- XRP Prediction 2023 ranges from $1.34 to $2
- XRP might test $10 in 2025
- XRP bearish market prediction for 2021 is $0.87 to $1.12
This Ripple (XRP) price prediction 2023 is based purely on technical analysis. One will get to see the rationale behind this XRP price analysis.
Ripple has been performing quite well in terms of adoption. Back in 2020, Ripple partnered with Lemonway, a European payment system. Lemonway hopes to leverage this partnership to make its Euro transactions more efficient.
Ripple also came up with an innovative product called Line of Credit. Through this service, Ripplenet users can get funds easily to facilitate their cross-border payments.
In 2021, an Omani bank announced that it would start using Ripplenet for cross-border payments. This announcement saw XRP rally by over 20% in under 24-hours.
With all these and many other cases of Ripple adoption, one may wonder, are they enough to make Ripple (XRP) a good investment in 2023? This Ripple (XRP) market analysis and price prediction 2023, aims to answer these questions.
Ripple Overview
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What Is Ripple (XRP)?
Ripple is a fintech company that offers cross-border payment solutions globally. Ripple’s solutions are done through a proprietary system called Ripplenet. This system uses the cryptocurrency XRP for instant payments settlements.
XRP Current Market Status
At the time of writing, XRP was trading at $0.7469 with 24-hour volumes of $1.2 billion. It has decreased by 0.07% in the last 24-hours.
XRP’s circulating supply of 47.5 billion coins. Currently, XRP is listed on several top cryptocurrency exchanges, including OKEx, ZBG, Huobi Global, Upbit, eToro, and Binance.
With this background, here is a detailed 2023 XRP technical analysis.
XRP Price Prediction 2023
Would the crypto market performance be good enough for XRP to maintain its bullish position in 2023? Are you already executed to know the results? Well, let’s get to the bottom of this XRP price prediction 2023.
XRP is now ranked 6th on CoinGecko. With its growing adoption of the XRP blockchain, can it test higher prices? Below is an XRP price prediction to try and find out where XRP could go in 2023.
How XRP trades going forward will be premised on what it does next at this resistance level. If it gains upside momentum and pushes through this resistance with high volumes, then the next level to watch would be the 50.0% Fibonacci resistance at $1.73900.
If the momentum is strong enough to push XRP through this level, then this year’s high of $1.96 would come into focus. If buying momentum can push XRP through this price level, it could trade at prices higher than $2 by the end of the year.
On the flip side, if XRP lacks the momentum to go through the 61.8% Fibonacci resistance in the coming months, two scenarios could play out.
The first one is where XRP ends the year in a range at the 61.8% Fibonacci resistance. The second scenario is where XRP enters a correction and closes the year below a dollar.
Long-term, XRP’s price prediction for 2023 is strongly bullish. If it maintains its momentum, then $2 could be a possibility in 2023. However, this all depends on whether it can go through key resistance levels.
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XRP Price Prediction 2023
If this bullish trend continues, Ripple XRP will reach $3 by the end of 2023.
While there may be other factors that may have helped XRP rally over the last few months, the dominant one is Bitcoin. Since Bitcoin tested lows of $29k and bounced back, it has uplifted the entire crypto market with it.
This means the direction it takes going forward will have an impact on XRP as well. If Bitcoin goes back to its bullish trajectory and rallies past $50k, then there is a very high likelihood that XRP will blow through its key resistance levels too.
Things could get even more interesting if Bitcoin rallies and tests highs of $100k or more before the year ends. In such a scenario, there could be a high possibility of XRP testing price above $3 either within 2023.
XRP Price Prediction 2024
As per the latest upgrades for XRP price prediction, Ripple investors could expect many patneships and integration in 2024. This might boost the price of XRP and it will be the best investment as the XRP price can spike and reach $4.
In 2024, XRP has the potential to test highs of $4. Here are some of the factors that could propel it there.
More banks opting to use Ripplenet
Lately, XRP has shown to be quite responsive to any news that involves its use in cross-border payments.
