XRP Price Prediction 2025: Can XRP Hit $1.50 After SEC Case Conclusion and ETF Filing?
What's next for Ripple (XRP)?
Key Takeaways
- The SEC vs Ripple case that started in 2020 concluded on Aug. 7, with the latter receiving a $125 million fine.
- Ripple’s XRP is one of the oldest cryptos around, having come onto the open market in 2014.
- Could an XRP ETF be on the way?
- Our Ripple price predictions suggest that XRP could reach as high as $1.50 next year.
Ripple’s XRP cryptocurrency has been in the news after the SEC vs Ripple case finally ended on Aug. 7. Ripple was given a $125 million penalty.
New York judge Analisa Torres issued the fine because she deemed that XRP sales to institutions violated securities law more than 1,000 times. She also prohibited the company from future securities law violations.
On July 13, 2023, the judge ruled that crypto was not a security as long as it was sold on crypto exchanges.
The ruling ended nearly three years of legal wrangling, but the United States Securities and Exchange Commission only partially succeeded in having it designated a security.
Ripple CEO Brad Garlinghouse was happy with the decision . He considered it a victory for Ripple, Crypto, and the rule of law, despite his company’s massive fine and the court’s ruling that Ripple had broken the law more than 1,000 times.
Meanwhile, on Oct. 2, 2024, crypto asset management firm Bitwise applied for an XRP exchange-traded fund (ETF) with the SEC.
On Oct 2, 2024, XRP exchanged hands for $0.589.
Let’s examine our price predictions for Ripple, made on Oct. 2, 2024. We will also examine the XRP price history and discuss what Ripple is and does.
XRP Price Prediction
Here are the Ripple price predictions from CCN on Oct. 2, 2024. Price forecasts, especially for something as potentially volatile as crypto, should be taken cautiously.
| Minimum XRP Price Prediction | Average XRP Price Prediction | Maximum XRP Price Prediction | |
| 2024 | $0.50 | $0.80 | $1.10 |
| 2025 | $0.70 | $1.20 | $1.50 |
| 2030 | $1.20 | $2 | $3.50 |
XRP Price Prediction 2024
XRP is expected to trade within a range as it navigates potential breakouts or corrections, with the symmetrical triangle pattern suggesting an average price of around $0.80. A sustained bullish phase could push the price to a high of $1.10, while a failure to break resistance may cause it to retest lows around $0.50.
XRPPrice Prediction 2025
As the crypto market matures and broader adoption of XRP’s utility potentially increases, the price could reach an average of $1.20. A solid uptrend could elevate it to $1.50, but any significant market downturn or regulatory concerns may keep it closer to the $0.70 range.
XRP Price Prediction 2030
By 2030, a stronger market position for XRP and increased use cases could support an average price of $2.00. With further bullish momentum and favorable market conditions, the price could rise to $3.50. However, a conservative scenario with slower growth and market volatility could keep the price at a minimum of $1.20.
XRP Price Analysis
XRP surged from $0.38 to $0.66 between July 5 and 31 before forming a symmetrical triangle pattern.
This corrective phase could lead to a breakout or rejection at resistance, with a potential new impulse wave if the correction ended at the $0.50 low on Sept. 6.
If the correction continues, XRP may form another higher low, completing an ABCDE pattern and targeting $0.80, with a bullish move possibly reaching $1.
An attempt to break out on Sept. 29 saw a spike to $0.066, but it quickly fell back to $0.58.
Short-term XRP Price Prediction
The hourly chart suggests a new five-wave impulse began on July 5, with wave three starting Sept. 6.
A breakout above the resistance could indicate a fifth wave and a larger uptrend. Based on the 1.618 Fibonacci extension, the target is $0.86, with potentially $1 for the final wave.
The recent 12% drop from its high signals caution, as continued decline might invalidate the bullish outlook.
A bounce, however, could indicate a retest of support and signal further upward movement. Therefore, the XRP price prediction for the next 24 hours would need to take any bounce into consideration.
