Ripple price prediction - ripple coin future in 2024 and beyond

Ripple XRP is one of the leading cryptocurrencies. Although the coin does not aim for the most decentralized title, it actively cooperates with international banks and investment firms. Experts say this factor could be the key to Ripple's success. It is not only a cryptocurrency, but is also designed as a full-fledged payment infrastructure capable of replacing SWIFT.

The lawsuit with the SEC has become one of the most important events that has attracted the attention of the entire cryptocurrency industry. The court hearings began in 2020 and only ended in July 2023. As a result, the court sided with XRP and did not recognize the token as a security as required by the SEC.

The court's ruling that Ripple was not responsible made Ripple fans extremely happy. Under the influence of positive factors, the currency's value increased 100% in just a few weeks and then dropped to its previous level. This further proves the vague nature of the token and the difficulty in predicting its value.

This article presents an analysis of the reasons for the coin's growth and decline, the future development of the Ripple network, as well as analysts' forecasts of the potential peak of XRP. Is this cryptocurrency a good investment? What value can this currency reach in the future? At the same time, you will find answers to many other questions throughout the article. Read Ripple future price predictions for 2023, 2024, 2025, 2026, 2030 and beyond!

What is Ripple Crypto and XRP History? Overview of XRP
Simply put, Ripple Labs inc is a company that provides payment protocols comparable to payment systems, remittance networks, and currency exchanges. The protocol works with cryptocurrencies, fiat currencies, and commodities. XRP is Ripple's native cryptocurrency.

If you want to gain a deeper understanding of the subject of Ripple, take a look at the following terms:

XRP or Ripple is a cryptocurrency offered by RippleNet (according to Kucoin). Financial institutions use XRP to provide fast transactions with low transaction fees;

RippleNet represents a payment platform based on the distributed ledger consensus mechanism of the XRP Ledger (Ledger);

Ripple operates a digital platform;

RippleNet Cloud processes payments using an integration and a common Ripple Payment Object between the platform's customers. It features “less friction and more standardization” when customers are ready to scale;

As for the XRP Ledger, this is open source and based on the ledger database instead of the blockchain (Currently only 20% of the high-level nodes of the XRP Ledger system are held by Ripple.)
Ripple's all-time peak price reached $3.84 on January 4, 2018
​The development of the collapse of Ripple XRP
Ripple was created by Mr. Ryan Fugger, who first announced the idea of Ripple, in 2004. However, Ripple was only released for the first time in 2012 by Mr. Jed McCaleb and Mr. Chris Larsen. At that time, the currency was not even Ripple but OpenCoin.

First, it's a San Francisco startup; Blockchain-like payment systems have been developed. It was created as an alternative to transferring money to the banking system, not the other way around. The system's popularity among financial institutions grew rapidly and soon the company received a lot of interest from leading banks. This was expected as the system enforces fast transfers with low fees worldwide.

Banks adopt the protocol to execute cross-border transfers in real time using the xCurrent software solution. At the same time, Ripple is also available to investors and traders. Traders can carry out operations with cryptocurrencies through trading on cryptocurrency exchanges or with the help of a broker. Ripple is constantly actively developing. The company has had connections at the highest political and financial levels for many years. Think of the World Bank, ECB, IMF and World Economic Forum. With enthusiastic and well-priced recommendations from all sides – what could go wrong?

Keep reading to find out how Ripple's price has changed over time and how much Ripple will be worth in the future.

How has the price of the XRP token changed over time? Learn about Ripple's price history
It would be a mistake to check Ripple price predictions without looking back at the enormous historical XRP price fluctuations. Only by answering the question of why the price of this cryptocurrency increases or decreases can we get a correct assessment of the current simageituation.‎

Current XPR price today January 14, 2024 is $0.57820.

The price chart above shows how XRP has changed over the years. The Ripple coin has been stable since its launch in 2013 until early 2017. During this period, the rate saw its first spike, which was due to a series of high-profile partnerships with major players. financial giants like MoneyGram, American Express and Santander. As a result, the price of this coin was pushed past the $3 mark for the first and last time. This price has never been recorded again.

In 2018, XRP fell below $0.30, following the general situation in the cryptocurrency market. From 2018 to 2021, the entire cryptocurrency industry experienced its first long crypto “hard winter.” The cryptocurrency bottomed in March 2020 at $0.11 amid a massive sell-off of cryptocurrencies and traditional stocks due to the COVID-19 pandemic. Despite this, XRP soon started rising again after that. However, the coin faced another blow in December when the SEC filed a lawsuit against the company Ripple Labs. Due to the ongoing lawsuit with the SEC, many exchanges delisted XRP and the price returned to $0.17.

In 2021, Ripple has continued to grow but the price quote has not been able to update its record high due to instability from litigation. Ripple's peak that year was $2. At the same time, the forecast after the test was very optimistic. In 2022, a new wave of market decline caused the average price of XRP to drop to just $0.28.

What happened to XRP in 2023?
According to the 2023 XRP price prediction, for more than half a year, the coin has had a sideways trend starting from the summer of 2022. The coin could not surpass the $0.30-$0.60 price range.

XRP holders had been holding out hope that the Spark Token airdrop in January would support demand for Ripple. However, this did not happen. Flare Networks' team only airdropped 15% of the total circulating supply to XRP holders. The remainder will be distributed to them over the next 34-97 months. The final vesting period is determined by the actual inflation of the Spark Token.

