What Is The Ripple (XRP) Price Prediction In The Long Term?
✍️ 30 November, 2022 - 18:00 👤 Editor: Jakub Motyka
- Experts predict that Ripple (XRP) could reach $5 by 2025.
- What is the Ripple (XRP) price prediction in the long term? Backing the claim - the outcome of the blockchain's case with the SEC and the relevance of the payments technology.
- The latest news about cryptos is on our Telegram channel.
The most bullish price prediction in Ripple (XRP) is around $5, according to data provided by a major company. Ripple (XRP) has clawed back 4% in the daily price to post a weekly gain of 8.38%, currently trading at $0.3831 with a market valuation of $19 billion.
GOV Capital predicts that XRP will reach $1.11 next year, a change of +197% from the current value. The firm estimates a price of $4.988 for the asset in 5 years. Finder is also bullish on the price of Ripple crypto. The panel of experts predicts that the digital asset could reach $3.81 by 2025, a price above the all-time high of $3.3 in 2018.
SEC Vs. Ripple Case, Key In The Price Prediction Of Ripple In The Long Term
Most industry experts, including the ones above, base their positive forecast on a favorable outcome in the ongoing lawsuit pitting Ripple and the SEC. After the agency sued the blockchain for allegedly issuing XRP without registering it first as a security, the platform lost investors.
Cryptocurrency exchanges, including Coinbase and Kraken, delisted the cryptocurrency. There was also a speculative sale by traders, which lowered the price. However, the payments digital asset has remained resilient, maintaining its position as the seventh-largest cryptocurrency.
In the past three months, XRP has increased by 15% despite a decline of 18% in the last month. However, the utility token has lost 54% yearly from a high of $0.83.
According to experts, the steady gains are attributed to the strength of Ripple's technology in allowing for instant currency and asset conversion in cross-border transfers. The fast conversion has gained importance for interbank transactions.
If you are interested in this case related to the SEC, check this: The Price Of Ripple (XRP) Will Depend On The Outcome Of The Trial With The SEC.
How Important Is Ripple In The Blockchain Space, And How This Affects The Price Of XRP In The Long Term
XRP is based on RippleNet - a decentralized blockchain of financial institutions – that uses Ripple's blockchain and API technology. On the other hand, the XRP token is a currency facilitating payments and transactions on Ripple's decentralized public blockchain, XRP Ledger.
Besides Ripple's efficient technology, the lawsuit discussed above is skewed to a possible win for the blockchain. Notable industry players like Coinbase have joined the case in support of Ripple. In addition, most recently, the Belgium financial regulator stated that Bitcoin and Ether could not be treated as securities since they have no issuer. The stance of the Financial Services and Markets Authority (FSMA) is expected could set precedence in the Ripple SEC case.
After reading this, check also the Ripple (XRP) price prediction for 2030, and find out if the $500 price prediction for Ripple is real.
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ES: Jared Kirui es un escritor financiero experimentado apasionado por todo lo relacionado con la tecnología blockchain. Anteriormente, estuvo en los mercados bursátiles y forex, brindando a los administradores de activos contenido de primer nivel. Con un don para producir artículos de alta calidad, comenzó a cubrir noticias crypto en 2021. Tiene una mente abierta, comercia por diversión y disfruta de los deportes.
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