This is why XRP’s price has been crushed and is struggling to rise

In 2026, Ripple will establish partnerships and memorandums of understanding with many of the world’s top financial regulators. If XRP can rebound to the resistance level of $10, it is predicted that it will reach an all-time high of $12.10 in 2026. Our Ripple forecast also foresees that XRP will remain strong at the lowest $8.51 and indicates that XRP / USD will end at the median of $11.64. As mentioned above, the price collapse occurred due to the lawsuit filed by the U.S.

If we take into account the other use cases like tokenization ($10 Trillion Market), CBDC platform, developers ecosystem, and digital custody business, the XRP price is going to be humongous. Retail players will not be able to make even a slight dent in the price ecosystem and this is when, the XRP price will move away from speculations. The current market is mostly driven by retail players and this is the reason, why the real movement in the XRP price is not happening. It’s the institutional investors who can catapult XRP to its real price. It operates on the XRP ledger and helps facilitate transactions on the ledger.

New XRP price target?

At the time of writing, XRP was priced at $0.78, but some believe it could reach $1 by the end of 2022. XRP is a cryptocurrency that runs on the Ripple network.The main reason behind its low price is that the US security and Exchange Commission (SEC) is suing Ripple for $1.3 billion. This may last for a short why is xrp price so low time, at least until the end of this year. At some point, however, experts predict that the price of the Ripple will rise again. Perhaps large financial institutions will avoid relying on a blockchain for cross-border transactions, instead focusing on developing internal technologies and infrastructure.

But now there’s growing concern that this legal battle could persist well into 2024 and perhaps even beyond. So, XRP continues to trade in a very narrow range as investors await more news. To limit losses and protect gains, you can use stop-loss and take-profit orders.

Large addressable market

Bitcoin (BTC) price action is showing strength and volatility after seven weeks of consolidation. The current weekly BTC candlestick has already registered a 9.30% gain and is likely to close on a positive note. The author has not received compensation for writing this article, other than from FXStreet. Just as with fiat currencies like the US dollar (USD) or Pound sterling (GBP), inflation refers to how quickly the money supply increases.

That’s money that should have gone into the development of the Ripple network, which is the blockchain-based payment platform powered by the XRP crypto token. Going even further back in time, the all-time high for XRP is just $3.84, and that occurred back in January 2018. That’s why I’m puzzled https://www.tokenexus.com/ as to why so many investors are convinced that XRP is destined to double, triple, or even quadruple in price sometime in the near future. For the past 18 months, XRP has basically traded in a very narrow range between $0.40 and $1, with signs of a possible breakout scattered throughout.

Bitcoin SV

As fiat money declines in power, the crypto market is expected to rise, creating an opportunity for many traders to profit from it. As the crypto winter dragged on, government regulators started to tighten their grip on the freewheeling cryptocurrency sector. In December 2020, the Securities and Exchange Commission (SEC) sued Ripple Labs and two of its executives for raising $1.3 billion through an unauthorized offering of XRP tokens. The SEC argued that those XRP tokens should have been classified as unregistered securities. Ripple routed those transactions through its blockchain-based ledger, which also hosted a native cryptocurrency called XRP (XRP 2.19%). Opencoin rebranded itself as Ripple Labs in 2015, and the market’s interest in XRP subsequently skyrocketed as Bitcoin and Ether lit a fire under the broader crypto market.

• The sender’s local currency would be converted to the network’s token, XRP, before being sent over the blockchain.
• There is 20.5% more XRP circulating now compared to this time last year.
• Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors.
• It’s already one of the largest cryptocurrencies, and it could have serious untapped potential.
• Ripple and XRP have since experienced significant growth, with a notable increase in adoption and a complex journey marked by regulatory challenges and market competition.
• The information on this website is for educational purposes only, and investing carries risks.
• The bull case scenario calls for XRP to win its legal battle against the SEC in 2024.

At the time of writing, one XRP coin is worth around $0.6834, according to CoinMarketCap. Investing in cryptocurrencies or stocks and shares is not a guaranteed way to make money. Cryptocurrencies are highly volatile, which means your investments can go up or down quickly, often losing substantial value in short periods of time. The eighth biggest coin has struggled since early September, losing more than half its value as dozens of cryptocurrencies have floundered. They determine that XRP price is bound to bounce back since Ripple has a capacity to achieve just as much as Bitcoin and Ethereum. Another prediction claims that by 2025, XRP could even reach $8, which will likely attract the attention of tech-savvy individuals in every corner of the planet.