When will Ripple hit $ 4 again
Ripple forecast 2021-2025: can XRP continue to hold its own?
That moves the Ripple price in May
The Ripple forecast for the past year has not come true as expected. Still, the company has reached a few milestones and remains in the upper echelons of market capitalization.
Will the XRP course continue to grow in 2021 and how realistic are these expectations?
The most important Ripple News in May
- Ripple course with clear recovery - experts award “buy” rating
- Lawsuit against Ripple could end positively for the cryptocurrency
- Ripple brings former government employee to board
Current price development & scenario
In the monthly chart, Ripple recorded a significant price increase from just over 1 to a peak of 1.90 US dollars. In May, the XRP price moves between $ 1.50 and $ 1.60. Most recently, the bulls failed to break the 20-day exponential moving average (EMA). Meanwhile, the price appears ready for a new move higher and is moving along an upward line. The bulls could target a retest of the all-important $ 2 mark.
Bullish / bearish scenarios
The following consideration relates to the XRP price in the 4-hour chart. The price of the XRP token is trading at the extension level of the 161.8% Fibonacci Extension. Finally, the bulls provided a boost, which found a break at the designated level. However, it cannot be said that the share price has fallen and the price has remained stable.
As a result, the bulls may try again and target the resistance level around $ 1.88. This is about 15% above the price level on May 7, 2021. If the bulls can overcome the resistance, the way is free to the annual high of 2 US dollars. At the beginning of the year, the price was below $ 0.20.
The bearish scenario assumes that the bulls are less active than expected and that they also fail because of the resistance mentioned. If no uptrend occurs and the key support at $ 1.51 falls, the bearish scenario threatens to materialize. The consequence could be a downturn to the 50% Fibonacci retracement at $ 1.31.
The forecasts and analyzes on Tradingview consider Ripple to be a clear candidate for the month of May:
Ripple and the impending lawsuit
The US regulatory authority SEC and the former and current leaders behind Ripple, Chris Larsen and Brad Garlinghouse, agree on a schedule. The opening of the proceedings will start on April 12th with the corresponding briefs from Ripple. The SEC as plaintiff has about an extra month. The defense side then has until June 4, 2021 to respond. Overall, the process could last until late summer 2021. As before, it cannot be ruled out that both parties will come to an out-of-court settlement.
In recent weeks, there has been no other issue in connection with Ripple than the lawsuit by the US authorities. Ripple, or the people behind the cryptocurrency, are faced with the allegations that Ripple is a security. However, since XRP was never declared as such, those responsible acted illegally. Many exchanges took the token off their platform for US customers and prohibited them from trading. But Ripple is now starting a counterattack.
CEO Brad Garlinghouse has already denied the allegations on Twitter. There is also support from within the company through General Counsel Stu Alderoty. Alderoty gave a number of reasons why the allegations were unfounded. With the statement that the US authorities themselves declared XRP as a virtual currency and not as a security in 2015 and 2020, he also brought interesting information to light. Investors should closely monitor the situation and react to suitable trading opportunities as a result of the upcoming reports.
The SEC made two arguments as to why it didn't have to disclose the internal memoranda re BTC, ETH and XRP. The Judge denied both of those arguments and is saying "No, you really DO need to disclose those documents." PS. This Judge is very polite when rebuking a party! https://t.co/OWF3DL91YC
- Jeremy Hogan (@ attorneyjeremy1) May 6, 2021
News from the Ripple environment
Ripple strengthens its headquarters in California with two top-class newcomers. Above all, the signing of Rosa Gumataotao caused a stir, as she is the former US treasurer of the Obama administration. She historically managed an annual budget of approximately $ 5 billion and was responsible for 4,000 employees.
According to his own statement, Gumataotao consciously decided on Ripple after many years of government work. She is very fond of the project and joins the board of directors. In addition to the prominent new employee, those responsible behind Ripple presented another reinforcement in the management floor.
Kristina Campbell is the new CFO of the crypto project. Campbell was CFO of the payment service PayNearMe for many years and previously worked for other financial service providers. She wants to make Ripple accessible to the global financial system, as she herself announced. She also considers Ripple to be unique in its form in the financial and crypto world.
Ripple XRP Basics
Ripple was founded in 2012 by Arthur Britto, David Schwartz and Ryan Fugger. They started out using C ++ and designed a network for real-time gross billing and currency exchange.
In 2013 that became Ripple Transaction Protocol (RTXP) Introduced: The new payment protocol allowed instant money transfer between two parties.
Between 2014 and 2017, Ripple focused on the banking sector. RippleLabs experimented with an app for iOS that allows users to send and receive transfers. Since 2013, the Ripple protocol has been implemented by numerous financial institutions to offer an alternative transfer method for people.
The German Fidor Bank was the first company to use the Ripple network for cross-border payments during 2014. Prominent banks like Cross River Bank, CBW Bank, Earthport, HSBC and Bank of America followed suit.
Ripple now has more partnerships with financial institutions than any other cryptocurrency. An excerpt from known partners can be found in the following screenshot.
Ripple has made a name for itself primarily as a bridge between traditional banking and blockchain technology.
Ripple forecast: These partners influence the course
Partnerships are an important topic in the context of Ripple. As something of an old hand in the crypto world, Ripple has always attracted companies from the financial world. As a “blockchain for banks”, the crypto project aroused interest in the banking world.
