If you already invest in cryptocurrency or intend to take advantage of the low prices of this bear market to begin investing, you might be wondering about Ripple (XRP) price predictions and how XRP coins may fare in the future.
What is Ripple (XRP)?
Ripple is a little different than most cryptocurrencies. XRP runs on RippleNet, a digital payment network that is part of the Ledger distributed database, an open source platform. It is not based on a blockchain, but rather a distributed database, which means coins do not have to be mined.
XRP is a centralized cryptocurrency and does not require “proof of work” to process transactions. The consensus and verification process does not need multiple confirmations. That makes Ripple faster at processing transactions than most other forms of cryptocurrency, including Solana, which some experts believe could be the next Bitcoin.
Ripple calls itself “Utility for the new global economy” on its website and was designed to be fast, sustainable and, according to the site, “the most practical cryptocurrency for applications across the financial services space.”
History of Ripple XRP
The Ripple Payment Network launched in 2004, with founder Ryan Fugger at the helm. In 2012, Jed McCaleb and Chris Larsen took over and created the XRP Ledger. McCaleb served as Chief Technology Officer until 2013.
Today, the organization is headed by Brad Garlinghouse, CEO, David Schwartz, CTO, and Eric Van Miltenburg, Chief Business Officer.
Individuals use XRP as an alternative to traditional banking, making money management and the transfer of currencies more accessible, even across borders. Financial institutions can use the network to bridge currencies for faster transaction processing between countries. Meanwhile, developers are encouraged to build fast, green applications on the open source platform.
XRP can be transmitted across blockchains, making it a flexible form of currency. XRP is the coin of the Ripple Network.
Ripple Makes Waves in the News
At press time, Ripple Labs, developer of the Ripple Network, is embroiled in a lawsuit with the U.S. Securities and Exchange Commission. The SEC is claiming that Ripple executives used XRP tokens to raise funds in 2013, and the coin was an unregistered currency at the time. This would have been considered illegal activity in the eyes of the SEC.
Ripple cited a speech in 2018 from then-Director of Corporation Finance for the SEC Robert Hinman, who categorized Ethereum and Bitcoin as non-securities. It stands to reason that, by association, other cryptocurrencies would not be considered securities due to their adequate decentralization, according to an article published in June 2022 by Cointelegraph.
It is expected in mid-June 2022 that Judge Sarah Netburn may soon deliver a ruling on whether cryptocurrencies, in general — and XRP, specifically — are securities or not, FXEmpire.com reported on June 13, 2022.
Experts, like those at AnalyticsInsight.net, are saying the “SEC lawsuit looks good for Ripple.”
Meanwhile, Ripple general counsel Stu Alderoty eloquently stated, “Like a hammer wanting everything to be a nail, the SEC is keeping everything murky so it can argue every crypto is a security.”
According to the CoinTelegraph.com, he also said, “By bringing enforcement actions — or threats of potential enforcement — the SEC intends to bully, bulldoze, and bankrupt crypto innovation in the U.S., all in the name of impermissibly expanding its own jurisdictional limits.”
The outcome of this lawsuit may have a significant impact on Ripple’s worth and future.
Ripple Price Prediction
But what does the platform’s past, along with current legal proceedings, mean in terms of a Ripple price prediction? How much is XRP worth in 2022? What will XRP be worth by 2025? What will XRP be worth in 2030? And can XRP reach $10? Read on to find out.
How Much Is XRP Worth in 2022?
In June 2022, just days after the S&P 500 entered an official bear market, XRP is worth just over $0.31, according to CoinMarketCap. It is following the downward spiral of other cryptocurrencies. XRP has lost more than 62% of its value in the past year.
At 31 cents, the current XRP price in 2022 is closer to its launch price of $0.10 than its all-time high of $3.84 in January 2018.
XRP had rallied in early 2021, hitting a price of over $1, according to Coinbase.com statistics. By April 2022, it had dipped down to roughly 70 cents and continued its plummet through the spring, in line with Bitcoin and Ethereum during what some experts are calling a “crypto winter.”
However, the verdict in the SEC lawsuit could turn things around for XRP and would represent a victory for all cryptocurrencies to be treated as non-securities and, thereby, not under tight regulation by the SEC.
Additionally, in May 2022, Ripple CEO Brad Garlinghouse told CNBC that the organization will explore the possibility of an initial public offering once the lawsuit is over. At the time, XRP had lost 42% of its value in just 30 days.
What happens with the SEC lawsuit and whether or not Ripple does go public could affect XRP price predictions for the rest of 2022.
Changelly.com is foreseeing a 2022 XRP price prediction of anywhere from $0.47 up to $0.56 by December 2022, with an average cost of $0.47 for the year.
Trading-education.com is more optimistic about XRP’s prices by the end of the year, predicting that it could hit $1.29 by December.
CryptoNewsZ.com believes that XRP could reach $1.84 by the end of the year.
Beincrypto.com has XRP price predictions for this year based on a Ripple win against the SEC or a loss. If Ripple wins, the coin could go as high as $2.50, some experts say. If they lose, it could stand to gain a bit, but only to roughly 50 cents per coin.
Today, XRP has a market cap of $15.3 billion and is the world’s eighth largest cryptocurrency, according CoinMarketCap, behind these top cryptocurrencies: Bitcoin, Ethereum, Tether, USD Coin, BNB, Binance and Cardano.
What Will XRP Be Worth by 2025?
