XRP comes on the third position amongst the top 5 cryptos. The interesting thing about XRP is that the traditional financial institutions provide back up for it. It is the only cryptocurrency that has this feature of back up. XRP seems to improve the payment methods of SMEs day by day. It is getting more famous and better. With the helping hand of XRP, financial institutions can provide their clients with better options for international money transactions. Let’s take a look at XRP price prediction.
XRP is the cryptocurrency that is working to eliminate the payment problems of traditional payment methods such as debit and credit cards, bank transfer, PayPal, etc. According to XRP, conventional payment methods are slow and restrain the fluidity of all currencies. Its goal is to introduce the fastest and safest payment method for better business. XRP has been successful to a high extent in this regard. It has captured the attention of a big players in the global market. Many firms and enterprises are dealing with XRP. It is still growing as its eyes are focused on the top position amongst all the cryptocurrencies.
XRP Price Prediction:
The cryptocurrency market is the most volatile among all types of investment markets. Due to its most volatile nature, the prediction of the price is an uphill task for anyone. However, let’s start some predictions on a different basis. We can read the reviews of experts about XRP and the publications published on a daily or weekly basis. These readings will take us closer to the right predictions about the price of XRP.
The current price of XRP is $0.242. The data shows that XRP is in a downfall trend for the past 1 year. The downward trend shows uncertainty in the market. The prediction about future price indicates its price at $0.636 after a year. For example, if you invest $100 today, the investment will be about $160 after one year.
XRP Price Prediction 2020:
The XRP was expected to open at $0.78 and to reach $1.10 by the middle of 2020. However, it hasn’t come true. However, it can make space in the market flow independently like Bitcoin and Ethereum. Its closing rate by the end of 2020 can be near to $0.5. It can give a much tough time to other competitor currencies like Litecoin and Dash. It has already won the competition against many cryptocurrencies like Codius, Spring, and Cobalt, etc. the developers of Cobalt have claimed that Cobalt will finish the transaction in one second instead of four seconds. But XRP has overwhelmed it easily.
XRP is also planning to provide 2 billion tokens to Indians. Moreover, if Coinbase registers the XRP, it can surely overcome the Ethereum. These are very good news for investors and XRP fans around the world.
XRP Price Prediction 2021:
Moody’s has recently denoted in the research that blockchain standards are going to be more advanced in 2021. The XRP is in the third position for making advancement in the coming year. The XRP community has planned several advancements that will take place in 2020-2021. Such advancements will bring many partnerships for XRP from different financial institutions. It is predicted that XRP will reach $2 by 2021. Follow the community page of XRP and stay updated about the progress of XRP.
1-year XRP Price Prediction (Source: gov.capital)
XRP Price Prediction 2023:
XRP is already in partnership with many big financial institutions. It will make more partnerships in this phase and a lot of developments are in the pipeline. It is going to make a lot of advancements and grow its roots deeper into the market. The advancements and several partnerships will lead it to reach near or above $3 by 2023. As a virtual currency, it will be a big breakthrough for XRP. Seeing, these trends, the coming years seems good for XRP. Though, most of the predictions are in favor of XRP, but, the risk factor is also there in the form of high volatility associated with virtual currency like XRP.
XRP Price Prediction 2025:
Moving far in the future, a more upward trend can be seen in the XRP price. The forecasting algorithmic analysis expected that one XRP will be equal to $4.25 by 2025. The anticipated high trend can be attributed to more acceptance of XRP in several American and European banks. These institutions will promote the payment method of XRP to build a good image. This advertisement by popular financial institutions will lift its XRP price its popularity in the next few years. The upward can be seen in the graph given below.
5-year XRP Price Prediction (Source: dailycoin.com)
XRP Price Prediction by XRP Coin News:
XRP coin news is the second-largest crypto news site. It has attracted the most traffic and has become the second-biggest news site in a short time. According to the site prediction, that next year will be a bed of roses for XRP. Though the current year is not so good for XRP, yet the next year will bring an altogether different story. New technologies and partnerships are going to be added to XRP. As a result, the price of XRP can rise and statistics say that it can be somewhere between $8-10 in long term. Hence, next year will be a boom period for XRP. The investors are advised to be patient and prepared themselves for the coming good period. On contrary, the crypto market is highly volatile and can change its conditions even in a few seconds. So, be careful and remember the risk factor as well. But risk factor aside, the upcoming years seem special for XRP.
XRP Price Prediction by Investing Haven:
Investing Haven is also a big site for XRP predictions. Their predictions are often exactly right. They say that the current year is going to a bullish year for XRP and prices can jump to a very high. They believe that prices can reach up to double-digit. No doubt it is a very high figure to reach but high volatility leads us to believe this prediction. They strongly believe that next year is going to be flawless for XRP. Moreover, they stated that XRP has the highest potential amongst all the cryptos. Due to this reason, it can reach such a high price very close to $20 in the coming years.
Such a high potential and continuous downfall are contrary but the bright future comes after the downfall. Hence, their prediction has the power and ability to be true. Best wishes for bulls of the crypto market.
XRP Price Prediction by UsLifted:
UsLifted is also a crypto prediction site. It is much popular for making almost the right predictions every time. Sometimes, predictions are not quite well but most are very beneficial for investors dealing in cryptos. UsLifted has recently made an amazing and mind-blowing prediction about the price of XRP. They believe that it will achieve a much higher price by the end of 2020. It can touch the price at $22.79. It is the highest possible price for XRP after facing very bad times and a continuous downfall trend. The circulating supply can reach up to 38,739,145,924 XRPs.
Oracle Times Price Prediction:
Oracle has stated in an article that they are predicting a very high surge in the price of XRP. They predicted that XRP may surge up to 2000%. But they also included a condition on this prediction. They said that it is only possible if XRP is selected for foreign payments by most financial institutions. Now, it depends upon the source of foreign payments selected by banks and enterprises. The account for the figure for foreign payments is $9.8 trillion and presents great potential for XRP.
Verdict- XRP Price Prediction:
The main reason for the reputation of XRP is XRPNet technology. This technology is a bank-to-bank payment system. It is a very fast payment method where you can instantly make payments out of the border. Efforts are being made to increase the number of countries where instant payments could be made possible. They are trying to increase inflows up to two times.
XRP has announced many progressive plans for 2020. If these advancements take place at the right time in 2020, the XRP can reach $2 (XRP market price). These efforts can be helpful for XRP to rise above in the market as the most popular and profitable cryptocurrency.
The XRP prices currently facing a downward trend, but it will end soon. XRP community has planned a lot of progressive steps. They will bring more advancement in blockchain and will sign partnerships with many financial institutions in the next few years. The partner financial institutions will try to promote the payment methods of XRP. As a result, the business enterprises will be attracted and XRP is going to be their first choice for cross border payments. These partnerships and foreign payments are bound to bring advancement for XRP. The future of XRP till 2030 is very bright according to algorithmic analysis. If Coinbase agrees to register XRP when the exchange is at its peak, XRP can easily cross the Ethereum in value.
Useful link for XRP fans.