Ripple Price Prediction 2021 – Will the XRP Price Explode After the Issue with SEC is Resolved?

Ripple (XRP) is a cryptocurrency that has established itself as one of the best over the years. With a constant place in the top 10 ranks, XRP has proved to be a profitable investment. However, if you want to know if investing in Ripple can be beneficial for you, you should also know about Ripple as a project. In this article, we are going to cover the essentials of Ripple, as well as what its price can be in the future. Let’s begin with brief information on Ripple and its background.

Ripple (XRP) Fundamental Analysis

Ripple (XRP) is a cryptocurrency that is managed by US company Ripple Labs. Ripple Labs is also involved in several projects, mainly in the financial sector. XRP is the native token of XRP Ledger, which is the distributed ledger of XRP transactions. XRP Ledger also contains RippleNet, which is a network that is involved in financial services between banks globally.

Ripple was previously known as OpenCoin, but it rebranded to Ripple in 2015. Originally founded in 2012 in California by Chris Larsen and Jed McCaleb, Ripple Labs is one of the biggest private companies that focuses on the cryptocurrency market and bank services. Larsen is known among cryptocurrency communities as one of the wealthiest crypto investors in the world. McCaleb is widely recognized as a successful entrepreneur as well as a programmer.

XRP is simply one of the products that Ripple Labs offer to the world. A worth noting fact is that Ripple Labs today continually grows as a company, and they have branched in 9 different offices throughout the world. Ripple is also offering software development kits (SDK) for people that want to create and launch their projects in RippleX. All these projects may sound confusing to a reader who is listening about Ripple for the first time. However, the main focus today is on XRP, the cryptocurrency that has captivated many investors.

How does Ripple work?

The XRP Ledger is an open-source ledger that can validate transactions in a matter of seconds (3-5 seconds). This is achieved without the need for a third party. As an open-source network, any entity can use Ripple’s protocols for its own advantage. This has allowed businesses and banks to apply Ripple’s technology for their own use.

There are 6 main nodes within Ripple Labs that maintain the network and control 16% of Ripple. Nevertheless, the transactions in the XRP Ledger are verified by the XRP community, which consists of several participants throughout the world. Unlike Proof-of-Work (PoW) or Proof-of-Stake (PoS) networks, the consensus in XRP Ledger is achieved by validating the account balances of users. Anyone can be a validator, and all the validators need to have a consensus about transactions. Since it is not blockchain-based, instead of producing “blocks” of transactions, XRP Ledger produces “ledgers”. As suggested, a ledger is validated every 3 to 5 seconds, making it considerably faster and more efficient than other big cryptocurrencies. To illustrate, Bitcoin generates a block every 10 minutes, making it not as efficient as Ripple. 

Ripple Price Prediction 2021 - Will the XRP Price Explode After the Issue with SEC is Resolved?
Ripple benefits when compared to other big cryptocurrencies. Source: Ripple

What makes Ripple different from other minable cryptocurrencies in processing transactions is that the supply of XRP is predetermined by the people in charge, and the transactions are processed by a designated committee.

In terms of tokenomics, Ripple has a max supply of 100 billion XRP. Since the supply is limited, Ripple has deflationary properties. At the time of writing this article, Ripple has a circulating supply of 46.3 billion XRP.

Ripple (XRP) Price Analysis

According to CoinMarketCap, XRP started its price journey at $0.005 in August of 2013. It reached $0.01 in September of that year. The price was bullish by the end of the year, as XRP reached close to $0.06.

2014 was more bearish for Ripple, as XRP declined as low as $0.003. The price increased slightly to $0.02 by the end of that year. 

The same can be said about 2015, as the price was bearish throughout the year, declining back to $0.004.

As for 2016, the price was quite stable. Only day traders managed to generate huge profits. The price ranged from $0.005 to $0.009 throughout the year.

2017 was one of the best years for this altcoin. It started the year at $0.006, but it started increasing slowly in the next few months, reaching halfway through the year. The price remained stable and averaged $0.20 in the next few months. In late December of the year, the price of XRP was extremely bullish and began increasing massively. 

