Ripple (XRP) Price Prediction 2022 – Will XRP Hit $2 Soon?

Ripple (XRP) Price Prediction — Will XRP Hit $2 Soon?
  • Bullish XRP price prediction is $0.3950 to $0.9341.
  • Ripple (XRP) price might also reach $2 soon.
  • Bearish XRP  price prediction for 2022 is $0.2904.

In Ripple (XRP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about XRP to analyze the future movement of the cryptocurrency. 

Ripple (XRP) Current Market Status

According to CoinGecko, the price of Ripple (XRP) is $0.369390 with a 24-hour trading volume of $11,647,081,823 at the time of writing. However, XRP has decreased by nearly 2.2% in the last 24 hours.

Moreover, Ripple (XRP) has a circulating supply of 48,343,101,197 XRP. Ripple (XRP) trades in cryptocurrency exchanges such as Binance, FTX,OKX, FMFW.io, KuCoin. 

What is Ripple (XRP)?

Ripple (XRP) is the native crypto of the XRP Ledger (XRPL). XRPL is an open-source public blockchain launched in 2011 by Ripple, a blockchain-based payment system. XRP is used as a transaction fee on the native network and a potential payment and investment option.

Ripple captivated the interest of investors with its distinct consensus protocol. It functions based on a federated consensus mechanism to validate transactions. The network allows any user to use the validation software and verify transactions according to their “unique node lists”. Thus, transactions are validated onto the ledger within 4-5 seconds at lower costs. 

Ripple (XRP) Price Prediction 2022

Ripple (XRP) holds the 7th position on CoinGecko right now. XRP price prediction 2022 is explained below with a weekly time frame.

XRP/USDT Ascending channel Pattern (Source: Tradingview)

The above chart of Ripple (XRP) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, Ripple (XRP) is in the range of $0.3856. If the pattern continues, the price of XRP  might reach the resistance levels of $0.4105 and $0.5248. If the trend reverses, then the price of XRP may fall to $0.3248 and $0.2947.

Ripple (XRP) Support and Resistance Levels

The chart below shows the support and resistance levels of Ripple (XRP).

XRP/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Ripple (XRP).

Resistance Level 1$0.3950
Resistance Level 2$0.5031
Resistance Level 3$0.6743
Resistance Level 4$0.9341
Support Level$0.2904
XRP Resistance & Support Level

The charts show that Ripple (XRP)  has performed a bullish trend over the past month. If this trend continues, XRP might run along with the bulls overtaking its resistance level at $0.9341.

Accordingly, if the investors turn against the crypto, the price of Ripple (XRP)  might plummet to almost $0.2904, a bearish signal.

Ripple (XRP) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Ripple (XRP) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of XRP lies below the cutoff line, indicating weak participants in the current trend.

XRP/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of Ripple (XRP) is shown in the chart above. Notably,  Ripple (XRP) price lies above 50 MA (short-term), so it is in an uptrend. Currently, XRP has entered a bullish state. Therefore, there is a possibility of a reversal trend of XRP at any time.

Meanwhile, the relative strength index (RSI) of the XRP is 62.72. This means that Ripple (XRP) is in an overbought state. However, this means a major price reversal of XRP may occur in the upcoming days. So, traders need to trade carefully. 

Ripple (XRP) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Ripple (XRP). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

XRP/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Ripple (XRP). Currently, the ADX of XRP lies in the range of 23.5936 and thus, it indicates a weak  trend. 

The above chart also represents the Relative Volatility Index (RVI) of Ripple (XRP). RVI measures the constant deviation of price changes over a period of time. The RVI of XRP lies above 50, indicating high volatility. In fact, the RSI of Ripple (XRP) is at 62.72 thus confirming a potential sell signal.

Comparison of XRP with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Ripple (XRP).

BTC Vs ETH Vs XRP Price Comparison (Source: TradingView)

From the above chart, we can interpret that Ripple (XRP) is moving in a similar trend with both Bitcoin (BTC) and Ethereum (ETH). When the price of BTC and ETH increase or decrease, the price of XRP would increase or decrease respectively. 

Ripple (XRP) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Ripple (XRP) might probably attain $3 by 2023.

Ripple (XRP) Price Prediction 2024

With several upgrades in the network, Ripple (XRP) might enter a bullish trajectory. If the coin grabs the attention of major investors, XRP might rally to hit $4. by 2024. 

Ripple (XRP) Price Prediction 2025

If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, XRP will rally to hit $5.  

Ripple (XRP) Price Prediction 2026

If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, XRP will rally to hit $6.

Ripple (XRP) Price Prediction 2027

If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, XRP will rally to hit $7.

Ripple (XRP) Price Prediction 2028

If Ripple (XRP) holds a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, XRP would hit $8.

Ripple (XRP) Price Prediction 2029

If investors flock in and continue to place their bets on Ripple (XRP), it would witness major spikes. XRP might hit $9 by 2029.

Ripple (XRP) Price Prediction 2030

With greater advancements in the Ripple ecosystem, the crypto community might continue to invest in Ripple (XRP) for the next 8 years and drive significant price rallies for the token. Hence, Ripple (XRP) might hit $10 by 2030.

Conclusion

With continuous improvements in the Ripple network, we can say that 2022 is a good year for XRP. For this reason, the bullish price prediction of Ripple (XRP) in 2022 is $0.9341. On the other hand,  the bearish price prediction of Ripple (XRP) price prediction for 2022 is $0.2904.

Furthermore, with the advancements and upgrades to the Ripple ecosystem, the performance of XRP would help to reach above its current all-time high (ATH) of $3.40 very soon. But, it might also reach $2 if the investors believe that XRP is a good investment in 2022.

FAQ

1. What is Ripple (XRP)?

Ripple (XRP) is the native cryptocurrency of the XRP Ledger, Ripple’s blockchain. The blockchain works on a federated consensus mechanism that validates a transaction 4-5 seconds at lower costs. 

2. Where can you purchase Ripple (XRP)?

Ripple (XRP) has listed many crypto exchanges which include  Binance, FTX,OKX, FMFW.io, KuCoin. 

3. Will Ripple (XRP) reach a new ATH soon?

With the ongoing developments and upgrades within the Ripple (XRP) platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Ripple (XRP)?

On Jan 07, 2018, Ripple (XRP) reached its new all-time high (ATH) of $3.40.

5. Is Ripple (XRP) a good investment in 2022?

Ripple (XRP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Ripple (XRP) in the past few months, XRP is considered a good investment in 2022.

6. Can Ripple Ripple (XRP) reach $2?

Ripple (XRP) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Ripple (XRP) will hit $2 soon.

7. What will be the Ripple (XRP) price by 2023?

Ripple (XRP)price is expected to reach $3by 2023.

8. What will be the Ripple (XRP) price by 2024?

Ripple (XRP) price is expected to reach $4 by 2024.

9. What will be the Ripple (XRP) price by 2025?

Ripple (XRP) price is expected to reach $5 by 2025.

10. What will be the Ripple (XRP)price by 2026?

Ripple (XRP) price is expected to reach $6 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.