XRP Price History
XRP started trading at less than a cent. In late 2013, its price rose to $0.042 in early December. Afterward, it declined, hitting its all-time low on July 7, 2014, and mostly stayed below $0.01 for a long time.
In 2017, $XRP surged during the broader cryptocurrency boom, gaining popularity due to its focus on banking and payments. In January 2018, it reached its all-time high.
After the 2017 growth, the market corrected in 2018, and XRP fell to around $0.30. This trend continued into 2019, with prices between $0.20 and $0.40.
In 2020, XRP began to recover, reaching $1.96 in April 2021. However, a bearish trend pushed it below $0.40 by early summer 2022. Starting in fall 2023, XRP gradually grew and settled between $0.47 and $0.70.
Key advantages of XRP
High transaction speed:
XRP transactions are confirmed in just 3-5 seconds, which is much faster than many other cryptocurrencies, let alone traditional banking systems.
Low transaction fees:
The transaction fees for XRP are minimal, usually a fraction of a cent. This makes XRP an attractive option for both small and large transactions, especially for cross-border payments.
XRP price forecasts
XRP technical analysis
The significant growth of the crypto market that began on November 6 also impacted XRP. Moving averages, MACD and Parabolic SAR all indicate bullish sentiment. The RSI, however, is in a strongly overbought zone, indicating not only strong upward momentum but also the possibility of a correction.
The nearest support levels are $0.60, $0.56 and $0.49. The nearest resistance levels are $0.67, $0.70 and $0.75.
Short-term XRP price prediction 2024
Taking into account the bull run that has begun in the crypto market, if there is no major negative news regarding XRP, the token's price will almost certainly rise. Given the circumstances, there is a high probability that the XRP price will exceed $1.00 before the end of the year.
Long-term XRP price forecast 2025-2030
Although XRP is now trading well below its all-time high, the token is gradually regaining lost ground. Nonetheless, the future price of XRP over the long term will depend on a complex set of factors, including regulatory outcomes, adoption of Ripple’s technology, and the broader market’s perception of cryptocurrency.
Where will XRP be in 2025?
In the most likely scenario, the price of XRP in 2025 will be in the range of $0.80 to $2.00.
Will XRP reach $3?
Given that XRP's all-time high was $3.84 and the price is gradually recovering despite corrections, this is quite possible.
Will XRP reach $20?
This is unlikely, but in the long term, under very favorable developments (or in case of a significant devaluation of the dollar), this cannot be ruled out.
Can XRP reach $100?
Given that XRP's market cap would then be $10 trillion, this is only possible in the event of a severe devaluation of the dollar.
