Ripple Is Poised for Takeoff: Analysts Predict A 3000% Upward Move

Love it or hate it, Ripple (XRP) is now considered the cryptocurrency market’s most prominent player thanks to its ability to be swapped for any currency or precious items (e.g., gold) almost for free. It’s not a direct rival to cryptocurrencies but rather an updated version of the SWIFT system. With a market cap of $26.84B, Ripple is ranked 6th on CoinMarketCap; it gets its value from its potential to work with institutions like Santander Bank. Like any other cryptocurrency, it can be volatile, so Ripple prediction is difficult, especially if it’s about the future. What we know for sure is that market forces impact the value of the token.   

The cryptocurrency market is down these days because of escalating geopolitical tensions and conflicts, to say nothing of rising consumer prices. Bitcoin and Ethereum prices fell today (April 16, 2024), influencing the industry at large into a bearish outlook. But there’s some good news on the horizon: Ripple’s next move could be between 1000% and 3000%. XRP is currently trading at around $0.487608. In case you didn’t know, a portion of the coins has already been mined and distributed before the project’s launch, so there are only 49.88 tokens in circulation. 

Ripple Launched Its Native Token In 2013 But Saw Little Price Action Before 2017 

The XRP ledger launched in June 2012, and shortly after, the founders gifted 80 billion tokens. Ripple Labs listed the coin on cryptocurrency exchanges for $0.014 – it had little to no demand for almost two years. After American Express and Santander Bank announced they would use Ripple to support certain types of cross-border transactions, its value increased by a great deal. Ripple reached an all-time high of $3,84$ in January 2018, rising by 360% and outpacing all its altcoin peers. The jubilation was short-lived, though, because the token sank in a matter of months, trading at roughly $0.43.

XRP prices surged in 2021 but went down as 2022 unfolded. Starting with April 15, 2024, one token is worth $0.50, and better days could be on the horizon if you’re interested in buying and holding Ripple. If you look closely at price history, you’ll see the altcoin’s value doesn’t vary much over long periods, but that doesn’t mean it can’t experience sharp price rises and declines. Ripple is most active in Southeast Asia, one of the fastest-growing regions for FinTech innovation and adoption, with price fluctuations driven by news on the topic. In 2019, the XRP value grew after Japan and South Korea began testing ways to reduce the time and costs of transferring international funds.  

The Question Is, How High Can Ripple Really Go? Let’s See Then 

Egrag Crypto, an influential cryptocurrency analyst, recently tweeted about the closing of the XRP Q1 candle, encouraging enthusiasts to stay firm and secure profits if necessary. According to the analyst’s price prediction, the token should reach $10 or $22. The forecast is based on the idea that XRP will experience a price move akin to what it experienced in the past, but past performance isn’t a guarantee of future results. Even if several commentators weren’t convinced, Egrag Crypto remains unfazed. Mikybull Crypto, another top cryptocurrency analyst, believes Ripple stands a high chance for a bullish trend and anticipates the XRP price to be between $1 and $6. 

It’s difficult, if not impossible, to foresee how Ripple will perform, but it’s possible to hypothesize some trends. Unlike Ethereum, whose price changes are linked to the world of DeFi, Ripple looks mostly at streamlining cross-border payments. Many people are worried about the SEC vs. Ripple lawsuit, which can send shockwaves through the cryptocurrency sector, affecting blockchain projects that operate with little regulatory oversight. The lack of updates leads investors in the lurch, and the SEC plans to appeal. Based on XRP price levels, the cryptocurrency market is confident that Ripple will avoid a punitive penalty. 

Let’s not forget that Ripple behaves differently than other cryptocurrencies. For starters, XRP can’t be mined because it operates on the Ripple Protocol Consensus Algorithm, which makes it so fast and cheap. You can earn rewards by participating in the blockchain, though. Getting back on topic, Ripple has a finite supply, so it can’t be inflated; this characteristic makes it easy to transact safely, store value, and even speculate. Most likely, the XRP value will remain stable for some time to come. It’s best to avoid sensationalist views provided by overzealous cryptocurrency analysts. They’re never in doubt, but most often, they’re wrong. 

Ripple Is a Solid Buy, But Don’t Expect Results Right Away 

Currently trading at a super-low price, Ripple is a good investment, but don’t expect surging prices anytime soon, no matter what others say. Investing in cryptocurrencies, whether XRP or any other one, isn’t a decision you should take lightly because inherent risks are involved. Differences in opinion are what make the market, but don’t buy into the hype and start seeing the reality – in other words, do your homework. Any decision should be made with a clear understanding of your risk tolerance and financial goals so you can plan your portfolio to endure given volatility. 

All in all, Ripple isn’t the right cryptocurrency for people who are impatient when it comes to the returns from the market, meaning it’s more suited for buyers who understand the XRP price will fluctuate in the short and long term. Investing and running a marathon is almost identical: both call for discipline, focus, and a long-term strategy. Sprinting can offer some advantages, but it’s likely to work against you in the end. Keep a close eye on the developments surrounding Ripple and make informed decisions based on the continuous and changing nature of the field. 

Ripple could reshape the global financial system, undeterred by concerns regarding centralization, coin distribution, and regulatory uncertainty. It’s generally expected that XRP will be worth more than it is now, and the price prediction depends on who you ask to be fair. Why not invest? At least try.