Even though many cryptocurrencies in the space are experiencing a not-so-good time, Ripple is one of the few cryptos that is still managing to keep afloat. We have seen the crypto do very well in the last couple of years, where it even rose in value to become the third-largest cryptocurrency based on market capitalization in 2018.
2021 was also a very good year for Ripple, and that convinced many investors to invest in it and add it to their portfolios. But with the recent happenings in the market, you might want to know what the Ripple price outlook looks like before you go ahead to buy the cryptocurrency. In this post, we will show you a quick recap of Ripple’s price history and what its value might be this year and also in the next couple of years to come.
What’s So Unique About Ripple?
You might be wondering why many investors are buying into the idea behind Ripple and investing their money into it. Well, Ripple was created to serve as an easy means to transfer money across the globe without having to pay huge fees on the transactions.
Right from the time it was created, Ripple has done very well to keep up with this vision. With Ripple, transferring money anywhere in the world without compromising security or incurring huge fees is now possible. This is what looks like a big challenge a few years back.
Compared to other cryptocurrencies in its league, Ripple seems to be more transparent, and that has increased its adoption in the financial world, including in banks, investment companies, and other financial institutions.
Ripple presently has many services under its umbrella, including RippleNet, XRP Ledger, RippleX, and the XRP. All of these work together to help Ripple’s vision become a reality.
Ripple Price History; How Has Ripple Performed In The Past?
When investors are considering the outlook and future prediction of an asset, it is always best to look at how the asset has fared in the past. That will help us make a realistic prediction about the crypto. So looking at the price history of Ripple, one will be able to gather together some rays of hope about the future of the coin.
Although the crypto has been around for quite some time, 2017 announced it to the world as the crypto experienced its all-time high to break the $0.01 resistance level. The coin started year gave Ripple a remarkable exposure, pushing it to the third-largest position in the crypto market in 2018. Due to the popularity it gathered in 2017, XRP attained a new all-time of $3.84 in 2018.
Unfortunately, the glory did not last. XRP slumped again towards the end of 2018. And right now, as of the time of writing this post, Ripple (XRP) is worth $0.411.
Ripple Price Prediction For 2022
The year has been good for Ripple as the coin started the year at $0.59. Although Ripple has been experiencing some ups and downs in the year already, it has managed to push itself up a higher than its $0.55 resistance level. The asset has also been getting fair support from the financial world, showing that the future might be bright for Ripple.
According to experts in the crypto space, XRP might continue to increase until the end of the year. It might settle out of the year at around $0.87. If this could happen as predicted, then we can all conclude that 2022 is indeed a good year for Ripple.
Ripple Prediction For 2025
What do the following few years have in stock for Ripple? According to experts, Ripple may not experience so great an achievement between now and 2024 because of the Ripple case in court. The case has been instrumental to the fall and stall of the price of Ripple since 2020. Even though the case is still in court, experts already have the feeling that it might go in favor of Ripple.
However, the Ripple CEO has once announced that regardless of which side the court ruling favors, 2025 will be a great year for Ripple. May experts have predicted that the price of Ripple might rise up to $1.39 in 2025, and the Bull Run may continue till the end of 2030, causing Ripple to settle at around $2.7.
While traders at Wallet Investors were very bullish about the price of Ripple, stating that it might reach $3 by December 2025, experts at DigitalCoin seem to be more conservative in their prediction, predicting that Ripple’s price will likely be around $1.41 in 2025.
What more? Experts at CoinPrice also gave their prediction about Ripple price and said it would likely settle out of 2025 at $4. All these show that Ripple has a great year ahead of it, and the price will likely be between $1.1 and $1.39.
Should You Invest In Ripple?
This is more like a personal question that only you can answer. However, looking at how things are happening around Ripple, it doesn’t look like a bad investment. It is increasing in popularity despite the bad reputation it got a few years back due to the sue by SEC. And if the court ruling could eventually favor Ripple, then it will be an amazing time for Ripple. Everyone would wish they had invested in the crypto asset earlier.
So if Ripple could have a space in your portfolio, it wouldn’t be a bad idea at all to invest in it. The future seems to be bright for the cryptocurrency.