Ripple Average True Range (ATR): XRP Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On Oct. 2, 2024, the weekly ATR for XRP was 0.0287, a sign of low volatility.
XRP Relative Strength Index (RSI): Is XRP Oversold or Undersold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Oct 2. 2024, XRP’s RSI was 50, a sign of neutral sentiment.
Best Days and Months to Buy XRP
We examined the XRP price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy XRP.
| Time to Buy XRP | Best Days, Weeks, Months and Quarters |
|---|---|
| Best Day | Monday |
| Best Week | 14 |
| Best Month | December |
| Best Quarter | Fourth |
XRP Price Performance Comparison
Ripple’s XRP is one of the larger cryptocurrencies. So, let’s examine how it’s performed compared to other big hitters.
Advantages and Disadvantages of Ripple
Blockchain analytics company Messari recently released its quarterly report on Ripple . In it, Messari highlighted that Ripple had responded well to legal rulings and also outlined some key advantages and disadvantages of the platform.
They found that in the second quarter of 2024, XRP had
- A circulating market cap of $26.5 billion, up year-on-year from $24.7 billion but down quarter-on-quarter from $34.6 billion.
- Revenue of $137,000, down from $188,000 year-on-year and down from $208,000 quarter-on-quarter.
- Average daily transactions of 900,000, down year-on year from 1.1 million and also down quarter-on-quarter from 2.8 million..
- 29,000 daily active addresses, down from 54,000 year-on-year and down from 41,000 quarter-on-quarter .
Advantages of XRP
In its report, Messari said Ripple
- It works well with NFTs and has the ability to create tokens built into the core protocol.
- Is a key player in the drive for governments to create their own Central Bank Digital Currencies (CBDCs).
- Has been able to develop its ecosystem.
Disadvantages of XRP
Messari’s quarterly report also said Ripple
- Did not support smart contracts, computer programs that automatically execute once certain conditions are met. Smart contracts are a mainstay of such blockchains as Ethereum (ETH).
- Struggled to attract new addresses.
- Had also underperformed an already bearish market.
XRP Price History
Let’s now examine some of the key dates in the Ripple price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us useful context when making or interpreting a Ripple (XRP) price prediction.
| Time period | Ripple price |
|---|---|
| Last week (Sept. 25, 2024) | $0.5949 |
| Last month (Sept. 2, 2024) | $0.5683 |
| Three months ago (July 2, 2024) | $0.4877 |
| One year ago (Oct. 2, 2023) | $0.5255 |
| Five years ago (Oct. 2, 2019) | $0.2549 |
| Launch price (Aug. 5, 2013) | $0.005875 |
| All-time high (Jan. 4, 2018) | $3.84 |
| All-time low (July 7, 2014) | $0.002802 |
XRP Market Cap
The market capitalization, or market cap, is the sum of the total number of XRP in circulation multiplied by its price.
On Oct. 2, 2024, the XRP market cap was $33.3 billion, making it the seventh-largest crypto by that metric.
Who owns the most Ripple (XRP)?
On Oct. 2, 2024, a wallet linked to Ripple held 5% of XRP’s supply.
Richest XRP Wallet Addresses
As of Oct. 2, 2024, the five wallets with the most XRP were
- rB3WNZc45gxzW31zxfXdkx8HusAhoqscPn. This wallet, listed as Ripple11, had 5,000,000,222 XRP, or 5% of the supply.
- r9UUEXn3cx2seufBkDa8F86usfjWM6HiYp. This wallet, listed as Ripple10, had 5,000,000,220 XRP, or 5% of the supply.
- r9NpyVfLfUG8hatuCCHKzosyDtKnBdsEN3. This wallet, listed as Ripple9, had 5,000,000,204 XRP, or 5% of the supply.
- rMhkqz3DeU7GUUJKGZofusbrTwZe6bDyb1. This wallet, listed as Ripple28, had 5,000,000,202 XRP, or 5% of the supply.
- rHGfmgv54kpc3QCZGRXEQKUhLPndbasbQr. This wallet, listed as Ripple26, had 5,000,000,201 XRP, or 5% of the supply.