In the early days of January 2018, XRP reached its all-time high at $3.84. This marked an enormous increase of more than 63000% in just one year. Unfortunately for XRP holders, (hodlers), the price declined in the remaining months of 2018. It reached as low as $0.27.

The price ranged from $0.27 to $0.$0.47 in the first half of 2019. The second half of that year was bearish, and the price declined as low as $0.19.

Throughout 2020, the price averaged around $0.20. By the end of the year, XRP experienced a sudden increase to $0.69, but it declined to $0.21 in the following days.

Following the bullish trend caused by Bitcoin in the first half of 2021, Ripple started increasing once again. It reached as high as $1.96 in April of 2021. The price started declining again. At the time of writing this, XRP stands at $0.78.

With this price and a circulating supply of 46.3 billion, Ripple has a market capitalization of $46.6 billion. This places Ripple at number 6 in crypto market rankings. The fully diluted market cap of Ripple is around $78.8 billion.

Ripple (XRP) Market Price Prediction

Despite not surpassing its all-time high in the recent run, it is quite possible that the price of XRP can exceed massively in the future. By checking all the price factors of Ripple, experts predict an increase in the price of XRP.

First and foremost, Wallet Investor predicts an increase in the long run of Ripple. While they do not forecast an increase in the short run, they predict a steady increase in the next five years. They suggest that the price of XRP can increase by at least 200% in the long run.

Ripple Price Prediction 2021 - Will the XRP Price Explode After the Issue with SEC is Resolved?
Ripple (XRP) price growth prediction. Source: Wallet Investor

While many suggest that XRP and other cryptocurrencies might not increase again in 2021, Previsioni Bitcoin suggests otherwise. They predict that XRP can surpass $2 by the end of this year. Furthermore, XRP might hit close to $3.5.

Ripple (XRP) price prediction for the remaining months of 2021. Source: Previsioni Bitcoin

Billionaire Steve Wynn is one of the many believers of Ripple as a project. He suggested that once Ripple is fully applied in the future, XRP can go to as high as $10,000. While that might be extremely bullish, many other experts have indicated that such an increase is possible, as seen with the price of other cryptocurrencies such as BTC.

Ripple is currently facing regulatory issues with the US Securities and Exchange Commission (SEC). The latter argues that XRP is a security, while at Ripple they continue to disagree with this saying that XRP is cryptocurrency. However, Ripple has gained a lot of support from its community and is continually attempting to beat the case with SEC. If that occurs, it would be no surprise if Ripple increases at extremely large rates. YouTuber Cameron Fous predicts that XRP might hit as high as $35,000 in the long run if they manage to win the lawsuit with SEC.

Even though we at Crypto Academy don’t believe this can be possible 1 XRP = $35,000$. 

Another YouTuber BitBoy Crypto, in a video with Altcoin Daily, predicts that if Ripple manages to beat the SEC lawsuit, it is quite possible that XRP can hit $30 by the end of the year. He suggests that while this may seem unachievable by some, it is not even 10x Ripple’s all-time high in January of 2018. 

Crypto Academy Ripple (XRP) Price Prediction

It is no surprise that XRP might experience increases in both the short run and the long run. Being in the market for so long and proving to be profitable for many investors, Ripple has already established itself as one of the greatest cryptocurrencies of all time. The SEC case has caused a lot of uncertainty to all XRP investors. Nevertheless, odds are that Ripple can beat the case. Once that occurs, a lot of investors shall not be hesitant to investing in XRP anymore. This can drive the price of Ripple to the moon. Another price factor might be the limited supply of Ripple. Since its supply is limited, the price can increase as XRP becomes scarcer. We here at Crypto Academy predict an increase in the price of XRP, especially if Ripple manages to beat the SEC case.

Read More: Ripple Is Strengthening Itself Against the 0.7630 Weekly Resistance

Ripple (XRP) Price Prediction For 2021

If the likes of BTC manage to make a comeback in the remaining months of 2021 as it is anticipated, XRP might follow as well. If Ripple beats the SEC lawsuit in the following months, the price of XRP can undoubtedly increase. It is possible the Ripple exceeds its all-time high this year, and edge close to $30.