The situation changed regarding Ripple price only in July 2023. This happened due to the ruling of the Southern District Court of New York that although some sales of XRP were considered “investment contracts " but Ripple is not a security.
The chart above shows that this event caused Ripple's price to increase by nearly 100% in one day. However, the SEC has promised to protest this decision to a higher authority, so it is too early to give a view in this case.

SEC activity in 2023 is not limited to the case of Ripple. The regulator has also filed lawsuits against the founders of popular exchanges such as Binance, Huobi global, Bittrex and Coinbase. These events, general global economic uncertainty, and geopolitical risks pushed the cryptocurrency's price to its July lows, virtually eliminating any potential for growth due to a new wave of positivity. best.

Technical analysis for Ripple XRP
Since technical analysis at large timeframes facilitates a look at the overall market situation, the monthly chart of XRPUSD comes up for consideration first.
Let's start plotting the graph with historical extremes. The tilt angle must coincide with the main direction of the trend line. It is important to note that the border of the Fibonacci grid should not be a trendline as a basic rule. The grid is not built based on extremes. It should cover both the length and width of the first Fibonacci channel (0-0.236) and the largest part of the asset's trading range over the period of study, the chart above is an example.

Today's price is in the base channel area, which I often call the "last hope zone". The name speaks to the significance of this channel for the entire above structure. If the price crosses the border and accumulates below the baseline of the Fibonacci channels, we can conclude that the entire above structure is no longer relevant. Then you need to build a new structure, in which the previous extreme will be taken as the basis.
Three-month Ripple price prediction
To make an accurate XRP price prediction for 2023, using only Fibonacci retracement levels is not enough.
Let's mark the levels on the smaller timeframe. For example, the weekly chart above shows that inside the monthly "last hope zone" a local channel structure has been formed, where the price is also within the gray channel zone of the indicator background. Movement through the channels of this structure will serve as an early signal for larger-scale changes.

According to this principle, analyze what is happening on the daily chart. Fun fact: on Monday, Tuesday and Wednesday, the token will be especially active.



During the build-up to the daily trending Fibonacci retracement levels, the cryptocurrency clearly broke above the baseline. This is a bearish signal that could signal that the downtrend will continue. The movement can be predicted when the price leaves the yellow trading channel and enters the fast volatility zone, into the untraded channel.



Since the old channel structure is broken, start looking for a new channel structure that is already supported by the market. This will be possible if you switch to a shorter time frame. In our case, the H4 chart above shows that the bearish structure is developing in a positive direction. The price left the base zone and when it tried to return, the sellers also started to resist. This situation shows that it is unlikely that there will be a reversal and an upward pump.



To confirm our hypothesis, let's check the statistics of the Relative Strength Index (RSI) and the MACD indicator. The weekly price chart shows that the RSI is at a balanced level, allowing it to move up and down. At the same time, the MACD histogram also confidently accumulated in the negative zone for the first time in the past 12 months, which serves as a strong confirmation signal.

Now let's predict price movements. The simplest approach here is to find a similar fractal from the histogram history, coinciding with the expected direction.
To do this, switch to the weekly timeframe and look for a similar pattern of price movements in recent months, after which the price continues to decline. The prediction chart above shows that a similar movement occurred in the fall of 2019. The timing match is another confirming indicator that the fractal found is likely to repeat.

Now, we need to project that fractal onto the history of future price movements, considering the previously specified levels.


We can make predictions based on a projection built on the extreme points formed on the fractal in the previous example. Therefore, according to our prediction, by the end of 2023, a slight downward correction is expected with an upward adjustment of about 30% compared to XRP's current price of $0.5. In the long term, there is a high possibility that the price will touch the lower Fibonacci line around $0.31.
Long-term Ripple trading plan
A trading plan is to access a list of prices that we need to determine in advance to carry out certain trading operations.

A trading plan is a must-have tool in a trader's work process. It will save time and brainpower, and help you avoid impulsive decisions if the next day's price goes against expectations. Any trading plan should include the following:

determine market entry price;

determine the level of transaction cancellation, loss adjustment or Stop Loss;

Determine the profit taking price, also known as Take Profit.
Typically, professional traders will plan these levels to better manage risk and maximize profits. It is important to take breakeven into account in your trading plan. This parameter can be controlled by changing position size, averaging or adding to it.

To plan a trade, a trader needs to know which direction the cryptocurrency's price will move.

With a high probability, Ripple price will return to the $0.60-$0.67 price range in the medium term. In the long term, next year, the price will fall to around $0.30. The forecast chart is presented above. Therefore, trading on the downside of Ripple would be the least risky. This means you need to build an XRP trading plan to open short positions.

It is completely reasonable to look for a sell entry point closest to the maximum potential price. Since this is around $0.60-$0.67, an average price of $0.65 will be used as an example.

The logical decision is to place a Stop Loss order where it is clear that the plan will not work and the xrp market is following a different fractal. One of the simplest and most popular methods for determining stop losses is to take the latest local extremes as a basis. In the case here, this would be $0.93. Therefore, the stop loss should be set at $0.94. In the chart above, it is marked with a red line.

Because the gap between the entry price and the Stop Loss order is quite large, the initial trade size can be divided into several parts to minimize losses and increase breakeven. Therefore, the position will be averaged as it approaches the stop.

Set the Take Profit level slightly higher than the expected drop of $0.31 per Ripple coin. Here, similar to the example of dividing the entry point, you can divide the take profit and close the position into several parts. By moving your Stop Loss below the breakeven price, you will ensure no losses and preserve some of your profits in case of a negative situation.
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