Ripple is working on a technology for fast financial payments and transfers around the world. In 2012, the Ripple protocol was launched, which actually supports direct payments between clients. Unlike many other cryptocurrency projects, Ripple does not intend to compete with traditional financial systems.
The main goal of the project is to provide large financial institutions with tools to improve their efficiency. In 2014, the project attracted the attention of influential financial institutions, in particular, many banks and payment systems.
To work with the services of the protocol, a native Ripple token (XRP) was created. A total of 100 billion coins have been issued and almost 50 billion of them are in circulation. Many crypto enthusiasts consider the coin to be too centralized, and if this moment also worries you, it makes sense to look for another asset. Moreover, buy EGLD, BTC or any other crypto is not difficult at all
XRP price history
An analysis of historical data on the price dynamics of XRP shows that the coin usually follows larger market trends. Since the launch, the price of the coin has been relatively stable for quite some time. The bull rally at the beginning of 2018 didn’t spare Ripple either. The price rose to a historic high of $3.84, but not for long. Soon after this, the coin fell in price greatly.
In mid-April 2021, against the backdrop of a general increase, XRP jumped to $1.96 and reached a local maximum, but again not for long. In May, it began to fall to a low at just above $0.51 in the last decade of July 2021.
The second wind of the market opened by the beginning of autumn. The price of Ripple rose along with the market in early September reached $1.41 but then dropped to $0.84 within a month. Before the end of the year, XRP broke the dollar barrier twice more, but did not gain a foothold on what had been achieved. During 2022, against the backdrop of a general market decline, the value of the coin fell by almost 60%. At the time of writing, the price is moving in a tight range of $0.35-$0.50 per token with short-term breakouts higher and lower.
Where to buy Ripple?
The coin has been functioning for a long time and is quite widely represented on cryptocurrency exchanges. It is available for purchase with fiat money and cryptocurrencies. The maximum choice of trading pairs with XRP is offered by the Binance exchange, KuCoin, Kraken, Gate.io are somewhat inferior to it.
For an anonymous purchase of coins, it is more convenient to use fast exchange services, for example, LetsExchange, where rarer trading pairs are also available, including crypto-fiat ones. Without leaving the platform, you can buy APE3L with TND or any other coin out of almost 2000 available. With the help of these services, you can also sell coins at a favorable rate.
XRP Price Prediction 2022-2030
According to Wallet Investor’s long-term Ripple forecast, the average coin price in 2022 should have been around $0.70. Experts believe that in 2023 the value of XRP will drop to $0.6059, and in 2025 it will rise to $0.883. XRP could hit $1,159 by 2027, the resource predicts.
The XRP forecast from DigitalCoinPrice is closer to current realities. The average token price in 2022 was expected to be around $0.58. The service expects moderate growth in 2023 to $0.86. In the longer term, DigitalCoinPrice sees the potential for XRP to rise to $1.35 by 2025 and $2.73 by 2030.
Gov Capital’s forecast for the current year turned out to be the most accurate. The Ripple rate reached the predicted value of about $0.37 and stabilized sideways. According to the service’s estimates, by the fall of 2023, an increase to $0.713 is possible, in 2025 – up to $2.196, and in the fall of 2027 a new record of $5.097 is possible.
Although many experts are optimistic, it is worth considering the unpredictability of the cryptocurrency market. Before making investment decisions, do your own research and don’t invest more in crypto than you’re willing to lose.
