Price Speculation

Ripple is among the most popular cryptocurrencies, with CoinMarketCap ranking it number 3 thanks to a current market cap of $20 billion USD. Ripple (XRP) is a popular choice for those looking to buy cryptocurrency since it is practical as well as affordable. The cryptocurrency works with the Ripple network to facilitate international transactions, and it is specifically designed to help financial entities and people send or receive money across borders.

As such, the real-world applications of Ripple are easy to spot, encouraging its adopting and investment in the cryptocurrency. At the same time, the current price of XRP is just $0.499 USD or 0.00007797 BTC. Between these factors and its high market cap giving it more visibility, it is no wonder that those around the world want to take a closer look at predictions for Ripple.

Key Prices in XRP’s History

Before looking at the predictions for Ripple’s future price, take a moment to briefly look back on some high points in the cryptocurrency’s history. When XRP first began trading in 2013, it was less than $0.01 USD, closer to $0.005. The high for XRP occurred fairly recently, on Jan. 4, 2018. At this point, it hit $3.65. As mentioned earlier, the current price at the time of writing is $0.499. This means that while XRP’s price is much higher than it was at launch, it is currently only at a fraction of its all-time high. That shows a potential for profit and greater interest in expert price predictions.

How High Can Ripple Go?

Every cryptocurrency authority online tends to have its own prediction for the future of Ripple’s price, but you must take everything you read with a grain of salt. Remember that there is no way to know for sure what XRP will do in the future until we invent a time machine. Instead, the most you can do at the moment is compare the various expert predictions to look for commonalities. Remember that investing in any cryptocurrency is risky, so you should only invest as much as you can afford to lose.

It is also important to remember that to some extent, predictions will always change. As more news comes out, either specific to Ripple or related to cryptocurrency in general, experts have more information at their disposal and may adjust their predictions. With that in mind, take a look at some of the best-thought-out expert predictions on the Ripple price.

Economy Forecast Agency Prediction

The Economy Forecast Agency offers detailed predictions for every major cryptocurrency, making them a good place to start when trying to predict XRP. According to the Economy Forecast Agency, the price of XRP at writing is $0.4996. The agency predicts that the high for XRP in the rest of this year will be $0.63 in December. From there, the predictions drop, with the high for 2019 reaching $0.62 in February and falling to $0.33 by December. The Economy Forecast Agency predicts Ripple’s highs in 2020 will be between $0.30 and $0.50, the latter of which it will reach in December. Predictions of highs for 2021 range from $0.55 in April to $1.01 in December. For 2022, the high predictions from this agency are as low as $1.02 in November and as high as $1.31 in September. One nice thing about XRP price predictions from the Economy Forecast Agency is the level of detail as the website displays month-by-month charts with predicted opens, lows, highs, closes, and percentages.

Ripple Coin News Prediction

Ripple Coin News is another useful source of XRP predictions, particularly considering that this website focuses its attention Ripple, allowing it to truly act as an expert. This website feels that Ripple will have a good year and that with the new technologies and partnerships that Ripple hopes to achieve, it is possible for the price to reach $8 to $10 USD. Remember that the current all-time high of Ripple is less than half of that, about $3.65.

Smartereum Prediction

While many other price predictions for Ripple focus on the short term, Smartereum looks to the long term. This website feels that Ripple will experience an increase in value in the near future and we may be leaving the time frame in which we can buy it for a low price. Smartereum points to the quality of Ripple’s platform as well as the way that more banks and financial institutions have begun using Ripple. Smartereum does point to the predictions that Ripple could reach $10 by the end of the year without dismissing them but does not provide support either.

However, the platform does point out the idea from multiple sources that Ripple has the potential to reach a price of $200 to $300 in the long term, such as in 10 years. It predicts that it is not unreasonable for Ripple to reach $100 if it becomes an industry standard for international transfers. However, Smartereum does caution investors to watch out for readjustments following rises in prices. The platform also points out that it is not a given that a price rise like that from late 2017 will occur again this year.

ValueWalk Prediction

The crypto research service ValueWalk takes the middle ground when it comes to Ripple price predictions. This authority feels that if Ripple truly partners with a banking group and continues its expansion, it could reach that $10 mark this year or in the near future. Yet if Ripple does not successfully create more partnerships, ValueWalk feels that Ripple has the potential to experience a significant drop in value, all the way down to $0.50.

InvestingPR

InvestingPR takes a measured approach to its predictions, offering predictions based on various situations, many of which overlap with the predictions from other sources. These experts feel that it is possible for Ripple to reach $10, although it is more likely to hit $5. If Ripple does become the standard payment processor, InvestingPR feels that it will reach $20, which is far more conservative than Smartereum’s $100 prediction.

The bottom line is that there is no way to accurately predict the price of Ripple or any other cryptocurrency. You must compare the various expert predictions and come to your own conclusion, as well as consider how much personal financial risk you can afford.