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Is Ripple Worth Buying 2021?

Wondering if Ripple is worth investing this year? Use the guide below and get your question answered!

5 Min Read
Last Updated April 22nd 2021
  • Ripple is seeking regulatory clarity following the ongoing SEC lawsuit.
  • XRP whales are filling their bags at a high rate, in turn, adding immensely to the buying pressure.
  • A break above $1 will trigger FOMO as investors push for gains toward the all-time high.
  • Ripple's outlook seems bullish in the long run based on the MVRV, implying a good investment in 2021.

In this guide we are going to talk about Ripple - what will Ripple be Worth in 2021, and why you should consider investing in it.

By the end of this guide, you’ll have a greater understanding of Ripple — and you will be able to answer the questions “is Ripple worth buying this year?”, and if so, "what is the best exchange to buy XRP?".

The world of cryptocurrency is constantly on the rise. As you probably are aware, ever since the presentation of Bitcoin, the estimations of computerized monetary forms are expanding step by step. Indeed, even in a brief timeframe, the estimation of crypto prices has been raised by thousands and cryptocurrencies have become attractive assets to invest in.

As you probably are aware, ever since Bitcoin’s creation and the creation of cryptocurrency, digital currencies have increased in price step by step.

In the brief timeframe since Satoshi’s whitepaper, price predictions for many cryptocurrencies have increased very dramatically, and cryptocurrencies are now seen as more attractive assets to invest in.

Launched in 2012, Ripple is one of the most valued cryptocurrencies among the crypto community.

Many experts consider Ripple to be an advanced coin and it is currently positioned as the 4th largest coin by market capitalization by CoinMarketCap.

More recently Ripple experienced a steep decline price as it faced allegations by the SEC (US Securities and Exchange Commission), but crypto analysts believe that Ripple is still worth buying in 2021 as its price is expected to grow.

Ripple Overview

Ripple has stood out as the go-to blockchain platform for cross-border transfers that are fast and affordable, from its inception. For the longest time, XRP was the third-largest cryptocurrency in the market. However, it was overtaken by Tether (USDT) and later lost several positions due to the uncertainty caused by the ongoing lawsuit.

The international transfer token was designed to solve the problem currently being faced by leading fiat transfer systems like SWIFT. Therefore, Ripple roared into existence in 2013 as a worldwide system supporting payments, international settlements, and a trading instrument. The token XRP is native to the blockchain, the XRP Ledger.

It is essential to keep in mind that Ripple distinguishes itself from Bitcoin (BTC) and Ethereum (XRP) as the bridge between the fiat and the digital worlds. Moreover, Ripple believes that it is capable of solving real-world problems. Note that XRP is not a mineable coin like BTC and ETH because all its 100 billion tokens were created at the beginning of the project.

The only impediment is that XRP comes out as a centralized cryptocurrency and not decentralized like its peers, mostly because 55 billion of the total supply is under Ripple Labs' ownership.

What Has Ripple Achieved So Far?

Ripple has built various systems over the years to help it achieve its goals. For instance, RippleNet is a blockchain platform that allows customers to utilize XRP when sourcing liquidity, especially in international markets. The platform is already linking more than 300 banks and payment institutions to ensure instant settlements while lowering exchange fees.

The company's latest flagship product is the on-demand liquidity (ODL) which helps people, banks, and other money transfer institutions deliver instant cross-border payments without pre-funding the new markets.

Major global organizations like MoneyGram have backed ODL. It continues to thrive in countries like Brazil, the Philippines, and the Asian region. Besides, it provides people with a means of sending and receiving money internationally in a fast and affordable manner.

By many experts, Ripple is considered to be an advanced coin which is positioned as the 4th crypto asset in Coimarketcap’s list. Launched in 2012 Ripple is one of the most valuable cryptocurrencies among the crypto community.

Ripple recently experienced a decrease in price as it faced SEC allegations but crypto analysts believe that Ripple is worth buying in 2021 as its value is expected to grow.

Why Should you Invest in Ripple in 2021?

There are all kinds of reasons why you might want to invest in Ripple today — Probably some you've never considered.

Ripple continues to grow in popularity in a gradual manner.

Interestingly, there was a rise in the number of new users joining the network in late 2020, and this has given crypto experts a positive impression of Ripple’s future.

And only in January 2021, the rise of user engagement in the network increased by 240%.

Ripple’s XRP token was never intended to be used as payment; it was only intended to be used to facilitate transactions on Ripple’s exchange. In any case, there are some online merchants that accept payment in XRP tokens. 

The essential use case for XRP is for the movement of different monetary standards (or assets and commodities like gold or oil) over the Ripple network.

Moreover, investing in Ripple in 2021 might be a good move as XRP’s price is low at the moment and it is expected to increase in the near future.

