Ripple Price Prediction in India
Ripple (XRP) is a cryptocurrency that is based on RippleNet, which is a digital payment network. The ledger, which is also known as the XRP Ledger, is a distributed database that is not based on the blockchain. Rather, it is based on a different distributed database mechanism altogether, one that has a unique consensus process. Ripple in its essence does not require traditional mining processes to verify transactions and hence, it is much faster and more efficient than other cryptocurrencies while transferring money between banks internationally.
Ripple and other cryptocurrencies like Bitcoin have insanely dynamic prices that fluctuate heavily during the course of a single day. This makes the price of the Ripple coin and Ripple prediction very difficult to make accurately. Ripple forecast is something that is conducted as a result of several analyses and calculations.
In this blog, we have made intricate analyses of Ripple future and Ripple price prediction in INR for investors who want to bet on the rapid ups and downs of the currency to make money.
- Ripple is a crypto coin that’s made to make international transactions cheaper and faster by using the xCurrent blockchain
- Ripple’s prices fell after it hit its highest high in January 2018. The coin hasn’t broken that high in the last 36 months
- Factors affecting Ripple prices – Regulations, supply and demand, digitalization of the financial system, and whale investors
- Ripple could reach $4-$5 levels in 2025 and continue to grow in the next 10 years
- While the short-term prospects for Ripple don’t look promising, analysts agree that the coin could show significant growth in the long-term
Ripple (XRP) Price History
Ripple first got launched in 2012 and since then, it has seen great highs and lows. It made its all-time highest peak during January 2018 when it hit the $3.8 price point. Since then, it has never come close to that price (as of 16t October 2021). The highest high ever since 2018 was made by Ripple on 12th April 2021 when it hit $1.9. After the sharp fall in Ripple price since 2018, the coin had been gaining pace for a couple of years. However, XRP Ripple has been consolidating for the last month between the range of $1 to $1.4, occasionally dipping below the support and hence, creating a new one at $0.85.
Ever since 2018, Ripple came into scrutiny due to a US SEC lawsuit. It was after this coin got slapped with the lawsuit that its prices began their downward trend. The coin lost more than 93% of its value and hit a new low of $0.26 on September 11, 2018. However, the coin has not recovered very much after then, even though it made a new high some years later in 2021.
The Factors Affecting Ripple’s Price
As of 16th October 2021 (23:27:13), Ripple XRP coins are trading at a price of $1.1, approximately. Since cryptocurrencies are so volatile, there’s no saying how long the coins will be traded at that price. The reason for this volatility is the immaturity of the crypto market relative to others like the stock or the bond market. Because these other markets have been in existence for several decades, investors feel comfortable investing in them. There’s the advantage of historical data as well. Because stocks have been traded for so many years, there’s enough data for consultants to comb through and analyse patterns. These insights reveal valuable information about how companies behave, which makes it easier to predict stock prices.
All of these factors do not weigh into the cryptocurrency market yet. Investors are still confused about the fundamental value of cryptocurrencies in general. There isn’t enough historical data for price comparisons and the emergence of patterns in cryptos either. Hence, the market is still immature without much investment and lots of confusion. Short-term traders in cryptos, therefore, take advantage of this situation and exploit news, tweets by Elon Musk, and international happenings to manipulate prices. They drive demand for certain coins up or down really fast to make a quick buck, contributing heavily to the volatility and dynamics of the market.
The other factors that affect the prices of Ripple XRP coins are:
- Regulations – by governments on the usage and supply of these coins in the mainstream financial markets
- Supply and demand – equations as a result of those regulations
- Whale investors – who hold large enough quantities of the coin that they can manipulate the market on their whims
- Digitalization of the finance sector – and the rate at which cryptocurrencies are being accepted by institutions, governments, and individuals
Ripple Price in 2021
During 2020, the Ripple coin market price was relatively stable with several medium-term bullish and bearish trends in the graph. In early 2020, prices began moving upward until February-March. Although experts are divided on this subject, some say that the prices of Ripple are heavily dependent on the trends of Bitcoin. This means that Bitcoin halvings can also indirectly affect the price of XRP coins. In the last few months of 2020, the XRP value dropped dramatically from $0.50 to $0.30.
By 2021, experts predict that the unsolved SEC case on Ripple will continue to have a stabilising effect on its prices. At the beginning of April 2021, the US courts allowed the company to review the internal documents of the SEC, and that’s when bullish investors responded by taking the coin to a new high in a long time.
For 2021, experts believe that the average XRP price will stay between the $0.82 – $0.85 range. Others also predict that $1.075 is the highest Ripple is expected to go at the end of the year. Others have a much more pessimistic view on the value of Ripple XRP coins, forecasting rates as low as $0.45 by the time the year comes around to a close.
Basis Ripple Price Forecast
As you can see in the picture above, the chart reproduced Ripple’s price history in 2018 and the growth that is exhibited in April of 2021 before coming down to its original levels in May-June 2021. Based on this history, we can technically presume that the projected value of the coin may hold steady at 0.786 Fibonacci of April’s peak, which comes to around $0.50 USD.
