XRP coin’s value has been quite volatile lately. A massive spike in December 2017 brought the price of XRP to 1257%. Many analysts believed the XRP price would continue to climb, but a sharp decline occurred after the XRP reached the $3.3 level.
The most likely scenario for XRP prices is that it will remain in a narrow band above and below the Bollinger Bands. XRP might continue to climb above $2 but will likely trade around $1 at the end. However, a Ripple-SEC lawsuit might not be settled until 2022. Depending on how the case progresses, the XRP price may stay the same or even climb higher. If the Ripple-SEC lawsuit doesn’t close until 2022, then it might continue to act like it did in 2020 and early 2021. However, if more attention is given to the case, then XRP could fall to a much lower value than expected. You must research on the XRP price to trade and win the trade frequently.
Another XRP price prediction suggests that the cryptocurrency could hit the $1.22 mark. Although analysts are unsure about the future of XRP, the past five years have shown that the coin has experienced a wild ride and fluctuated significantly. Experts are also predicting that XRP will eventually reach the $1.22 mark, but this prediction is not yet final. In 2025, XRP could reach a minimum of $0.47 and rise to $1.76.
The Ripple network is rapidly gaining recognition around the world. Many banks in Europe and Latin America may begin to use Ripple’s network to facilitate cross-border payments. Moreover, Ripple’s system already helps Santander facilitate cross-border payments. This adds to the credibility of XRP. It is important to note that the majority of retail investor accounts in CFD trading with this provider will lose money.
Despite the recent volatility, the XRP price prediction for the next three years looks bullish. The Ripple network will help bridge the gap between traditional fiat currencies and cryptocurrencies. Most banks use the SWIFT network, which takes up to 24 hours to transfer money. This will make XRP the fourth-largest cryptocurrency worldwide by 2025.
XRP is currently on a bullish streak. After a recent 43% rise, the XRP price is poised to reach $175. However, if the broader crypto market isn’t so good, the XRP price could plummet to $0.952.
Ripple is currently involved in a lawsuit with the Securities and Exchange Commission, which has hindered the price surge. It is still unclear if the company will prevail in this case, and whether the lawsuit will affect the price of XRP. If it does, it could also hurt other cryptocurrencies, including Bitcoin. The company hopes to keep the SEC’s lawsuit from hurting its business. If a settlement is reached, Ripple could see its price skyrocket to $20 per coin.
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