Ripple XRP Price Prediction 2023-2030: Can XRP reach $1000?

XRP Price Live

Article Coverage: XRP Performance, Latest XRP News, XRP Technical Analysis and Video, Is XRP a Good Investment? Can XRP reach $1000? XRP Price Prediction 2023-2030, Factors that Influence XRP Price, FAQs

XRP Price Performance in the Last 12 Months, June 10th

• Last 5 days: -5.7%
• Last 1 month: +11.9%
• Last 6 months: +28.5%
• Last 1 year: +31.4%

XRP Price Chart

Latest XRP News, June 10th

• Charles Hoskinson, the founder of Cardano, appears to be open to reconciling with the XRP community. Following his previous public criticism of the XRP community for engaging in online trolling, Cardano founder Charles Hoskinson seems to have softened his stance and may be willing to mend the relationship. Hoskinson, who had previously blocked several Twitter accounts that he believed were targeting him, has recently unblocked them and expressed a newfound willingness to collaborate with the XRP community.
• Coinbase, a prominent cryptocurrency exchange, is facing a lawsuit filed by the Securities and Exchange Commission (SEC) for alleged violations of securities laws. The SEC’s complaint specifically mentions 13 cryptocurrencies, such as Cardano (ADA), Polygon (MATIC), and Solana (SOL), as examples of digital assets that the commission considers to be securities. Notably, XRP was not mentioned in the SEC’s filing.
• Eleanor Terrett raises questions regarding the SEC’s decision not to classify XRP as a security token in the Binance lawsuit. She suggests three possible reasons
  • The SEC wants to avoid inconsistent decisions
  • XRP is already being litigated and referenced in other lawsuits, an
  • Strategically, if Ripple wins, it weakens the SEC’s case against Binance.

XRP Price Prediction this week is in the range of $0.48 and $0.54

XRP Price Prediction in the Next 6 Hours

XRP Price for the Next few Hours will be in the range of 0.494 and 0.495

XRP Price Prediction: Technical Analysis (June 10th)

XRP has finally broken below $0.50, the buyers have been outnumbered by the sellers and the overall momentum has now reversed to bearish. The net XRP price has fallen below the 50-day MA and it is on the verge of falling below the 200-day Moving Average.

The XRP price failed to break above $0.55 and the sellers got an opportunity to short the asset. The US SEC’s action against the crypto exchanges is now leading to mass sell-off and this has directly impacted the overall crypto market. XRP price has crashed below $0.50. On the above technical chart, the following technical information can be deduced:

• The simple moving average of the XRP coin suggests the overall momentum is bearish.
  • The 50-day MA of the 4-hour timeframe chart is $0.521 and the 200-day MA is $0.472. The net XRP price is below the 50-day MA and retesting the 200-day MA from above.
  • The fact that the XRP price is below the 50-day MA suggests the short-term momentum has turned bearish. Additionally, the price is retesting the 200-day MA from above which means the bearish pressure is increasing for XRP.
• The Relative Strenght Index reading for XRP is 27.53.
  • The RSI fell from being close to the overbought trend and now the RSI has entered the oversold territory.
  • Technically XRP is oversold.
• The reading of the momentum oscillator on the 4-hour timeframe chart is -0.0329.
  • A negative reading suggests that the overall asset is highly bearish.
• The Fear and Greed Indicator confirms the negative market sentiment.
  • On the Fear and Greed indicator chart, the Fear and Greed indicator bars started to increase in the Fear zone.
• The trade recommendation for XRP is a sell.
  • On the MACD chart, the MACD line is below the signal line.
  • The volume histogram bars have increased on the bearish axis.

XRP is technically bearish. Check the Crowdwisdom360 momentum indicators for XRP below. This is updated once during the trading session and once at the end of the session.

XRP Price Prediction Today: Outlook Summary

XRP Price Prediction, Crowd Poll, Buy or Sell, June 9th

Crowd Sentiment towards XRP is high and has marginally fallen over the last 24 hours.

Latest XRP Video, June 9th

XRP Price Prediction 2023: Is XRP a Good Investment?

XRP is one of the largest cryptocurrencies in the world with a market cap of $21 Billion. It is the native token of the Ripple blockchain which was launched in the year 2012. Ripple is focused on financial services and serves as a payment protocol that fuels financial transactions worldwide. Unlike Bitcoin and Ethereum, Ripple is more centralized as it is a more privately-owned network (Unique Node List), unlike Bitcoin or Ethereum which allows the validators to take control of the transactions.

