Ripple XRP Price Prediction: A Beginner-to-Expert Guide!
These days, the interest in investing in cryptocurrencies is on the rise. XRP has gained immense popularity due to its high price rise in the last few months. That’s why people keep looking for this cryptocurrency with the hope of making profits on every crypto investment platform.
So, if you are a newbie who is planning to invest in it, only knowing the Ripple XRP price prediction will not enable you to make a wise investment. You should know about the various factors that affect its price. Aside from that, knowing its previous prices, a reliable crypto trading platform, how to buy it, and investment tips are very important. That’s why all these points have been included here.
However, before you go further, get a confusion-free idea of what XRP is and how it is related to Ripple first.
Introduction to Ripple (XRP)
You must have heard of XRP with Ripple many times. Have you ever wondered what they both are and the connection between them? To know it, just read the points.
What is Ripple and XRP?
Ripple is a cryptocurrency as well as a digital payment protocol. It fulfills the purpose of fast and low-cost international money transfers.
The main goal of this cryptocurrency is to ease seamless cross-border transactions for financial organizations, which sets it apart from other cryptocurrencies. Now, let’s move ahead and learn about XRP.
XRP is a native digital asset of Ripple working as a bridge currency. People use it to transfer value between different fiat currencies.
The Difference between Ripple as a Company and XRP as a Cryptocurrency:
Many people consider XRP and Ripple the same thing, but they are different from each other. Ripple is a company, which created the XRP Token and ledger.
This business organization licenses and creates payment services for financial companies. These services are almost dependent on XRP and the XRP Ledger.
In simple words, Ripple offers technology for payment services. On the other hand, XRP, as a digital asset, helps some of these services.
Current Ripple (XRP) Market Performance
After understanding clearly what XRP is and how it is related to Ripple, learn about the recent Ripple (XRP) performance. You have a list of the last one-month price record of XRP in USD.
Latest XRP Price Trends and Key Metrics:
• XRP’s price has witnessed huge volatility over the years. The price between June to November (2024) rose nearly 3.8 times. It shows a strong bullish trend.
• Historically, it also has had huge growth in particular windows. For example, it experienced growth between 2020 and 2021, during the Covid period.
• Generally, the price stabilizes due to a correction period that usually comes after major peaks. One can see this pattern after the 2018 peak.
• If Donald Trump considers more favorable cryptocurrency regulations, the XRP price will increase.
• Some economic policies may also influence cryptocurrencies. For example, if policies are made for the reduction of traditional banking power, cryptocurrencies like XRP may benefit from it.
Market sentiment and recent news influencing Ripple:
In terms of market sentiment, various factors affect Ripple. They are news, technical indicators, regulatory developments, and economic conditions. Positive sentiment for Ripple brings about a boost in prices. On the other hand, negative sentiment culminates in lower prices.
Factors Influencing XRP Price
You have a list of the factors that are playing a key role in boosting the demand for XRP. Reading them and understanding them will help you make a wise investment in a cryptocurrency trading platform.
Adoption in financial systems:
Ripple left no stone unturned in presenting XRP as a tool for financial institutions influentially. That’s why the XRP Ledger (XRPL) usage has witnessed a rise due to faster and cheaper cross-border payments. Due to this, banks and payment providers are adopting XRP with open arms.
Legal battles (e.g., SEC lawsuit):
Since 2020, a legal battle has been going on between Ripple and the US Securities and Exchange Commission (SEC). The battle came to an end in August 2024 by bringing a major win to Ripple. Due to this victory, the confidence of investors increased in XRP.
Market Demand and Trading Volume:
All is going well in the cryptocurrency market. Bitcoin has stabilized at nearly $97,000. As a result, the positive attitude towards altcoins like XRP is growing. Investors see Ripple as a good opportunity.
The price of XRP increased by 364% in November 2024. It helped XRP attain a position as the 3rd largest cryptocurrency.
Expert Opinions on Ripple’s Future
Before you buy shares online, knowing experts’ projections will help you move in the right direction. It’s because these professionals take into account all the factors that can affect the price based on past trends and future needs.
Analyst predictions for XRP in 2024 and beyond:
Mixed opinions have come from experts regarding the future of XRP. Some of them think that XRP may make a giant step towards all-time highs in the next bull run. Whereas, others are suspicious owing to the SEC appeal and market volatility.
Analysts believe that XRP will be above $2 in the coming short period (2024 to 2025). It can happen if the SEC case has a positive solution. As far as the long term (2025 and beyond) is concerned, if institutions keep adopting it, XRP may reach $5 or more.
Why experts believe XRP could reach $2:
It’s because South Korean exchanges have become a central point to trade XRP. Thus, it has brought about positive implications for XRP’s trading volumes. In addition, the victory in the legal battle with the SEC has contributed positively to the trading activity.
