XRP price prediction 2024-2030: Will XRP reach $1?

Key takeaways

• The XRP price prediction suggests that the coin’s price can increase by 25%, reaching the $0.6329 level by the end of 2024.
• The growing adoption rate of the XRP Ledger Protocol could push XRP to $1.77 with a possible maximum trading value of $2.13 in 2027.
• In 2030, the target price for XRP is between $5.15 and $6.30, with an average price of $5.30.

XRP has a strong community of supporters and developers continues to see tremendous potential in Ripple’s technology and products. Despite short-term price fluctuations and a bear market, many analysts believe XRP has a bright future.

It remains to be seen whether it will reach new highs or continue to grow steadily, but this crypto asset will undoubtedly play an important role in global financial institutions.

Is XRP a good investment? Will Ripple ever go up? Where will XRP be in five years? Let’s answer these questions in our XRP price prediction.

Overview

XRP price prediction: Technical analysis

XRP technical analysis: XRP devalues to $0.604 amidst descent

TL;DR Breakdown

• XRP price analysis shows a downward trend at $0.604.
• The cryptocurrency has lost up to 3.99% of its value today.
• XRP prices are seeking resistance around $0.632 high.

On August 25, 2024, XRP price analysis revealed a downward trend for the cryptocurrency. The bears are ruling the market, as reflected from the decline today. Coin value is at $0.604 as a bearish strike was observed during the day. If we talk about the overall market sentiment, then it remains negative as the cryptocurrency lost up to 3.99% of its value if observed throughout the last 24-hours.

XRP price analysis on a daily timeframe: Coin value deteriorates to $0.604 end

The 1-day XRP price analysis is suggestive of a decreasing trend for the cryptocurrency. Coin value has deteriorated to $0.604 in the past 24-hours. This decreasing movement confirms a bearish trend and a negative market sentiment. However, there are low chances of reversal as the volatility levels continue to recede.

The distance between the upper and lower sides of the Bollinger bands indicator determines volatility. As the bands are converging, this signals a decrease in the volatility. Moreover, the upper side of the Bollinger bands indicator, acting as the resistance band, is at $0.632. The lower side of the Bollinger bands indicator, serving as support, is at $0.530.

The Relative Strength Index (RSI) indicator is present within the neutral region at 56.79. As the RSI is still moving downwards, this confirms a bearish market sentiment. The continual descending movement of the RSI signifies an imbalance in the trading environment. If the selling activities continue to dominate over the buying activities, the RSI value can deteriorate further. 

XRP price analysis on the 4-hour chart: Cryptocurrency gains recovery beyond the $0.604 hurdle

The hourly price prediction for the cryptocurrency confirms an uptrend. Currently trading at $0.604 high, the coin value has received a considerable recovery. The bulls are back on track as an ascending movement was observed in the last four hours. However, the cryptocurrency value is still present below the moving average.

The volatility is increasing as the Bollinger bands are widening. This increase in volatility indicates a higher market unpredictability. The upper limit of the Bollinger bands indicator, the resistance band, is associated with $0.619. Moreover, the lower limit of the Bollinger bands indicator, the support, is situated at $0.590. 

The RSI indicator confirms the bullish strike in the past few hours. Its value has ascended up to 51.82 in the last four hours. Although it is present within the neutral region, it is still moving upwards. This signifies an encouraging scenario for the investors considering the rapid upside. 

XRP technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

What to expect from XRP price analysis

Ripple price analysis gives out a highly bearish prediction regarding the ongoing market events. Its value has decreased to $0.604 in the past 24-hours. If observed throughout the day, the cryptocurrency lost up to 3.99% of its value today. Therefore, the market sentiment remains negative. Technical indicators favor the bulls; conversely, the price charts are supporting the bears for now.

Is XRP a good investment?

XRP, a cryptocurrency specifically tailored for rapid and cost-effective cross-border transactions, holds promise within global finance. The extent of adoption and Ripple’s strides in forging strategic partnerships are pivotal in shaping XRP’s value trajectory. As with any investment, the outlook for XRP remains uncertain, necessitating a cautious approach and thorough due diligence.

Why is XRP down?

The XRP/USD, crypto pair price, has devalued today as the selling influx was abruptly taken, taking the price to $0.604. The RSI has also taken a turn downward, and still above 50, the situation can lead close to the oversold region.

Will XRP recover? 

XRP is dipping over the short term; nevertheless, the decrease in rice levels is gradual, with bullish periods in between. The price action is nothing unusual in the crypto market, with equal chances of upward price reversal.

Will XRP reach $1?

XRP will have to surpass several resistance levels to reach $1. With a not-very-solid bearish trend and XRP’s current price action, it is possible that the coin can reach $1 by next year. The last time XRP was seen on the $1 level was November 30, 2021.

Will XRP reach $10?

