Cryptocurrency
What are the price predictions for Ripple?
Cryptocurrencies are an emerging technology aimed at shaking up the future of various types of markets. The cryptocurrency that interests us the most in this article, commonly referred to as Ripple or XRP, is one of those cryptocurrencies that aims to revolutionize an entire industry, particularly that of cross-border transactions.
The company had to respond to a charge from the SEC towards the end of 2020, thus threatening the sustainability of Ripple.
As a result, several specialists and investors have begun working to establish some predictions regarding the price of Ripple.
Indeed, a technical assessment can be useful in determining from what point certain values of XRP could be reached.
Here, you will find what we can expect according to some of the best specialists in this cryptocurrency sector.
Ripple was able to take off and launched into a real explosion after breaking an upward curve that had served as support for three consecutive years.
In the blink of an eye, the price of XRP skyrocketed to reach 90 cents per token. However, the SEC (Securities and Exchange Commission) of the United States initiated legal proceedings against the founding company of the token, claiming that the security is unregistered and that consequently, it would be prohibited for American trading platforms to deal in this security.
This situation complicates the progression of Ripple’s price compared to other alternative currencies or Bitcoin. Nevertheless, to date, the support has held up well, and the price of XRP is making another attempt to break through. A real breakout could push the price of XRP up to $3 or even further. But given the unfavorable position of the SEC, XRP risks falling to below 10 cents.
In the event that XRP manages to distinguish itself and maintain its current momentum, and even comes out victorious from the lawsuit filed by the SEC, or has the lawsuit withdrawn or finds a settlement, it could be lift-off time for Ripple. Cryptocurrencies have a cyclical nature, and often each cycle constitutes a recurring pattern known as fractal.
If the fractal pattern persists, Ripple could increase and rise to $27 per token in the short term. However, the period from 2022 to 2023 is expected to be the peak of this latest bullish phase, possibly triggering the eventual onset of a bearish cycle.
It might seem as though Ripple has not yet even entered a bullish market phase to already talk about the upcoming bearish cycle. Nevertheless, looking from a two or three-year perspective, and considering that a peak may occur quickly during the current cycle, it is possible to foresee a forthcoming bearish or downward market. If this hypothesis proves true, Ripple could fall to $8 per coin, marking the beginning of its future bearish cycle.
Ripple has the ability to disrupt several sectors and benefits from the support of several Ripple Labs specialists and various shareholders who tirelessly work to promote the development and deployment of this digital asset. Nevertheless, it is now forced to overcome the obstacles posed by the main U.S. regulatory bodies.
If you wish to venture into the cryptocurrency sector, you must invest an amount that you will be able to afford to lose. The XRP is a promising investment, but it also presents risks, as its price is never stable. Therefore, you need to carefully assess the price you want to invest, always stay alert regarding the evolution of this market, and consult with specialists in this field.
The company had to respond to a charge from the SEC towards the end of 2020, thus threatening the sustainability of Ripple.
As a result, several specialists and investors have begun working to establish some predictions regarding the price of Ripple.
Analysis and potential of Ripple prices
Indeed, a technical assessment can be useful in determining from what point certain values of XRP could be reached.
Here, you will find what we can expect according to some of the best specialists in this cryptocurrency sector.
Ripple price prediction for 2021
Ripple was able to take off and launched into a real explosion after breaking an upward curve that had served as support for three consecutive years.
In the blink of an eye, the price of XRP skyrocketed to reach 90 cents per token. However, the SEC (Securities and Exchange Commission) of the United States initiated legal proceedings against the founding company of the token, claiming that the security is unregistered and that consequently, it would be prohibited for American trading platforms to deal in this security.
This situation complicates the progression of Ripple’s price compared to other alternative currencies or Bitcoin. Nevertheless, to date, the support has held up well, and the price of XRP is making another attempt to break through. A real breakout could push the price of XRP up to $3 or even further. But given the unfavorable position of the SEC, XRP risks falling to below 10 cents.
Ripple price prediction 2022 – 2023
In the event that XRP manages to distinguish itself and maintain its current momentum, and even comes out victorious from the lawsuit filed by the SEC, or has the lawsuit withdrawn or finds a settlement, it could be lift-off time for Ripple. Cryptocurrencies have a cyclical nature, and often each cycle constitutes a recurring pattern known as fractal.
If the fractal pattern persists, Ripple could increase and rise to $27 per token in the short term. However, the period from 2022 to 2023 is expected to be the peak of this latest bullish phase, possibly triggering the eventual onset of a bearish cycle.
Ripple price outlook for 2024 – 2025
It might seem as though Ripple has not yet even entered a bullish market phase to already talk about the upcoming bearish cycle. Nevertheless, looking from a two or three-year perspective, and considering that a peak may occur quickly during the current cycle, it is possible to foresee a forthcoming bearish or downward market. If this hypothesis proves true, Ripple could fall to $8 per coin, marking the beginning of its future bearish cycle.
Is Ripple a wise investment and what would its future hold?
Ripple has the ability to disrupt several sectors and benefits from the support of several Ripple Labs specialists and various shareholders who tirelessly work to promote the development and deployment of this digital asset. Nevertheless, it is now forced to overcome the obstacles posed by the main U.S. regulatory bodies.
- In the short term, prices ranging between $0.90 and $14 are anticipated by specialists and financial market analysts.
- In the medium term, according to analysts, prices could easily fluctuate between $26 and $100.
- In the long term, price forecasts place the price of XRP at record levels exceeding $100-200, although analysts foresee several hypotheses and situations in which a decline could occur during the same period after the achievement of the new record high.
If you wish to venture into the cryptocurrency sector, you must invest an amount that you will be able to afford to lose. The XRP is a promising investment, but it also presents risks, as its price is never stable. Therefore, you need to carefully assess the price you want to invest, always stay alert regarding the evolution of this market, and consult with specialists in this field.
A lire aussi :