Comparison with Other Cryptocurrencies
When you invest in stocks online, you should compare your cryptocurrency with others. Doing this can help you get a better idea of the competitive factors necessary for a prudent investment plan.
How does Ripple XRP stand out in the crypto market?
XRP leaves Bitcoin behind due to being faster, cheaper, more scalable, and environment-friendly. Apart from that, the XRP Ledger can confirm transactions more quickly than Ethereum.
Comparing XRP's potential with Bitcoin and Ethereum:
On 4, December, 2024, Bitcoin reached $95,700, which shows potential weakness because technical indicators imply a fall. Ethereum and Ripple (XRP) stabilized close to key levels, which indicates a sign of increase after South Korea’s martial law change.
Best Platforms to Trade XRP
Choosing the best online share trading platform for cryptocurrencies will ease your transaction. Therefore, you are provided with some reliable platforms. Read all of them, and choose one that meets your purpose.
Top crypto trading platforms for buying and selling XRP:
The following are the top 3 trading platforms for the purchase and sale of XRP:
1. Pepperstone: It’s a deal XRP trading platform. Pepper Stone offers useful and advanced trading tools. That’s why it finds a place as the best platform for crypto trading.
2. XM: XM finds a place in our list due to being helpful for trader education and training.
3. Plus500: This trading platform has a very user-friendly interface.
Tips for choosing a secure and reliable platform:
The online brokerage platform you choose for crypto transactions must have the following qualities:
1. Advanced security systems
2. Convenient and intuitive tools and features
3. Transparency
4. Ability to report immediately about transactions
5. A spotless track record
6. Ease in buying and selling a crypto asset
7. A user-friendly interface
8. Geographical restrictions
9. Reasonable fees
10. Excellent customer support services
How to Invest in Ripple XRP?
When you have selected a platform for cryptocurrency transactions, the next step is to do some research regarding the XRP investment. After that, make your purchase by following the systematic process.
Step-by-step guide to buying XRP:
1. Find an Exchange:
Look for an exchange support XRP, and usable in the UK. It’s wise to take into account their fees, security systems, and user reviews.
2. Make an Account:
Create your account on the exchange. It requires you to provide your personal information for identity verification in harmony with financial regulations.
3. Put Funds into Your Account:
Deposit some funds into the account. Mostly, exchanges accept bank transfers and credit cards. Before choosing a medium to deposit your funds, check the processing times and potential fees.
Find XRP in the Exchange’s Platform:
Look for XRP in the exchange platform. When you find it, hit the ‘Buy’ option. You may either choose a ‘market’ order to buy it immediately or put a ‘limit’ order to buy at a particular price.
Transfer XRP to a Wallet:
Put your XRP into a private wallet. For convenience, choose a mobile wallet, and pick a hardware wallet for security.
Investment Strategies for Beginners:
The following are some helpful tips for beginners. These tips will help them work wonders in trading XRP. So, stick to the following words of advice from experts to earn a handsome profit:
Study the Market:
The XRP price is subject to news, action of major players, market events, and the like. Therefore, study the market properly.
Choose between Investment and Trading:
If you want to invest in XRP for the long term, buy it before the price rises. Contrary to this, pick CFDs for intraday trading or making money on falling prices.
Use Technical Analysis:
Although you keep an eye on every event related to the XRP blockchain and crypto field, do some technical analysis as well.
Prepare a Trading Plan:
Never trade on emotions, such as excitement, greed, or fear. Before trading, make some analysis wisely and follow them to the letter. If you are confused, go to an expert to seek valuable advice regarding systematic trading steps.
Don’t Ignore Risk Management:
Wise trading means paying heed to risk factors. So, make some strategies to reduce the negative implications of the investment. These implications may come up if something unwanted and unexpected happens.
Risks and Rewards of Investing in Ripple
Like every investment plan, you should also take into account the risks involved and rewards related to investing in Ripple. To understand it clearly, take a look at the factors that have affected the price and performance in the past few months. The better you know them, the easier it will be for you to predict future prices.
The volatility of the crypto market:
XRP or other cryptocurrencies are subject to their price change. Factors like news or policies can increase or decrease its price to a large extent. That’s why investing in XRP requires you to be prepared for a high risk.
Long-term vs. Short-term Gains with XRP:
Knowing the projections from experts will help you decide whether you should choose a long-term investment or a short-term one. So, see the following predicted figures from analysts to get a better idea about your investment:
• If institutions continue adopting XRP, it may go up to $5 or higher in the long-term period (2025 and beyond).
• As far as its short-term (2024 to 2025) projections are concerned, it may remain above $2. However, the solution of the SEC case will play a key role in this.
Conclusion
According to experts, the Ripple XRP price prediction seems to go up to $2. It’s because it witnessed significant growth (364%) in November 2024, making XRP the 3rd largest crypto.
Aside from that, if Donald Trump makes crypto-friendly regulations and South Korean exchanges keep trading XRP, investing in XRP will be profitable.
