The world has witnessed an increase in interest in cryptocurrencies such as Ripple. Ever since the rise of Bitcoin more than a decade ago, the crypto world has experienced a rise of interest from anyone slightly technologically savvy.
In the midst of all this, “XRP” - the token behind Ripple - stands out as a payment solution for various banks and payment networks.
So, where does Ripple stand nowadays? With a current price of $0.87 per coin, Ripple might have the potential to reach $1.
But, will Ripple indeed reach $1?
Many analysts agree that it is possible.
Coinswitch predicts that by the end of 2021 Ripple can reach $1 and actually exceed it by going all the way to $2.
Digitalcoin also predicts XRP could get close to $1, forecasting it to reach $0.92823112 by December 2021. And Trading Beasts seems to validate this prediction, believing that Ripple may get close to $1 by reaching $0.89 by December 2021.
Meanwhile, WalletInvestor gives a more conservative prediction, believing that Ripple’s price could reach $0.587 in one year, which is closer to its current price.
As we can see cryptocurrency forecasters largely have positive predictions for XRP, believing that Ripple can reach the price of $1 and even exceed it.
Most likely this is due to the fact that Ripple continues to grow as a payment solution.
However, as Ripple is still facing charges from the US Securities and Exchange Commission (SEC), it may take longer for Ripple to reach $1.
Will Ripple Recover?
Ripple, more specifically XRP, experienced a price crash at the beginning of 2021, losing approximately 65% of its value.
This was caused by the SEC when they sued Ripple. Their argument was that Ripple raised $1.3 billion by ‘irregular means’. These irregular means included unregistered offers of digital security assets.
Stephanie Avakian, the director of the SEC’s Enforcement Division, said that:
“We allege that Ripple, Larsen, and Garlinghouse failed to register their ongoing offer and sale of billions of XRP to retail investors”.
XRP appeared to be in a constant downward spiral. Many cryptocurrency exchanges decided to limit XRP trading. This pushed Ripple’s price further to a new low of $0.17.
Ripple is most well-known for its RippleNet innovation, which facilitates bank-to-bank transfers including cross-border payments. They have gained a great deal of attention in comparison to previous years.
This is obviously a positive sign for the future of Ripple. Moreover, if Ripple wins the case against the SEC, its price might soar.
Will Ripple Eventually Reach $5?
Forecasts are largely positive and many experts seem to believe that the price of Ripple could reach $5 in the near future. This would be a tremendous achievement for the coin and would bring investors great profits.
Ripple has collaborations with many well-known financial companies around the world and it is only expected to grow and play an important factor in the financial world.
Although the SEC’s court case caused Ripple to lose a great deal of value, analysts believe Ripple may still reach the figure of $5. Ripple Coin News predicts that it could actually exceed the figure of $5 by reaching $8 by 2025.
What Will Ripple be Worth in 2025?
Ripple is often associated with other well-known cryptocurrencies, such as Bitcoin and Ethereum.
With fiat monetary standards expected to fall, digital currencies which are hard-covered and deflationary are expected to develop higher than ever and show their actual influence.
Experts say that in the next decade the price of Ripple may increase ardently, rising up in a gradual manner. They appear to agree that a rather high price can be reached by the year 2025. In the following 4 years, XRP may advance to record costs inside the $4-$8 area.
Will XRP go up or crash? Read our Ripple XRP Price Prediction 2021 – 2025
Will Ripple Reach $1,000?
As the cryptocurrency market is so unpredictable, anticipating future prices of digital currencies can be very difficult. We also need to consider what might influence different price predictions by different experts as well.
According to Capital.com, it is assumed that XRP will largely trade at around $0.30 per coin until the end of 2021, which highlights just how much Ripple would have to grow by to reach this target.
Will XRP reach $1,000?
It is unlikely that Ripple could attain such a figure at this time. This is because of a number of factors, though perhaps the most important is that Ripple’s market cap would have to reach approximately $100 trillion.
eToro – The Best Platform To Buy Ripple
eToro have proven themselves trustworthy within the industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.
- The cryptocurrency market is at an all-time high.
- With a current price of $0.57, Ripple has the potential to reach $1.
- In December 2020, around 2,050 new addresses joined the Ripple network on a daily basis.
- XRP price crashed to a new low of $0.17 due to the SEC’s court case.
- Different websites seem to suggest Ripple reaching $5 in the near future.
- Ripple could hardly reach $1,000 because its market cap would have to be at approximately $100 trillion.