Experts see XRP continuing to gain value through the next few years. Changelly.com offers an XRP price prediction of $1.47 at a minimum and $1.76 at a maximum in 2025.
A panel of experts polled for Finder.com’s XRP Price Prediction report, published on Beincrypto.com, pegged XRP at $3.61 by the end of 2025. It’s worth noting, though, that five of the 14 experts think the coin will remain under $1 in 2025.
If the Ripple platform enjoys mass adoption within the next few years, CryptoNewsZ predicts, XRP could rise to as high as $2.50 in 2025.
Trading-education.com is even more optimistic, with price predictions as high as $8.76 for 2025.
What Will XRP Be Worth in 2030?
XRP has a lot working in its favor, especially if Ripple wins the SEC lawsuit and the XRP IPO comes to fruition. Ripple already has many innovative financial services that enable cross-platform and cross-blockchain payments.
The PayID feature, for instance, allows users to send currency across platforms through an easy-to-read yet secure ID that, according to CryptoNewsZ, works with any service provider.
Similarly, One Pay FX allows instant or same-day low-cost international payments with full transparency regarding fees and arrival times of the funds.
Multiple financial institutions, including MoneyGram, have piloted XRP for transborder payments.
All of these services bode well for the future value of XRP. But what do the experts say about XRP prices as far out as 2030?
Trading-education.com, which is bullish on XRP’s long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030. If this turns out to be true and you can ride the waves and hold onto your cryptocurrency, a $100 investment today could yield $9,638.43 in a little less than 10 years.
Of course, cryptocurrency is extremely volatile, and you could just as easily lose your entire investment.
The Finder.com panelists think Ripple could hit $4.98 by the end of 2030, according to Beincrypto.com. But Finder’s global cryptocurrency editor, Keegan Francis, doesn’t agree. He predicts that XRP will fall to just $0.10 — back to its 2012 starting price — by 2030.
Some experts believe that XRP will fall to zero by 2030. It’s smart to never risk more than you are willing to lose in any investment, and especially in volatile assets like meme stocks and cryptocurrency.
Can XRP Reach $10?
A scant handful of experts predict that XRP can reach $10 in the near future — if ever. If the bear market reverses, XRP is likely to follow the trend of Bitcoin and begin to rise again. CoinQuora.com sees the currency breaking $10 in 2022 if crypto reverses course to become a bull market again.
Is XRP the Next Bitcoin or Ethereum?
Some experts believe XRP’s capabilities could put it at the same level of adoption and industry respect as the gold standard of crypto, Bitcoin, and the number one alt-coin, Ethereum. But many other cryptocurrencies sit above it in terms of popularity and market cap right now.
The processing speed of Ripple transactions, low fees and the company’s growing list of partnerships all work in its favor to gain market share and prestige. A headline at Forbes from 2018 reads, “Ripple Could Be The Next Bitcoin.”
But a lot has changed since then, including many other cryptocurrencies taking spots as viable alternatives for international transactions and peer-to-peer payments.
One thing that hasn’t changed since the article was published, however, is an observation from Roman Guelfi-Gibbs of Pinnacle Brilliance Systems Inc., who told Forbes: “Of course, with crypto, anything can happen, so watch closely.”
As recently as April 2022, experts were still speculating on whether or not XRP could become the next Bitcoin or Ethereum. Experts at The Motley Fool Canada point out that it’s highly unlikely XRP could gain enough traction to displace either of the top two cryptocurrencies.
However, the writer touts the growth potential of Ripple as an investment. Plus, there is a much lower cost of entry, which could make it attractive to many investors just dipping their proverbial toes in the crypto waters.
Even if XRP never reaches Bitcoin’s level of value or status, it could still be a good investment with a strong future.
Is It Worth Buying Ripple (XRP)?
In a bear market, investors sentiments might change, and the crypto market is no different. Investors have less to lose and dollars can go further in every crypto investment than they did when the market was at its peak. That makes it less risky for many people to toss a few hundred dollars at a coin they like or a company they believe in — but there is still a risk of loss if the chosen investment doesn’t increase in value.
XRP has gained the trust of both financial institutions and investors, which could make it a more reliable, stable investment than some other alt-coins.
Additionally, Ripple has a finite number of coins, unlike some other cryptocurrencies, where tokens are constantly being created and mined. Ripple distributes all the XRP tokens on a timed, pre-determined schedule.
Ripple’s growth potential, capabilities as a cross-platform payment method and low entry point could make it enticing for investors looking to shop the bear market “sales,” so to speak. Comparing Bitcoin to Ripple, Fool.ca wrote, “Ripple might be a slightly better buy [than Bitcoin].”
Conclusion
If you’re looking for a low-cost way to begin investing in cryptocurrency, XRP might be a good option due to its growth potential. Be prepared for the coin to dip or spike sharply based on the final SEC court judgement, which could be coming any day.
You can either take a chance and buy now, when RXP is near a one-year low, or hold tight and hope for an even better deal. In March 2022, Trading-education.com was touting XRP as a good cryptocurrency to buy now, and its price has dropped since then, which could make it more enticing.
The market factors driving the rest of the crypto market down are likely to affect XRP for the immediate future, so you should only buy crypto right now if you’re willing to hold it through the changing tides.
Ripple can be traded on many of the world’s best crypto exchanges, including Coinbase, Kraken and Binance.
Information is accurate as of June 20, 2022.
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