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.
Experts believe that XRP’s future performance is promising for several reasons. For one thing, 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
| Cryptocurrency | Ripple |
| Token | XRP |
| Price | $0.566 |
| Market Cap | $31,728,976,883 |
| Trading Volume | $1,098,716,095 |
| Circulating Supply | 56,113,081,096 XRP |
| All-time High | $3.84 Jan 04, 2018 |
| All-time Low | $0.002802 July 07, 2014 |
| 24-hour High | $0.5819 |
| 24-hour Low | $0.5638 |
XRP price prediction: Technical analysis
| Metric | Value |
| Volatility | 13.57% |
| 50-Day SMA | 0.516164 |
| 200-Day SMA | 0.543824 |
| Sentiment | Bearish |
| Fear & Greed | 37 (Fear) |
| Green Days | 19/30 (63%) |
XRP technical analysis: Downside leads to loss below $0.566 low
TL;DR Breakdown
- XRP price analysis shows a downward trend at $0.566.
- Coin value has depreciated by 1.73% at the time of writing.
- XRP coin seeks resistance around the $0.647 boundary.
On August 15, 2024, XRP price analysis revealed a downward trend for the cryptocurrency. Currently available at $0.566, the coin value has experienced a devaluation up to 1.73%. Although the early part of the week proved in support of the buyers, today, the bears remained dominant. In the past 24-hours, the selling activities remained higher than the buying activities, thus dictating a bearish market sentiment.
XRP price analysis on a daily timeframe: Coin value sinks to $0.566 amidst downside
The 1-day price chart for XRP/USD is suggestive of a declining market trend. The downward movement is indicative of a strong bearish comeback. XRP coin is currently trading at $0.566, after a prominent loss since yesterday. Low signs of reversal in the market events can be observed, as the market sentiment remains negative and the market volatility is constant.
The area between the upper and lower extremes of the Bollinger bands indicator dictates market volatility. The volatility remains stagnant, signaling low signs of reversal. Moving on, the upper limit of the Bollinger bands indicator, acting as the resistance band, is present at $0.647. Whereas the lower limit of the Bollinger bands indicator, the support, is situated around $0.502.
The Relative Strength Index (RSI) indicator is present within the neutral region. Currently at 50.30, the RSI continues to head in the downward direction. This continual downward movement of the RSI is indicative of a negative market sentiment. As the RSI heads below the neutral region, higher chances of market instability continue to resurface.
XRP price analysis on the 4-hour chart: Upturn results in recovery above $0.566
The four-hour price analysis for Ripple indicates an increasing trend. A bearish turn was observed in the earlier hours of the day. However, currently, the bulls have evaded recovery. XRP/USD value is now $0.566, and still recovering. Following the previous decline, the coin value has receded below the moving average.
The Bollinger bands are converging, thus signaling a decreasing market volatility. This declining shift in volatility indicates a low market unpredictability. The upper boundary of the Bollinger bands indicator, marking the resistance point, is at $0.581. However, its lower boundary, which serves as the support, is present around $0.563 end.
The RSI indicator is hovering within the neutral region. Following the upturn, its value has ascended to 45.33. Its graph displays an upward curve, as the bulls have secured a return on the price chart. This induces encouraging signs for the buyers regarding the coming upturn, as the past four hours proved in support of the bulls.
XRP technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 0.580545 | SELL |
| SMA 5 | 0.598967 | SELL |
| SMA 10 | 0.600876 | SELL |
| SMA 21 | 0.575025 | SELL |
| SMA 50 | 0.516164 | BUY |
| SMA 100 | 0.51781 | BUY |
| SMA 200 | 0.543824 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | 0.607282 | SELL |
| EMA 5 | 0.605953 | SELL |
| EMA 10 | 0.597899 | SELL |
| EMA 21 | 0.571303 | SELL |
| EMA 50 | 0.537628 | BUY |
| EMA 100 | 0.531563 | BUY |
| EMA 200 | 0.539533 | BUY |
What to expect from XRP price analysis
Ripple price analysis presents a bearish trend for the cryptocurrency, as observed over the determined period of time. The coin value is trading at $0.566, after experiencing a downfall up to 1.73%. This descent is indicative of an intensifying selling pressure as compared to the buying pressure. If we discuss the technical indicators, they are giving a neutral verdict, whereby the price charts depict a bearish scenario.
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 $0.566. 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 $0.475.
| Period | Potential Low ($) | Average Price ($) | Potential High ($) |
| XRP price prediction August 2024 | $0.475 | $0.592 | $0.658 |
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 $0.5652.
| Period | Potential Low ($) | Average Price ($) | Potential High ($) |
| XRP price prediction 2024 | $0.5652 | $0.5852 | $0.6686 |
XRP price predictions 2025-2030
| Year | Minimum | Average | Maximum |
| 2025 | $0.8435 | $0.8669 | $0.9901 |
| 2026 | $1.22 | $1.26 | $1.46 |
| 2027 | $1.77 | $1.83 | $2.13 |
| 2028 | $2.39 | $2.48 | $3.01 |
| 2029 | $3.58 | $3.68 | $4.14 |
| 2030 | $5.15 | $5.30 | $6.30 |
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
| Firm Name | 2024 | 2025 |
| DigitalCoinPrice | $1.19 | $1.37 |
| Wallet Investor | $0.40 | $0.86 |
| Coincodex | $ 0.65 | $ 1.18 |
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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