To date, Ripple has over 200 banks and financial service providers on its platform. Some of these companies use Ripple's network for payments, while others use the technologies (applications and apps) of the crypto project.
Brad Garlinghouse, CEO of Ripple, has already confirmed in the past that several hundred companies are already part of the Ripple platform. He thinks Ripple is a good solution, especially for large projects such as cross-border payment transactions.
The largest confirmed partners include prominent names such as Mitsubishi UFJ Financial Group, Santander Bank, American Express, BBVA, Western Union, UBS and Uni Credit. Ripple tries to collect partners who are active in important growth markets. For example, the cooperation with Tranglo aims to gain a foothold in Southeast Asia.
All confirmed xRapid (Ripple) partnerships in one place:
- XRP_Cro (@stedas) January 24, 2019
Ripple forecast: the determining factors
There are some points that experts and analysts are positive about and suggest a good price development. Among other things, these arguments speak for a price increase of XRP:
Many large banks are adopting Ripple as it makes them more competitive. Thanks to the blockchain, banks were soon left behind in terms of transaction speed, fees and security. Ripple currently has more than 100 institutions as partners.
- Ripple and Visa on par:
Until recently, Visa was best when it came to transaction scalability. After the upgrades, Ripple can now process up to 50,000 transactions per second. This puts Ripple on a par with Visa’s payment network.
- New partnerships:
Ripple can fall back on a long list of current and future partners. Dozens of financial institutions will adopt the XRP token this year. This will have a positive impact on the course.
- On demand liquidity:
In October 2018, Ripple introduced xRapid. At the end of 2019, xRapid was renamed On Demand Liquidity. As early as January 2019, at least 12 companies had indicated that they were using or planning to use XRapid. It improves transaction speed, security, and reduces fees for international transactions and currency exchange.
- Other new functions:
Ripple introduced Codius to enable smart contracts. Xpring is another Ripple initiative that allows companies to invest in startups. The hopes for the release of the Cobalt algorithm are also high. This was announced at the end of 2018 and could have a strong impact on the Ripple forecast and price development.
Ripple forecast for the year 2021
2021 could turn out to be one of the most exciting years ever for Ripple. Since the turn of the year, the lawsuit by the US financial supervisory authority SEC has been circulating over Ripple. When the charges became known and many trading venues removed Ripple from their platforms, the XRP price collapsed dramatically.
For a long time, things didn't look particularly good for Ripple and those responsible. Many partners put the cooperation on hold or even moved away from Ripple. In the United States in particular, partners refrained from being exposed to the authorities in the event of a successful lawsuit.
But in April and May 2021 the situation eased and the price suddenly rose. The reason was positive outlooks, which the judge in charge announced in the process. As a result, the first exchanges took Ripple back onto their platforms. Those responsible around CEO Brad Garlinghouse were always confident that the lawsuit would not stand.
The forecasts of leading experts in the field of long-term price forecasts are also still positive. You still think the XRP token is a good investment.
Ripple forecast 2021 to 2025
Ripple has always been in the top 10 largest cryptocurrencies by market capitalization.
Experts and analysts assume a good ripple forecast for the next few years. It is very unlikely that Ripple will experience a complete crash, it is too established for that and has won many large and well-known companies and institutions as permanent partners. There is disagreement about the price development in detail:
It is assumed here that the XRP token will rise to 3 US dollars by the end of 2021. This forecast is based on fundamental and chart analysis. If Ripple continues to win new partners and ensure that more institutional money flows into XRP, then that would lead to an increase in sales, the experts believe. In the long term, through 2025, InvestingHaven expects a price of over US $ 20.
Based on the aforementioned facts, the experts estimate that Ripple will close the year 2021 at a price of 4.95 US dollars. For the coming year 2022, the Ripple forecast envisages a moderate increase to almost 9 US dollars. In 4 years, so in 2025, the price of 1 XRP could be $ 11.71. The forecasts are based on algorithmic analyzes and possible market developments.
The analysis comes to the conclusion that Ripple still has growth potential. But it will probably not be as big a success as 2017 - at least until 2025. In its Ripple forecast, Longforecast expects a price increase in the short term, which, however, cannot prevail in the long term. The experts are already forecasting prices of over US $ 3 for 2021. This level can also be partially maintained in the following year. But already in 2023 there is a steady decline in the price, which should lead Ripple to below 1 US dollar by 2025.
Conclusion on the ripple forecast
XRP is a cryptocurrency that polarizes. There is hardly a coin where opinions drift so strongly apart. The lawsuit against the project at the end of 2020 reinforces this picture.
It should be noted that although Ripple is heavily centralized, it is also used heavily and technically works flawlessly. Service providers from the financial sector in particular actively use Ripple. The number of partnerships with established banks is impressive and means that Ripple is on everyone's lips in the financial world.
How much the Ripple price will develop depends largely on how much the supply of available coins will develop. The demand for Ripple is still high. In an up-and-coming crypto market, there is a high probability that Ripple will pick up just as strongly and maintain a top position. The Ripple forecast is therefore positive.
If you want to start trading or buying Ripple (XRP), you are in the right place in our exchange overview.
everyone who thinks somewhat “normally” understands that no bank in the world can be “mangled” by crypto. ie: cooperation between crypto and bank. success is guaranteed. all other ideas / altcoins etc. will be banned at some point and fall into the deep past, with billions of losses for many, too many “gullible” investors.
ripple recognized exactly this right from the start, and is an investment option that will survive.
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