XRP Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Maximum Supply | 100,000,000,000 |
| Circulating supply as of Oct. 2 2024 | 56,564,039,920 (56.56% of maximum supply) |
| Holder distribution | Top 10 holders own 39.7% of maximum supply as of Oct. 2 2024 |
From the Ripple Whitepaper
Ripple’s whitepaper is a technical document that aims to explain what the platform is and what XRP does.
It says many crypto platforms suffer from being slow because every computer, or node, on the network, has to work at the same time as all the others.
It says: “We present a novel consensus algorithm that circumvents this requirement by utilizing collectively trusted subnetworks within the larger network.
“We show that the “trust” required of these subnetworks is minimal and can be further reduced with principled choice of the member nodes.
“In addition, we show that minimal connectivity is required to maintain agreement throughout the whole network. The result is a
low-latency consensus algorithm that still maintains robustness in the face of Byzantine failures. We present this algorithm in its embodiment in the Ripple Protocol.”
What Is Ripple?
In 2012 , Ripple Labs, then called NewCoin, created the Ripple payment protocol. The Ripple, or XRP, cryptocurrency powers it.
The idea was to set up a system that allows people to transfer money internationally quickly and simply. While it has not, as some crypto enthusiasts predicted, replaced the Swift/BIC international money transfer system, it has proven to be popular, and it is one of the largest cryptos by market cap.
XRP pays for transactions on the Ripple platform and people can also buy, sell, and trade it on crypto exchanges.
How Ripple Works
XRP is something a little different from a lot of other cryptos. With most crypto coins, such as, for instance, Bitcoin (BTC), people can validate transactions and secure the network regardless of whether or not they have the approval of the people behind the blockchain. Ripple only allows people who have been approved to do this.
Compared to other blockchain networks, XRP is a lot more centralized. On the other hand, it is, at least in theory, more secure than other platforms.
Something else that makes Ripple – the organization, rather than the crypto – stand out from its competitors is that it is a registered, for-profit company. This contrasts it with a lot of other blockchain organizations, which operate on a not-for-profit basis.
XRP is not mineable. Instead, every single one of the 100 billion XRPs that will ever exist already does exist and are released onto the open market every month. As of Oct. 2 2024, there were about 56.56 billion XRP in circulation.
At that time, there was a total supply of 99,987,161,962 XRP, which implied that just over 12 million XRP had been burned, or removed from the market. Since Ripple does not burn XRP, it is pretty safe to assume that the coin holders had, at some point, burned their crypto.
Is Ripple a good investment?
It is hard to say with any certainty right now.
With a market cap of around $33.3 billion at the time of writing, it is the seventh largest crypto by that metric. Unless it suffers the sort of crash that affected the LUNA cryptocurrency in 2022, it looks like it will be at the higher end of the crypto charts for some time.
Although – despite what Brad Garlinghouse says – Ripple lost its court case with the SEC, it could have gone far worse. Not only that, but the case is, after many years, over, and both the company, the coin, and the world of crypto as a whole, can move on. Indeed, how far and how fast things have changed will be demonstrated by the SEC’s response to Bitwise’s application for an XRP ETF.
As ever, though, the crucial thing before investing in any crypto is to do your research and never invest more money than you can afford to lose.
Will Ripple go up or down?
No one can say with any certainty. Remember that price predictions are very often wrong and that prices can, and do, go down as well as up.
Should I invest in Ripple?
Before you decide whether or not to invest in XRP, you will need to do your research, not only on Ripple but on other coins and tokens related to international money payments, such as Stellar Lumens (XLM). You should also remember that prices can go down as well as up, and never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
FAQs
Will XRP reach $10?
Our price predictions suggest that XRP will not reach $10 until the 2030s at the very least.
What is XRP used for?
The XRP cryptocurrency helps power the Ripple network. People can also buy, sell, and trade XRP on exchanges.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about this information’s completeness, reliability, and accuracy. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