Ripple's bullish outlook from an on-chain perspective

On-chain metrics provide great insight into the price action of cryptocurrencies. According to Santiment's holder distribution model, whales are on a wild buying spree. For instance, the number of addresses holding between 10,000 and 100,000 XRP increased from the December low of 95,022 to nearly 104,500. Simultaneously, those containing between 100,000 and 1 million XRP rose from 15,860 to roughly 17,225.

The upswing in whales is a massive bullish signal that could see XRP increase in value this year. Note that the volume moved by the whales is bound to increase the tailwind behind XRP.

The MVRV model reveals that XRP is still in a buy zone. Santiment explains that the metric highlights the average profit or loss of those holding XRP tokens that changed hands over the last 30 days and based on the price when each token last moved. Therefore, an MVRV equal to two suggests that XRP holders are currently 2x on their investment.

In other words, investors are unlikely to sell when they are at the money or a loss. A high MVRV value means that a correction is plausible, as investors would prefer to cash out for profit. At the time of writing, XRP's MVRV model holds at 0.459, implying that the cross-border token is still in the buy zone.

Ripple is getting popular in a gradual manner, one of the few reasons backed up by the overall expansion of the coin over the years. The rise of users joining the network only in late 2020 leaves a positive impression on crypto expects. Only in January 2021, the rise of user engagement in the network rose up to a percentage of 240%.

Ripple was never intended to be money or a strategy for payment. This makes it a somewhat average coin to invest in. In any case, there is a little rundown of markets which acknowledge payment in XRP tokens on the web. 

For instance, you can purchase different goods with it, which makes it more attractive to buyers. You can discover a rundown of merchants that are evidently able to acknowledge Ripple's XRP, yet things are changing continually and some known markets at this point do not acknowledge it. 

The essential use case for XRP is proposed to be for the movement of different monetary standards (or for sure items, for example, gold or oil) over the Ripple organization. Moreover, investing in Ripple in 2021 might be a good move as XRP’s price is low at the moment and it is expected to increase in the near future.

What Will Ripple be Worth in 2021?

Since the price of Bitcoin peaked at $62,000, some crypto traders prefer to invest smaller figures in cryptos with higher returns, such as Ripple. This could help Ripple increase in value as there is more demand.

The Economy Forecast Agency is optimistic when forecasting Ripple price in 2021, predicting that it could reach as high as $1.69 by October. Digitalcoin, which is known for a more conservative approach when forecasting prices, predicts that Ripple could reach 1.89 as early as March, and then drop to $1.86 by December 2021.

XRP/USD weekly chart

The Moving Average Convergence Divergence (MACD) has a bullish impulse, insinuating that XRP will carry on with the uptrend. Moreover, the 50 Simple Moving Average (SMA) is about to cross above the 100 SMA on the weekly chart, creating a bullish golden cross pattern. If the uptrend continues, XRP could overshoot the all-time high and rally toward $10. Ripple's utility continues to grow, a factor that will support the expected massive jump in value.

Since the price of Bitcoin has now crossed the $60,000 mark individuals who want to invest smaller figures and have higher returns prefer to invest in coins such as Ripple. This additionally could help Ripple rise in value as there will be more demand.

But, what will Ripple be worth in 2021? Longforecast predicted that XRP value could reach as high as $1.89 by 2021. Digitalcoin predicts that Ripple could reach $1.89 as early as March, and then drop to 1.86 by December 2021.

Is XRP Worth Investing in 2021?

XRP has delighted traders with some sharp gains 2021 so far. While the token reached its lowest price of $0.20 per coin in January, it managed to rally up to $0.61 in mid February for a short time.

However, there are many assumptions and speculations taking place when it comes to the investment in XRP during 2021.

Aside from The Economy Forecast Agency’s prediction mentioned above, there is another prediction made by Nigel Green, the CEO of the deVere Group, that Ripple could hit $1 and reach parity with the US dollar.

Though the prediction was actually made in 2018, Green’s reasoning behind his prediction still resonates. He referred to both the attention the XRP token receives and the token’s handiness. If correct, this would make the coin highly attractive to invest in.

Will Ripple Price Grow in 2021?

Ripple’s price will likely grow in 2021. It may even reach $2 according to many crypto observers in general.

As a startup, Ripple has been financed by various financial backers including well-known organizations, such as Google, who invested $55 million in 2016.

Since Ripple is believed to continue growing, various companies and organizations have chosen to invest in the project.

Ripple Coin News suggests that the coming years could be very fruitful for Ripple after a period of unpredictability, and that XRP’s price could increase to $8 by the end of December 2025. 

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Key Words

  • Longforecast is optimistic when forecasting Ripple price in 2021, predicting that it could reach as high as $1.09 by October.
  • Rise of Ripple price to a higher value, namely around $1.20 by the end of 2021.
  • It is only logical that the Ripple price shall rise in the near future, namely by the end of 2021.

Read Also:

What is Ripple? A Beginner’s Guide

Ripple Price Prediction

What Will Drive The Ripple XRP Price in 2021?

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