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XRP Price Prediction – Will Ripple Price Hit $10 Soon?

XRP Price Prediction Prediction
  • Bullish XRP price prediction ranges from $0.9065 to $1.9617.
  • XRP price might also reach $10 soon.
  • XRP’s bearish market price prediction for 2022 is $0.2017.

This Ripple (XRP) price analysis and prediction 2022 is based on the technical analysis alone. Below, you will see some of the metrics/confluences that we have taken into consideration upon coming up with our XRP price prediction and analysis.

In the midst of the present crypto winter, one of the cryptocurrencies that investors are looking forward to for a bullish run is Ripple native token XRP. Due to the growing interest in Central Bank Digital Currency (CBDC), Ripple has positioned itself to be adopted through the private ledgers and cheap cross-border payments it offers through its project Ripplenet.

In recent news, the biggest bank in Morocco-Attijariwafa Bank has entered into a partnership with Ripple to promote seamless payments to its customers with the XRP token.

Would these events and others on the horizon make XRP a good investment for 2022? Let us find out in this CoinQuora Ripple (XRP) price analysis and price prediction 2022 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.

Ripple is a privately-held silicon valley tech giant that offers a global payment that reaches both the elites and the unbanked through its patented payment network called Ripple Network. Its native token is called XRP. Ripplenet is a global network that enhances financial transactions through its transparent open-sourced consensus ledger maintained by independent validators at low fees.

Technical Aspects of Ripple (XRP)

Transactions within the XRP ledger can be completed within 3-5 seconds. This is opposed to the Bitcoin blockchain where mining fees are high before transactions can be completed due to its adoption of the proof-of-work mechanism.

Ripple node validators include banks, universities, individuals, private payment providers, and cryptocurrency exchanges. Added to this, XRP will not enable users to spend the same amount of cryptos more than two times. This is because the system detects the transaction first and deletes all the subsequent data.

Moreover, the operation of Ripple takes place using gateways. In addition, the gateway performs as an intermediary in the chain of trust between two parties who want to finish a transaction. In specific, banks are the gateways. Even more, the architecture of Ripple is the same as the architecture of the SWIFT global fast payment system.

Now that we have an idea about XRP, do you think XRP will be profitable crypto in 2022? Join me and let us see the charts in this XRP price analysis and XRP price prediction.

Ripple (XRP) Current Market Status

As of the time of writing this Ripple (XRP) price analysis, XRP trades at $0.69 with a 24-hour trading volume of $2,225,198,023. The price of XRP has decreased by 6.75% in the last 24 hours.

Furthermore, XRP has a current circulating supply of 47.66B XRP. Currently, the top cryptocurrency exchanges for XRP are BinanceHuobi GlobalOKExFTX, Gate.io, Kraken, and Mandala Exchange.

Now, let’s proceed to the next part of this XRP technical analysis for 2022.

Ripple (XRP) Price Analysis 2022

Currently, Ripple holds 8th place on CoinMarketCap. 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.

From the Keltner Channel signals for XRP, it could be seen that the next price surge is imminent since the bottom curve is already touching the last candlestick. This shows that the present decrease in the price of Ripple (XRP) is coming to an end and a bullish run is on the horizon.

The Relative Strength Index of Ripple (XRP) chart of XRP is at 31.31 which shows that it is approaching the undervalued or oversold value of 30, which is usually approached before a reversal in price that leads to an uptrend.

Ripple (XRP) Price Prediction 2022

The chart below shows that Ripple (XRP) price has reduced in the past few days. Moreover, the XRP price is down by 7.2% in the last 24 hours. If this trend continues, XRP might run bearish, breaking its $0.5833 price at support1 level and pushing lower.

Conversely, if the investors go bullish in the crypto, the bulls might take over and enthrone XRP to an uptrend position. In simpler terms, the price of XRP might plummet to almost $0.2017, a bearish signal.

Meanwhile, our long-term XRP price prediction for 2022 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 it attained the previous years.

Also, it be seen that once this present bearish trend is maintained to a point on or close to support1 level, a double bottom could be formed. If this happens, it should be expected that the price of XRP would get to at least Resistance4 which would give the buyers at that point close to 50% profit.

However, XRP could reverse and trade between the reistance4 price of $0.9065 and the resistance price of $1.9617 soon.

Ripple (XRP) Price Prediction – ADX

Let us now look at Ripple’s Average Directional Index (ADX). In particular, the ADX assists traders in finding the strength of a trend rather than its direction. It can also be utilized to determine whether the market is changing or if a new trend is beginning.

The value of ADX for XRP is 33.52 which indicates that the recent trend is strong since it lies between 20 and 40.

Ripple (XRP) Price Prediction – MA

More so, the Ripple’s Moving Average (MA) is shown in the chart above. Currently, XRP is in a bullish state. Notably, the XRP 50-day MA is below the 200-day MA (long-term), so it is completely in a bullish state. Therefore, there is a high possibility of a Trend reversal at any time.

Ripple (XRP) Price Prediction 2023

If this bullish trend continues, XRP will reach $5 by the end of 2023. Moreover, the first half of 2023 is going to show fast growth, up to $7. Then this rise will slow down, but no major falls are expected. With recent and upcoming partnerships, and developments reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Ripple (XRP) Price Prediction 2024

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 $10, making it not plummet but play consistently.

Ripple (XRP) Price Prediction 2025

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 $15.

Ripple (XRP) Price Prediction 2026

In the next four years, XRP prices could get up to $30. 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 2022. With the ongoing developments happening within the XRP ecosystem, as well as in the overall crypto market, we may see XRP attain new all-time high prices.

Bullish XRP price prediction 2022 is $1.9617. As said above, it may even reach $10 if investors have decided that XRP is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum since most crypto move in the direction of the Bitcoin trend.

FAQ

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 since it gave investors more than 110% return on investment. However, XRP has a high possibility of surpassing its current ATH at about $3.84 it attained in January 2018 by 2022.

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 $1.9617 and go all the way to $10. Of course, this is very likely to happen if the bullish market continues to favor crypto.

Is XRP a good investment in 2022?

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 potentially good crypto to invest in this year considering the recent partnerships that have increased its adoption.

What is the lowest price of XRP?

It is $0.002802 that was attained on July 7th, 2014 according to CoinMarketCap.

Which year was XRP launched?

XRP was launched in 2012.

Who are the co-founders of XRP?

They are Chris Larsen and Brad Garlinghouse.

What is the maximum supply of XRP?

It is 100 billion XRP.

How do I store XRP?

XRP can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the XRP price by 2023?

Ripple’s (XRP) price is expected to reach $5 by 2023.

What will be the XRP price by 2024?

Ripple’s (XRP) price is expected to reach $10 by 2024.

What will be the XRP price by 2025?

Ripple’s (XRP) price is expected to reach $15 by 2025.

What will be the XRP price by 2026?

Ripple’s (XRP) price is expected to reach $25 by 2026.

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.