, and changes so are the updates helping the cryptocurrency price to reach higher? If we closely monitor the trading of XRP then we will see the Ascending Channel pattern for XRP price. Usually, ascending channel occurs when there is an upward direction through a sloping parallel line. Moreover, if you check the Higher highs and higher lows of the price then you will see it’s indicating a short-term bullish. Moreover, the price of XRP is turned from its bear to bull trend and its main reason is the high trade volume. However, the RSI is above 70 for XRP so there is a chance of price reversal at any given time. Therefore, you should trade XRP very carefully because there is big market hype for this crypto and it might cause you some trouble. In 2021, the price of XRP has seen many bullish moves which are higher than the previous year. But considering everything, XRP is having a competitive market in 2021.
XRP Price Prediction
Price prediction is very important for cryptocurrency trading. It helps a trader to know the available prospects of a currency; whether the price will increase or decrease, whether it is the best time to invest in a cryptocurrency, etc. If you are interested in Ripple and want to invest in XRP then check the price prediction of XRP below.
XRP Price Prediction 2021
Currently, XRP is having Bollinger Bands and there is no chance for XRP to break through the current trend. However, there is a chance of bullish pullback is very likely to happen in the period from August to September. The price of XRP is over 143% in the last 7 days and there is a chance XRP might hit $1 from August to September. However, there won’t be many surprises in the last three months of 2021 in the price of XRP. However, many experts think that there is a high possibility for XRP to surpass the current all-time price. But don’t be too ambitious because it might only happen if it breaks many previous psychological resistances.
Ripple XRP Expert Predictions 2021
1. Cryptocurrency Price Prediction: $5.0117
2. Digital Coin Price: $1.27
3. Coin Price Forecast: $1.58
4. Coin Journal: $1
5. Ripple News: $2.30
6. Trading Beasts: $1.1388800
7. Crypto Coin Society: $0.95
XRP Price Prediction 2022
Over the last 12 months or so, Ripple price has gained support from some big investments so there is a chance XRP might mark a tremendous improvement by the end of the year 2022. If the bullish trend continues till the end of 2021 and the start of 2022 then there is a chance, XRP price might reach $4 by the end of 2022. Therefore, the first 6 months of 2022 are very important and if XRP shows fast growth then the price might end up at $5. Therefore, XRP reaching $4 might be quite optimistic from the price point of view but it’s not totally impossible.
Ripple XRP Expert Predictions 2022
1. Digital Coin Price: $1.44
2. Wallet Investor: $1.949
3. Trading Beasts: $0.9928082
4. Coin Price Forecast: $2.18
5. Previsioni Bitcoin: $3.576594
6. Ripple News: $2.50
XRP Price Prediction 2023
If XRP manages to continue its uptrend in 2022 then we might also see a price uptrend in 2023. Moreover, there are possibilities we might see record price improvement during 2023 for XRP. Ripple has a long-term plan and if they can manage to execute the plan properly then Ripple’s (XRP) price might reach somewhere around $6.
Ripple XRP Expert Predictions 2023
1. Digital Coin Price: $1.65
2. Wallet Investor: $2.378
3. Trading Beasts: $1.1828146
4. Coin Price Forecast: $2.81
5. Ripple News: $6
6. Previsioni Bitcoin: $2.258034
XRP Price Prediction 2024
In 2024, Ripple XRP might see new partnerships and integrations which will affect the price. There might be possibilities of new project forecasts of the platform and this might boost the price of XRP in the crypto market. So, as per the long-term technical analysis, XRP might be around $7 in 2024.
Ripple XRP Expert Predictions 2024
1. Digital Coin Price: $2.05
2. Wallet Investor: $2.882
3. Trading Beasts: $1.3669191
4. Coin Price Forecast: $2.70
XRP Price Prediction 2025
Among all the cryptocurrencies, Ripple XRP has the best future for the upcoming four years thanks to its development plans and investments. The long-term price prediction indicates Ripple XRP has bright optimism of registering clear gains with prices within the $4-$8. There is a high possibility, XRP might reach $8 in 2025 but it is best to expect a midpoint of these price levels to keep you safe from the uncertainty of the crypto market.
Ripple XRP Expert Predictions 2025
1. Digital Coin Price: $2.62
2. Wallet Investor: $3.491
3. Ripple News: $10
4. Coin Price Forecast: $3.41
FAQs About Will XRP Hit $1000
1. Is Ripple Secure?
Yes, Ripple is completely secure. Ripple is completely different from other Cryptocurrencies available in the market. The XRP is generated, distributed, and sold by Ripple Labs so there is nothing to worry about the security of Ripple.
2. Will Ripple Hit $5?
Yes, Ripple could hit $5 but not in near future. It might hit $5 in the year 2023 or 2024.
3. Is XRP A Good Investment For 2021?
Yes, XRP is a good investment in 2021 thanks to the bullish in the long run. It is expected that the price of XRP might increase at the end of 2021.
4. What Is Ripple’s All-Time High Price?
Ripple hits the all-time high price on 7 January 2018. According to Coinmarketcap, the XRP price reached $3.37 per coin.
5. What Is Ripple’s All-time low price?
Ripple hits the all-time low price on Jul 07, 2014. According to Coinmarketcap, the XRP price reached $0.0028 per coin.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.