Ripple Price Prediction in 2025
Investors say that the price of the coin will reach $3.8 till the time 2025 rolls around. Ripple’s partnerships with banks all over Latin America and Europe are expected to help the coin reach new technological avenues in the future. Moreover, these partnerships will also expand the user base of the coin from the Americas to Europe, increasing the number of holders worldwide.
The highest projected value for Ripple in 2025 is $8, and the lowest is $4.
By this time, it is expected that the adoption rate for this coin would have reached a level where it is more convenient and conducive for users to conduct actual, real-world transactions with it, thereby increasing its usage and driving up prices.
Ripple Price Prediction in 2030
The long term prediction for Ripple prices in the next ten years also seems to be very bright. Experts in Ripple forecast predict that the adoption rate will pick up exponentially by 2030 and it will continue to increase gradually.
The long term price analyses for Ripple differ from analyst to analyst. Smartereum’s feature reported projections that Ripple’s value could go up to $200-$300 in the next 10 years, while technical analysis from WalletInvestor claims that XRP coins will not reach $5 or even break $1 again. They predict that the interest in this coin will decline over time.
However, these are mere projections and only time will tell what happens to Ripple in a 10-year time frame.
Ripple Future Price Prediction
The above graph shows the forecast for Ripple XRP prices in the years to come. Analysts predict that in the long-term, the coin could double in value from $1.5-$2 levels to $4.5-$5 levels. While the outlook for price rises might not look very positive in 2021, future USD predictions are excellent for Ripple.
It is worth noting that Ripple’s projected growth rates are nowhere nearly as high as the same for Bitcoin or Ether. Still, the coin has glowing prospects in the financial sector and has the ability to potentially disrupt the international transactions market with much better technologies.
This growth is warranted by partnerships and developments that Ripple is making with state governments and financial institutions around the world.
Is Ripple Worth Investing In?
Most partnerships for Ripple that are currently being finalised in Latin America and Europe should increase the traction that XRP coins get in the financial markets. Since it is involved directly in exchanging money and making international transactions, there seems to be a lot of potential going forward.
The ramped-up interest in the coin should also drive up prices since more transactions using XRP means less availability for those coins. They get scarcer with use, decreasing supply and raising prices.
SBI Ripple Asia, which is a subsidiary of SBI Holdings, is going to launch a store settlement service in partnership with SBI Holdings and MoneyTap, Ripple’s consumer-oriented payment app. The app is set to use xCurrent, which uses the same blockchain technology solution that Ripple does. The app is set to make domestic remittance transfers simpler between banks, thereby attempting to garner a wider user base.
Hence, investing in Ripple XRP coins seems like a positive move to make for most investors. Since the coin is volatile in the market, many investors are also downward-averaging their prices by buying dips and aggregating the coin. Ripple investment for the long-term seems to be a relatively safe bet, considering the gradual yet firm adoption of cryptocurrencies in general and the requirement for cheaper and faster international payment methods.
Invest in Ripple Coin through CoinSwitch
CoinSwitch is the largest and the best cryptocurrency exchange platform in India. It has the widest user base in India with more than 10 million active users. On CoinSwitch, you can buy Ripple XRP coins for the best prices. We aggregate liquidity from exchanges around the world to make transactions in crypto fast, efficient, and safe for users in India.
That’s not all.
CoinSwitch also allows you to buy and sell cryptocurrencies directly with INR through Net Banking or UPI. We are one of the only crypto exchanges in India to have that feature.
CoinSwitch allows you access to different charts, analytical data, and various order types while buying Ripple XRP coins so that you have a one-stop solution for your crypto purchases. Users can buy Ripple through Limit or Market orders, transfer their coins from their server wallets to a cold one, or sell their coins seamlessly at the best prices.
The platform also allows you to accurately track your coins and their profits or losses in the Portfolio section. Individual P/L data for coins are also made available along with the overall portfolio P/L for hassle-free tracking of your investments.
Frequently Asked Questions
What will Ripple be worth in 2025?
Analysts predict that Ripple XRP coins could show massive growth in the next few years and reach $3.5-$4 levels by 2025.
Will XRP reach $10?
Analysts are highly divided on the issue of the long-term price growth of Ripple. Some predict that it has the potential to reach $5 levels by 2028. Others say that it could reach $200-$300 highs in the next 10 years. Only time will tell for sure.
What will XRP be in 2022?
The growth prospects for Ripple look slim in the short-term but excellent in the long. By the time 2021 ends and 2022 starts, Ripple could start gaining recognition and traction in Latin American and European countries, driving prices through scarcity.
Can XRP reach 10 dollars in 2021?
Analysts predict that the growth prospects for Ripple look relatively slim at the moment. While only time can tell for certain, it is highly unlikely that XRP coins will reach a $10 high in 2021.
Does Ripple (XRP) have a future?
Ripple, with its partnerships and developments around the world, has been attempting to garner a wider user base. By solving the problem of slow and expensive international transactions, it is entering a niche financial market where there are few competitors. From a fundamental point of view, Ripple XRP coins have a very bright future indeed.
Should I invest in Ripple?
While the short-term prospects for Ripple don’t seem promising, investing in Ripple for the long term could be a really good decision.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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