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XRP Price Prediction – Will Ripple Hit $10 Soon?

XRP Price Prediction Prediction
  • Bullish XRP price prediction ranges from $1.88 to $4.67.
  • XRP price might also reach $10 soon.
  • XRP bearish market price prediction for 2021 is $0.05.

This Ripple (XRP) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our XRP price analysis and prediction.

One of the crypto assets performing great this year in terms of providing a seamless payment gateway experience is Ripple. Lately, Ripple has launched a new project on its RippleNet called Line of Credit. This project is a beta service that enables Ripple customers to acquire funds easily. Then, they can start financing their cross-border projects using XRP tokens.

Furthermore, Ripple has recently partnered with Lemonway, a payment gateway in Europe for online marketplaces. This partnership is said to improve payment transactions between euro-to-euro and other currencies supported by Lemonway.

Would these events be good enough to make Ripple a good investment? Should we invest before the year ends or by 2021? Let us find out in this CoinQuora Ripple (XRP) market analysis and price prediction 2021 article.

What is Ripple (XRP)?

Ripple is a privately-held fintech firm that offers a global payment solution through its patented payment network called Ripple Network. Moreover, RippleNet is a payment network that is built on top of Ripple’s consensus ledger, called XRP Ledger. More so, Ripple funded the innovation of the open-source XRP Ledger.

Unlike most cryptocurrencies out there that cater to peer-to-peer needs, Ripple was made to combine banks, payment providers and cryptocurrency exchanges, allowing real-time settlement expeditions and lower transaction fees.

Now that we have an idea about XRP, do you think XRP will be profitable crypto in 2021? Join me and let us see the charts in this XRP price analysis and XRP price prediction.

XRP Current Market Status

As of the time of writing this Ripple price analysis, XRP trades at $1.39 with a 24-hour trading volume of $30.355 billion. The price of XRP has increased by 19.47% in the last 24 hours.

Furthermore, XRP has a current circulating supply of 45,404,028,640 XRP. Currently, the top cryptocurrency exchanges for XRP are Binance, Huobi Global, ZBG, Upbit, and OKEx.

Now, let’s proceed to the next part of this XRP technical analysis for 2021.

XRP Price Analysis 2021

Currently, Ripple holds 4th place on CoinGecko. But will the latest upgrades, development, and changes in the XRP blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XRP price prediction article.

XRP USDT chart showing
XRP/USDT chart showing Ascending Channel pattern (Source: TradingView)

In the chart above, which is set in a daily time frame, we can see the Ascending Channel pattern. An ascending channel is the price action occurring in an upward direction through a sloping parallel line. Also, the chart displays the Higher highs and higher lows from this price pattern. More so, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, XRP turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

XRP Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is above 70, which means that XRP is in an overbought state. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of XRP.

XRP 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, XRP’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, XRP has a competitive market this 2021.

XRP Price Prediction 2021

The chart below shows that Ripple has performed great over the past few days. Moreover, the XRP price is over 143% in the last 7 days. If this trend continues, XRP might run along with the bulls, overtaking its $4.67 resistance level and climb higher.

XRP/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone XRP from its uptrend position. In simpler terms, the price of XRP might plummet to almost $0.59, a bearish signal.

Meanwhile, our long-term XRP price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $3.84 this year. However, that will only happen if it breaks many previous psychological resistances.

XRP Price Prediction 2022

If this bullish trend continues, XRP will reach $19 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $25. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $19 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

XRP Price Prediction 2023

If XRP holds the support level around 200-MA, the long term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $39, making it not plummet but play consistently.

XRP Price Prediction 2024

As per the latest upgrades, developments, XRP price prediction, and new project forecasts of the platform, XRP investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XRP in the crypto market, and it will be the best investment as the price can spike and reach around $55.

XRP Price Prediction 2025

In the next four years, XRP prices could race up to $72. However, reaching this level could not be so difficult for XRP as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XRP has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Ripple has a bright future ahead of it in 2021. With the ongoing developments happening within the XRP ecosystem, as well as in the overall crypto market, we may see XRP reach new heights.

Bullish XRP price prediction 2021 is $4.67. As said above, it may even reach $10 if investors have decided that XRP is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Can XRP reach $10 soon?

XRP is one of the active crypto assets that continues to maintain its uptrend position. If this bullish trend continues, XRP might be able to break from $4.67 and go all the way to $10. Of course, this is very likely to happen if the bullish market continues to favor the crypto.

What is XRP?

XRP is the native digital asset of Ripple. Ripple is a privately-held fintech firm that offers a global payment solution through its patented payment network called Ripple Network. However, XRP is capable of settling a payment within 4 seconds and handling 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. Users can obtain XRP tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, ZBG, CoinTiger, and Huobi Global.

Will XRP Surpass its Current ATH?

XRP is a good investment in 2021, this token could be considered by most of crypto investors. However, XRP has a high possibility of surpassing its current ATH at about $3.84 by 2022.

Is XRP a good investment in 2021?

XRP is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of XRP in the past few months, we can say that XRP is indeed a potentially good crypto to invest in this year.

What will be the XRP price by 2022?

Ripple’s (XRP) price is expected to reach $19 by 2022.

What will be the XRP price by 2023?

Ripple’s (XRP) price is expected to reach $39 by 2023.

What will be the XRP price by 2024?

Ripple’s (XRP) price is expected to reach $55 by 2024.

What will be the XRP price by 2025?

Ripple’s (XRP) price is expected to reach $72 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.