The XRP Ledger on which XRP is used has excellent Use cases and is quite competitive. The company Ripple has also created an architecture that creates a demand for the use of XRP on the XRP Ledger. However, it is not easy to access statistics on the demand for the Token XRP. We don’t mean from the perspective of trading on a cryptocurrency exchange but from the perspective of the requirement for XRP on the XRP Ledger. The greater the demand for XRP on the XRP Ledger, the more likely that the price will rise higher. However, we do have access to blockchain transaction data. This gives us an indication of the demand for XRP

• The Number of Blockchain transactions has remained in the Median range of 1 Million
• There have been exceptions when the transactions rose to above 2 million or fell below 1 Million
• The number of Transactions rose from early September but has been trending lower since November 9th

XRP is also ‘burnt’ during a transaction

XRP has an excellent use case, is quite differentiated, and has an early mover advantage which makes it excellent crypto to invest in at any point in time. XRP Token is probably being mostly used as a reserve XRP can also be used for cross-border transactions but one can carry out such transactions without using XRP directly (Beyond Reserve and Transaction cost)

A few risks

1. While Ripple has a fantastic use case, it is not mandatory for banks and financial institutions to use XRP to carry out transactions on the Ripple blockchain.
2. Secondly, uncertainties around the SEC case make the token’s performance highly unpredictable. The case is likely nearing its end this year.

Price Performance

After struggling in the initial few years, the year 2017-2018 turned out to be the best years for XRP and during this time frame, XRP was the second most capitalized cryptocurrency just after Bitcoin. The all-time high price of XRP was 5 years again on January 4, 2018. XRP was valued at $3.84 back. However, after the US SEC accused Ripple the developers of XRP of selling XRP in unregistered securities to investors, the price crashed and there was a mass sell-off.

XRP rose 111% in the last 5 years. Ethereum rose 335% while Bitcoin rose 341%. However, this year, XRP fell 44% while Ethereum fell 57% and Bitcoin fell 56%.

Here is how XRP has performed over the last few years

• 2013:$0.028
• 2014:$0.024
• 2015:$0.0062
• 2016:$0.0064
• 2017:$2.1
• 2018:$0.371
• 2019:$0.19
• 2020:$0.21
• 2021:$0.85
• 2022:$0.33

In 9 years since launch, 4 have been positive and 5 negative.

Will banks use XRP?

XRP is one of the established cryptocurrencies in the market. Ripple is already driving the payment systems for many banks now, including Bank of America (BofA), PNC Bank USA, and Santander Bank.

XRP holds a very strong position in the industry and has many use cases too. Ripple’s scalability, low transaction cost, high uptime, high speed, and low power consumption make it an ideal cryptocurrency to use by Banks for various purposes.

XRP can be used to make cross-border payments, liquidity management, etc. So, will banks use XRP? Certainly yes. Few banks already make use of XRP and keeping in mind its use cases, more banks can indeed do the same in the future.

Ripple vs SEC Latest Comments

Edoardo Farina, CEO of Alpha Lions Academy and Head of Social Adoption at XRP Healthcare, advises against selling XRP before the lawsuit’s conclusion. Predictions for XRP’s value range from $3 by the end of 2023 to over $27 by the end of the year. The highly anticipated Summary Judgment in the Ripple-SEC case is expected to occur this year, according to Ripple CEO Brad Garlinghouse and attorney John Deaton.

Crypto influencer Ben Armstrong, also known as BitBoy, has expressed bullish sentiments about XRP in a YouTube video. BitBoy believes a settlement would be preferable for Ripple to avoid further appeals from the SEC. If the win comes through a settlement, XRP’s chances of soaring would increase, making it a unique asset with a “non-security” status after a lengthy trial.

XRP Price Prediction: Will XRP Go Up?

As per a PWC Report,

• Global cashless payment volumes are set to increase by more than 80% from 2020 to 2025, from about 1tn transactions to almost 1.9tn, and to almost triple by 2030.
• Asia-Pacific will grow fastest, with cashless transaction volume growing by 109% until 2025 and then by 76% percent from 2025 to 2030.
• Africa will see a 78% rise by 2025 and thereafter an increase of 64% from 2025-2030.
• In Europe, the payment process will rise by 64% by 2025 and 39% after that.
• Europe and Canada will see less growth. By 2025, cashless payment in Latin America may rise by 52% and thereafter until 2030 by 48%.
• By 2030, it is expected that payment solutions based on cryptocurrency and digital wallets will emerge. Instant low-cost payment solutions will be the first preference worldwide.
• Ripple which is positioning itself as the global player providing a seamless payment solution may play a major role in the coming future. Ripple has been partnering with major banks around the world to provide the benefits of its payment solution.

Therefore, the future of Ripple and XRP looks highly motivating considering the way the world is moving towards adopting the faster and seamless payment solution. Investing in XRP may be a good long-term investment option.

Can XRP reach 1000?

Will XRP reach 1000? A Simulation

If XRP were to rise at an annual rate of 25%, XRP would reach $1000 by 2057.

XRP could reach 1000 by 2034 if it were to DOUBLE in price every year.