As mentioned earlier, an Omani bank announced that it would start using Ripplenet for cross-border payments. This announcement saw XRP rally by over 20% in under 24-hours.
This is an indicator that if more banks can sign-up to use Ripplenet, which uses XRP for settlements, the value of XRP could rally to $4 going into 2023 and 2024.
Of course, the upside sentiment would be even bigger if such adoption news happens under the current crypto market environment.
The market is bullish now, which means the underlying positive sentiment amplifies any positive crypto news.
Major exchanges re-list XRP
After the SEC sued ripple, several major exchanges delisted XRP. This is quite normal considering that they are business entities and do not like uncertainty.
Unfortunately, this hurt investor confidence in XRP. This has been reflected in its volumes and price for months.
If any of these exchanges, for some reason, decide to re-list XRP, it would be a major confidence boost for this crypto.
It could trigger a surge in volumes that could see XRP rally faster than the rest of the market. This is one of the scenarios that could see XRP trade above $4 in 2023 and into 2024.
Check out: Should You Buy Ripple?
XRP Price Prediction 2025
The price of Ripple (XRP) is predicted to reach a maximum level of $7 by the end of 2025. The Ripple price is predicted to reach a minimum level of $4. If Ripple holds the support level, it could possibly reach $8 per token.
While it is impossible to predict the far future, there is a scenario where Ripple’s (XRP) tests $8 or more in 2025.
Ripple wins the case it has with the SEC
The case between Ripple and the SEC is probably the single biggest factor holding XRP back at this point.
If something happens in the next couple of years and Ripple either wins the case, or the SEC withdraws it, even $10 XRP could be a possibility.
That’s because the FOMO such news would see demand outpace supply by a huge margin.
A lot of banks that have been holding off from using Ripplenet would have a change of heart too. It would create a confluence of positive factors that are quite possibly unprecedented in crypto circles.
In such a case, even XRP flippening Ethereum would be in the cards.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
XRP Price Prediction 2026
In the next four years, XRP price could race up to $10. However, reaching this level could not be so difficult for XRP as additional medium and long-term price targets could be found to buy or sell orders. This could indicate that Ripple has a high possibility of reaching new ATH in the next five years as per the Ripple prediction.
Besides the case between Ripple and the SEC, Bitcoin halving will happen in 2024. Historically, Bitcoin (BTC) has always rallied a year after halving. As it rallies, it always uplifts the entire market with it.
If the next halving after the case between the SEC and Ripple is completed and in Ripple’s favour, prices above $10 could be possible in 2026.
Conclusion
Ripple has a bright future ahead of it in 2023 and beyond. Investors could see XRP reach new heights. The bullish XRP price prediction 2023 is $3. It could even reach a new ATH if the traders have decided that XRP is a good investment in 2023 along with mainstream crypto assets like Bitcoin.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
How to Trade Ripple: A Step-by-Step Guide
Pros and Cons of Investing in Ripple, Will It Be a Millionaire Maker?
5 Reasons Why Ripple Could Double Your Money In 2023
Will Ripple Make Me Rich in 10 Years?
FAQs
Can XRP hit $10 soon?
XRP hitting $10 would be premised on the outcome of the case between Ripple and the SEC. If the case is in Ripple’s favour, then $10 would be very much within reach.
Will XRP beat its current All-time high?
If the broader crypto market remains bullish and more institutions adopt XRP, the ATH of $3.84 is attainable within 2023.
Is XRP a good investment in 2023?
XRP is a good investment in 2023. It is up by over 100% in a month and still gaining. The broader market also has the momentum necessary for such gains to become a reality.
What will be the XRP price by 2023?
Ripple’s (XRP) could test $3 within 2023.
What will be the XRP price by 2023?
Ripple’s XRP is expected to hit $4 in 2023.
What will be the XRP price in 2024?
If things go Ripple’s way in its case with the SEC, then XRP could trade at $10 in 2024.
What will be the XRP price in 2025?
If the case with the SEC goes Ripple’s way, then Bitcoin halving hype could push XRP to prices above $10 in 2025.