Is It a Good Time to Buy Ripple?

Last Updated October 11th 2021
3 Min Read

If you want to buy Ripple, 2021 is a good year because the value of Ripple is still low. The Securities Commission Exchange (SEC) has accused Ripple of selling tokens unlawfully, but Ripple is denying that, saying that XRP is not a security. In the case of Ripple winning the battle with SEC, its price might start increasing, that’s why it might be a good time to buy Ripple while its price is low.

Is It a Good Idea to Buy Ripple?

Buying Ripple while its price is low might turn out to be beneficial as its price is expected to increase in 2021 and in the upcoming years. Crypto analysts believe that Ripple might reach $2 in 2022. At the moment Ripple price is $1.16 and according to Coinpedia by the end of 2021 Ripple could reach $2 and eventually $4 in 2022. Therefore it is a good idea to buy Ripple.

Ripple Network’s primary role is to provide financial institutions and other clients with valuable payments solutions. Banks typically deliver sluggish and pricey transfers and Ripple aims to fix that.

Is Ripple a Good Buy?

Yes. Ripple is a good buy. Ripple is one of the most valued cryptocurrencies by the crypto community. Ripple has a low price which could potentially grow in the future and bring returns to your investment. Since 2013, the Ripple protocol has been adopted by a growing number of financial companies. On December 29, 2017, XRP for a short period of time became the second-largest cryptocurrency, in Coinmarketcap’s list. At the moment XRP is ranked seventh but it’s expected to rank higher as its price is predicted to increase.

Why Is Ripple Going Down?

The main reason why Ripple lost value is from the allegations made by the Securities Commission Exchange (SEC) for selling tokens unlawfully. The moment the news was launched Ripple started to lose value. 

After that, many cryptocurrency exchangers started to delist XRP from their platforms which caused even more losses to Ripple XRP. Ripple has been denying the allegations saying that XRP is not a security and has not done anything against the law. The case is still pending. However many exchanges have started to return Ripple on their platforms and the Ripple price has started to recover.

What Will Ripple Be Worth in 2022?

In order to know what Ripple will be worth in 2021, let's take a look at the predictions. Digitalcoin predicts that Ripple may reach $2 in June 2022. Walletinvestor also is optimistic. They predict that the price of Ripple by October 2022, could reach $2. Longforecast is less optimistic predicting that the price of Ripple may reach only $1.7 in August 2022.

Key Points

  • If you want to buy Ripple, 2021 is a good year because the value of Ripple has been low since the beginning of 2021 and it is expected to increase, according to experts.
  • At the moment Ripple price is $1.16 and according to Coinpedia by the end of 2022 Ripple could reach $4.
  • Ripple is a good buy. On December 29, 2017, XRP for a short period of time became the second-largest cryptocurrency, in Coinmarketcap’s list.
  • The main reason why Ripple lost value is from the allegations made by the Securities Commission Exchange (SEC) for selling tokens unlawfully, which Ripple keeps denying.
  • Digitalcoin predicts that Ripple may reach $2 as early June 2022. 
  • Walletinvestor predicts that the price of Ripple by October 2022, could reach $2.

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