Ripple (XRP) Price Prediction 2024-2030: Will XRP Price Hit $1 Soon? (2024)

• XRP’s price might reach $0.76 before the end of 2024.
• By 2026, our price prediction model suggested a decrease to $0.76.
• The price of the token is expected to show bullish momentum in 2030, leaving the prediction at $2.50.

Not many projects developed as far back as 2012 have remained alive to this day. But for XRP, that has not been the case. In fact, the project has stayed as a top 10 token even though its price action has been underwhelming.

Besides these, XRP has some challenges including issues with the regulator. Despite all of these, Coin Edition looks at the price prediction of the token from 2024 to 2030 in this article.

Ripple (XRP) Real Time Market Status

What is Ripple (XRP)?

Ripple is a blockchain payment firm responsible for the creation of the XRP token. However, there are two major parts of the Ripple ecosystem. One is the XRP Ledger (XRPL), and the other is RippleX.

RippleX is the development arm of the project which helps with maintaining the network and deploying upgrades. XRPL is the open-source, permissionless, decentralized technology of the ecosystem.

With the XRPL, users do not need the Proof-of-Work or Proof-of-Stake consensus. Instead, they depend on the independent servers on the ledger to make successful transactions and have them confirmed in 3 to 5 seconds. This is one of the reasons Ripple has become a leader in cross-border payments. However, the transaction fee on the network is also cheaper at $0.0002, and the ledger can process up to 1,500 transactions per second.

Besides transactions, the XRPL also helps with the development of applications. These applications can range from payment and remittance platforms to stablecoins, and Decentralized Finance (DeFi) contracts.

In addition, it is important to note that Ripple, as a company, has been engaged in a lawsuit with the U.S. SEC since 2020. This court case has limited the project’s growth and hindered the traction XRP, its native token gets. In the next section, we will discuss about XRP.

Ripple (XRP) Market Status

XRP’s price at press time, was $0.52. This was a 1.33% increase in the last 24 hours. However, the trading volume was slightly over $1 billion (a 40% decrease within the last day). The decrease in volume was a sign of waning interest in XRP.

For its market cap, Ripple is ranked 7th. As of this writing, XRP’s market cap was $28.68 billion. Its maximum supply is 100 billion tokens, with 99.98 billion in circulation. To buy XRP, head to centralized exchanges like Binance, Bitstamp, Coinbase, and much more.

Ripple (XRP) Price Analysis

XRP’s price is something that has piqued the interest of many traders. While the token has been underperforming lately, that does not mean it will continue to go down. Hence, Coin Edition looks at the token’s potential in this article segment.

Ripple (XRP) Price Analysis – Bollinger Bands

For some time, the Bollinger Bands (BB) on the 4-hour chart have been contracting. This implied that volatility around the token has been decreasing. With decreasing volatility, it might be challenging for XRP to swing to extremely high or low levels.

A further look at the BB showed that the bands did not touch the token at $0.50 As such, XRP was neither oversold nor overbought. In the meantime, XRP might keep changing hands between $0.50 and $0.53.

Ripple (XRP) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) measures momentum. As of this writing, the RSI on the 4-hour chart was above the 50.00 midpoint, indicating that buyers were more in control than sellers.

If the indicator maintains the movement, then XRP might trade between $0.52 and $0.54. On the other hand, if the reading falls, the momentum might become bearish, and the XRP’s price might slide.

Ripple (XRP) Price Analysis – Moving Average Convergence Divergence

As of this writing, the Moving Average Convergence Divergence (MACD) was positive. This indicates a bullish momentum just like the RSI showed.

However, the 12 EMA (blue) and 26 EMA (orange) were almost at the same spot, suggesting that sellers were on buyers’ heels for control. Should the 26 EMA flip the 12 EMA, then XRP’s price might retrace. If not, the value could rise toward $0.55.

Ripple (XRP) Price Prediction 2024

On the daily timeframe, the On Balance Volume (OBV) increased. This implied that XRP enjoyed some sort of buying pressure. Should bulls sustain this pressure, the price of the token might climb.

Furthermore, the Fibonacci retracement supported an increase. For instance, the 0.236 Fib level was at $0.53, indicating a possible support level for XRP. If this is the case, the price might rise higher, and by the end of 2024, it could trade at $0.76.

Ripple (XRP) Price Prediction – Resistance and Support Levels

An examination of the XRP/USD 4-hour chart showed an underlying support at $0.47. With this support, the price of XRP was able to rise before facing another resistance at $0.51. A breakdown of this resistance could cause XRP’s price to tumble.

However, this might not be the case as the token seemed in a solid support area. To the upside, another hurdle appeared at $0.55. This is a crucial point for the token. If bulls clear this path, XRP might jump to $0.60.

Ripple (XRP) Price Prediction 2025

The price of XRP might increase to $0.98 in 2025. This potential increase could be fueled by an anticipated altcoin rally. Also, it is expected that the Ripple vs. SEC lawsuit could be concluded by that period. Should this be the case, the price might get close to $1 but it might not hit the landmark.

Ripple (XRP) Price Prediction 2026

By 2026, XRP’s price might decrease. One of the reasons could be because of its high supply level. Besides that, demand for the token might not high as other cryptocurrencies. Hence, the value could be $0.79.

Ripple (XRP) Price Prediction 2027

By 2027, the price of XPR is expected to surpass $1. This is because Ripple might have shipped new features concerning the XRPL and its stablecoin development. If this is the case, the use of XRP might increase, leaving the price prediction at $1.18.

Ripple (XRP) Price Prediction 2028

XRP’s price might continue to increase in 2028. But it might not hit or surpass its ATH. However, the community commonly known as the XRP Army might have surged. As such, the price could be $1.86.

Ripple (XRP) Price Prediction 2029

XRP’s price might decrease from its hike in 2029. This is because market participants might take some profits off the projected increases. Therefore, the price could hit $1.62.

Ripple (XRP) Price Prediction 2030

In 2030, the price of XRP might leave the $1 region. By this period, the market cap of the tokens is projected to rise incredibly. Hence, the price prediction could be $2.50.

Ripple (XRP) Price Prediction 2040

Should demand levels for XRP increase in 2040, the price of the token might rally to $3.32 in 2040. However, the average price could be low at $2.94.

Ripple (XRP) Price Prediction 2050

By 2050, the price of XRP might surpass its current ATH. With this projection, the value of the cryptocurrency could change hands at $5.50 by the end of the said year.

Conclusion

Finally, it is important to note that XRP has some challenges that have been stopping its price from making a big move. For example, if Ripple pays a fine to the U.S. SEC, the price of XRP might plunge.

But if the company comes out top, XRP might jump. However, there are other aspects to look at like development and upgrades on the XRPL as this could also affect the price going forward. Hence, it would be great to be on the lookout for these developments.

FAQs

Disclaimer:The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.