Both scenarios look unrealistic and far-fetched. Therefore, we don’t think it is feasible to predict if XRP can reach 1000. But we do believe that XRP can reach $10 or even $100

XRP will never reach $1000 unless there is an extensive burn program. XRP is unlikely to reach these levels because remittance is an extremely competitive and regulated market and while Ripple offers a competitive service, it is likely to be copied by LARGE competitors fairly quickly once regulations are clear. Further, Ripple could perform well without the XRP token performing equally well. Lastly, If the price of the XRP token keeps rising, remittances on Ripple will become too costly and unsustainable.

Could Ripple reach $10000?

XRP Price Prediction 2023

XRP’s price is directly dependent on the ongoing lawsuit against its parent company Ripple. If the lawsuit between XRP and Ripple is not settled we may see XRP trading below $1 even in 2023.

XRP Price Prediction 2023 is $0.801

XRP Price Prediction 2025

XRP Price Prediction 2025 is likely to rise 2.5 times higher from now

• Improved Macroeconomic environment
• Increased usage of the Ripple blockchain
• Resolution of the SEC lawsuit
• More B2C Use Cases.

XRP Price Prediction 2025 is $1.8

XRP Price Prediction 2030: What Will be the Worth of 1 XRP In 2030?

Taking multiple platforms into consideration,

XRP Price Prediction 2030 is $7.5

Factors that Can Influence the Price of XRP

• Acceptance of Ripple As a Key Mode of Payment Protocol: Ripple Lab the developers of XRP have been working to be recognized as a key payment protocol that can enhance international money transfers. Many crypto experts are of the opinion that Ripple in the coming future could revolutionize the transaction process worldwide. If so happens, the price of XRP the native of Ripple could skyrocket.
• Government Regulations: Government Regulations around the world have been a key factor influencing the price of cryptos. If the regulations are tightened, the price dips and if there is some favorable decision, the price skyrockets. Their Government regulations will be one factor that could influence the price of XRP.
• Ripple vs SEC Lawsuit: The Ripple vs SEC Lawsuit is one factor that has been an obstacle to the rise of XRP. Since 2018 when the Securities and Exchange Commission accused Ripple of selling XRP in unregistered security offerings to investors in the U.S. and worldwide, XRP has been crashing and there has been decreasing in investor interest in XRP. If the lawsuit ends, the XRP price may skyrocket again as it did in 2017-2018.
  • Facts: If the Judge rules against Ripple, the XRP price is certainly likely to crash and perhaps never recover again. However, if the Judge rules in favor of Ripple, a massive pump is inevitable. As much as 2x in a matter of days.
  • So What do we know about the Ripple vs SEC Case? Since December 2020, that is when SEC filed a lawsuit against Ripple, SEC and Ripple have been in a legal confrontation but in the last few days, Ripple has decided to fight back and the latest rumors suggest that SEC may look to settle the case and avoid losing the case in court. The reason behind this is that if SEC loses, it will limit the SEC’s authority to regulate cryptocurrencies in the U.S.The reason behind SEC’s willingness to settle the case is the William Hinman emails which are now in the hands of Ripple and it gives Ripple an advantage over SEC. As per the rumor, SEC will try to keep these materials under wraps, and may not go to the trial but instead settle the case.
  • XRP vs SEC: Can a settlement be expected? Ripple and SEC case is ongoing for a while and is soon reaching their end, as per the reports. As we know the SEC has argued XRP to be a security and if SEC wins, there will be a huge loss to Ripple and XRP holders. However, reports say that SEC and Ripple can agree to a settlement where Ripple could agree to a few conditions for XRP to be classified as a commodity. It means we can expect a compromise solution from both parties.
  • Will XRP win the case? As per the predictions by the top US Attorney, there is a 50% chance that XRP can win the case. Note that both parties have submitted their final documents and now the case is to be closed soon.
  • XRP Prediction After Lawsuit Win XRP Price Prediction after the Lawsuit cannot be determined but it is expected that the price of XRP could surge explosively considering the growth of the Ripple network. There has been a growing acceptance of the Ripple Payment Solution and once the case is resolved we may witness a sharp rise in the price of XRP.
• Drop in Inflation: Inflation may fall below 6% in the next 3 months, will that pump XRP?

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Can XRP reach $10?

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Also Read: Bitcoin Price Prediction

XRP Price Prediction: How to Buy XRP?

Here are a few steps to buy XRP:

Choose a Crypto Exchange

Choosing an XRP exchange is quite tough as most of the exchanges have deleted XRP after the lawsuit.

Create your account with the Crypto Exchange

Once you have decided on the exchange, you will have to create an account that will require your personal details along with banking information. In most cases, you’ll deposit money from a bank account, like your personal checking or savings account. You can also generally complete wire transfers, use a debit card or deposit money from PayPal.

Fund Your Wallet

Once you have created your account, the next step will be to fund your wallet.

Buy XRP:

Once you have funded your wallet, you can now use the wallet amount to buy XRP.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.