Per our Cryptopolitan price prediction, XRP has low chances of reaching $10 in the next five years. However, it is expected to reach $10 by 2031.

Will XRP reach $100?

If one XRP coin is worth $100, its market cap must be more than $5.4 trillion. Comparatively, Bitcoin’s market cap is $1.18 trillion; considering the current global economic situation, it is unlikely for XRP to reach $100.

Does XRP have a good long-term future?

XRP is expected to increase in value gradually over the coming years. Currently, the coin is trading at the lowest level of the last year; however, it is expected to reach $7 by 2030, which makes it a valuable asset for multiple gains.

Recent news/opinions on the Ripple Network

• August 7: In a significant decision that could fundamentally alter the cryptocurrency industry, federal Judge, Analisa Torres, has taken the side of Ripple in its protracted legal spat with the SEC. Even though it was discovered that some of Ripple’s XRP sales were unregistered securities offerings, XRP is not regarded as a security in and of itself. Ripple was hit with a $125 million civil fine despite winning. Although far less than the SEC’s initial demand of $2 billion. The verdict has resulted in a rapid increase in the price of XRP.
• Ripple Network published its 2024 second-quarter report on August 2.

XRP price prediction August 2024

According to XRP price prediction, in August 2024, XRP could reach a maximum expected XRP price of $0.658. The average trading price is expected to be $0.592 for the month, while the lowest it can go as per XRP cost estimation is $0.475.

XRP price prediction 2024

XRP price prediction for 2024 suggests that the price could reach a maximum price of $0.6686 by the end of December. We expect an average trading price of $0.5852 and a floor price of $0.5652.

XRP price predictions 2025-2030

XRP price prediction 2025

The XRP price prediction for for 2025 is a minimum price of $0.8435 and an average price of $0.8669. The maximum forecast price for 2025 is $0.9901.

XRP price prediction 2026

The XRP price prediction for 2026 suggests that the XRP cryptocurrency could reach a minimum trading price of $1.22 and an average price of $1.26. The XRP price forecast further suggests that the Ripple coin is estimated to reach a maximum price of $1.46.

XRP price prediction 2027

Ripple XRP price prediction for 2027 estimates a minimum value of $1.77 and an estimated average XRP price of $1.83. The maximum price forecast for 2027 is $2.13 increasing its market cap significantly.

Ripple price prediction 2028

The XRP price prediction for 2028 expects the price of 1 XRP to reach a minimum of $2.39 in 2028. The XRP price can reach a maximum level of $3.01; according to the XRP price forecast, the estimated average trading value is expected to be $2.48 throughout 2028. 

XRP price prediction 2029

The XRP price prediction for 2029 estimates that XRP to attain a minimum XRP price of $3.58 and an average trading price of $3.68, with a maximum price of $4.14 as per the XRP price forecast in a bullish scenario.

XRP price prediction 2030

According to the XRP price prediction for 2030, Ripple is predicted to hit a minimum XRP prices of $5.15 and an average expected trading cost of $5.30 throughout the year 2030. The maximum forecasted Ripple price for 2030 is set at $6.30 as expected peak value.

XRP market price prediction: Analysts’ XRP price forecast

Cryptopolitan’s XRP price prediction

Our forecast shows that XRP will achieve a high price of $0.6329 near the end of 2024. In 2025, the XRP price will range between $0.8435 and $0.9901. In 2030, the cryptocurrency will range between $5.15 and $6.30, with an average price of $5.30. It is important to consider that predictions are not investment advice. Professional consultation is suggested, or you can carry out your own research.

XRP historic price sentiment

• Before 2017, the asset’s value hovered around $0.01; in April 2017, it rose to $0.05; the gradual climb soon continued as it reached $0.25 in May, showing a positive price action as Ripple continued to excel.

• Towards the end of 2019, XRP price stabilized at around $0.30 and did not cross the $0.5 mark throughout the year.
• However, the bullish run of 2020 pushed the coin’s value to a peak price of $0.8, gaining investor interest before finishing the year at $0.66.
• Early 2021 was supposed to be bullish for XRP, but the SEC announced a lawsuit that derailed investors. Nonetheless, XRP beat the odds and surged above $1.5 during the year, but by 2022 it plummeted significantly to as low as $0.31.
• XRP started 2023 at $0.335, and on July 13, it almost doubled its value in a steep spike. It shot from $0.470 to $0.814 while swinging towards $0.9 for a few hours. A partial victory against the SEC triggered the price jump, surging the trading volume. XRP closed 2023 at about $0.62.
• In 2024, XRP has so far ridden the market wave. The bears earlier on and then a bullish price movement by mid-March resulted in a market price of $0.72, according to data from the cryptocurrency market.
• In July, XRP traded between $0.418 and $0.658, showing a good recovery. However, the coin has been under bearish pressure since the start of August, falling back down to the $0.550 range.

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