Ripple (XRP) Price Prediction For 2022

The price of XRP in 2022 might be dependent on the remaining months of 2021. If Ripple starts increasing again, then that run can continue in 2022 as well. We predict that Ripple might hit $13 for the first time sometime in 2022. As we know after the bull run it will be huge crash. 

Ripple (XRP) Price Prediction For 2023

As for 2023, the price of XRP might not fluctuate as much, but it might still record a 2x increase to $25.

Ripple (XRP) Price Prediction For 2024

By 2024, the reputation of cryptocurrencies will be even bigger since they are getting implemented in many businesses worldwide. The same is applied to Ripple. Since the supply may get scarcer by that time, and the demand for XRP tokens might increase, Ripple can go close to $40.

Ripple (XRP) Price Prediction For 2025

The BTC halving that is planned to occur in 2024 is most likely going to cause another bullish trend in the market early on in 2025. Furthermore, XRP has already solidified its place in the top 10 ranks over the years, so it is unlikely that competitors can surpass it. Other things equal, XRP might surpass $160 and even reach $200 in the first quarter of 2025.

Related: Ripple Price Prediction September 2021: Can Another XRP Impulsive Wave Occur This Month?

Ripple (XRP) Price Prediction For 2026

The importance of cryptocurrencies is going to increase massively in the next five years. Most payments might be conducted through cryptocurrencies, as central authorities such as banks become less and less needed. With the support that Ripple has from institutional investors, it can grow massively in the next five years. We predict that XRP can exceed $300 in the long run.

How To Buy Ripple (XRP)?

You can buy XRP by following these 3 easy steps:

Step 1: Create a crypto exchange account

The first step you need to take for buying XRP is to open an account in a cryptocurrency exchange. The best exchanges that support XRP are Binance, Bybit, OKEx. You need to verify your account so that the exchange remains secure.

Step 2: Fund Your Account

The next thing you need to do after opening your account is to fund your account. This can be done by transferring tokens from another wallet, or simply using debit or credit cards.

Step 3: Buy Ripple

Once you deposit your funds, you can simply select XRP, determine the amount you want to purchase, and press “BUY”.

Related: How To Buy Ripple (XRP) In Australia? Detailed Guide

How to Store Ripple?

Once you buy XRP, it is recommended to store them in a safe cryptocurrency wallet, whether that is a hot (software) wallet or a cold (hardware) one. The best hot wallets for XRP are Atomic, Guarda, etc. The best cold wallet for XRP is Ledger Nano X.

Read more: Top 9 Cryptocurrency Wallets in 2021

Frequently Asked Questions (FAQ)

Is XRP a good investment?

XRP has been a very good investment so far. Since the price of XRP is predicted to increase in the long run, XRP can be a very profitable investment for traders.

Can Ripple’s price ever reach $10?

If Ripple beats the SEC lawsuit, it is entirely possible that XRP can exceed $10 in the future.

Can Ripple price increase?

Since Ripple has a limited supply and has a lot of support from its community, its price can definitely increase. 

Also Read: Ripple Price Prediction September 2021: XRP Breaks Crucial Support 

Takeaways

  • Ripple (XRP) is a cryptocurrency created by Ripple Labs, and it is more scalable than other big cryptocurrencies.
  • Around 1,500 transactions per second are handled. A ledger of transactions is generated every 3 to 5 seconds.
  • It uses neither Proof-of-Work (PoW) nor Proof-of-Stake (PoS) as a consensus mechanism. Since XRP is not mined, it is more energy-efficient.
  • Ripple has a limited supply of 100 billion XRP, with 46.3 billion XRP in circulation as of August 2021.
  • The all-time high of XRP was in the early days of 2018. It has not managed to surpass that record yet.
  • Experts predict that XRP can increase massively in the future if Ripple beats the SEC lawsuit in the US.
  • If you want to buy XRP, you need to use a cryptocurrency exchange. After doing so, you can transfer your purchased XRP to a safe cryptocurrency wallet.
  • Ripple has been a very good investment so far.

 

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