XRP Price Prediction — Will Ripple Hit $2 Soon?

XRP Price Prediction — Will XRP Hit $2 Soon?
  • Bullish XRP price prediction is $1.1296 to $1.976.
  • XRP price will also reach $2 soon.
  • XRP bearish market price prediction for 2022 is $0.4.

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

Ripple (XRP) Current Market Status

According to coingecko, the price of XRP is $1.00 with a 24-hour trading volume of $4,830,807,742 at the time of writing. However, XRP has increased to 3.6% in the last 24 hours.

Moreover, XRP has a circulating supply of 47,247,295,769 XRP. Currently, XRP trades in cryptocurrency exchanges such as Binance, OKEx, CoinTiger, FTX, and Huobi Global.

What is Ripple (XRP)?

Ripple (XRP) is a digital asset created for payment. This is the native digital property of XRP Ledger which is an open-source, unauthorized, and decentralized blockchain technology that can resolve transactions in 3-5 seconds. It can be sent directly without the need for a central intermediary, making it a convenient tool for quickly and efficiently linking two different currencies.

It is faster, less expensive, and more scalable than any other digital asset. Ripple focuses on developing technology to help unleash new applications for Ripple (XRP) and transform global payments. Third parties are pursuing other application cases related to XRP.

XRP (XRP) Price Prediction 2022

XRP holds the 6th position on CoinGecko right now. XRP price prediction 2022 explained below with a weekly time frame.

XRP/USDT Triangle Pattern (Source: Tradingview)

A symmetrical triangle is made of a downward diagonal upward trend line and an upward diagonal downward trend line. When there is a price increase, it will inevitably break through the upper trend line to break, and in an uptrend, the price will increase or break. A lower trend line develops a breakthrough and a downward trend in which prices drop.

Currently, XRP is moving at $0.84. After this, XRP may continue to fall or rise according to the breakout. With this pattern, XRP will violate the upper trendline reaching $1.3 and $1.976  soon. If the trend reverses, then the price of XRP may fall to $0.488.

Ripple (XRP) Support and Resistance Level

The below chart shows the support and resistance level of XRP.

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

From the above daily time frame, it is clear the following are the resistance and support levels of XRP.

  • Resistance Level 1 – $1.1296
  • Resistance Level 2 – $1.4148
  • Resistance Level 3 – $1.7578
  • Resistance Level 4 – $2.1428
  • Support Level 1 – $0.7768
  • Support Level 2 – $0.5101
  • Support Level 3 – $0.4151

The charts show that 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 $2.1428.

Accordingly, if the investors turn against the crypto, the price of the XRP might plummet to almost $0.4151, a bearish signal.

XRP Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of XRP is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time compared to the previous volume for traders. From the start of November to till at the time of writing, RVOL of XRP lies below the cutoff line, representing weaker participants in the current trend.

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

More so, the XRP’s Moving Average (MA) is shown in the chart above. Currently, XRP is in a bullish state. Notably, the XRP price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of XRP at any time.

Meanwhile, the relative strength index (RSI) of the XRP is at level 55.69. This means that XRP is in an neither overbought nor oversold state. However, this means a major price reversal of XRP may occur in the upcoming days. So, traders need to trade carefully. 

XRP Price Prediction 2022 — ADX, RVI

Let us now look at XRP’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. ADX indicator is the average of the expanding price range values. Moreover, it is a component of the Directional Movement System which was developed by Welles Wilder. This DMS (Directional Movement System) measures 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 XRP. Currently, XRP lies in the range at 42.93, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of XRP. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of XRP is above the 50 level, indicating that the direction of volatility is high. In fact, XRP’s RSI is at the 55.69 level thus confirming a possibility of buy or sell signal.

Comparison of XRP with BTC, ETH

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

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

From the above chart, we can identify the trend of the ETH and BTC is moving at the same level as the downward trend. But, the recent trend of XRP moves in an upward direction.

Conclusion

With continuous improvements in the XRP network, we can say that 2022 is a good year for XRP. For this reason, the bullish price prediction of XRP in 2022 is $1.976. On the other hand,  the bearish XRP price prediction for 2022 is $0.4.

Furthermore, with the advancements and upgrades on the XRP ecosystem, the performance of XRP would rise reaching $1.3 very soon. But, it might also reach $2, if the investors believe that XRP is a good investment in 2022.

FAQ

What is XRP?

Ripple is a private financial technology company that provides global payment solutions through its own payment network Ripple Network (also known as RippleNet).

Where can you purchase XRP?

XRP has listed on many crypto exchanges which include Binance, OKEx, CoinTiger, FTX, and Huobi Global.

Will XRP reach a new ATH soon?

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

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

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

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 XRP in the past few months, XRP is considered a good investment in 2022.

Can 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 XRP (XRP) will hit $2 soon.

What will be the XRP price by 2023?

XRP (XRP) price is expected to reach $3.25 by 2023.

What will be the XRP price by 2024?

XRP (XRP) price is expected to reach $4.5 by 2024.

What will be the XRP price by 2025?

XRP (XRP) price is expected to reach $5.8 by 2025.

What will be the XRP price by 2026?

XRP (XRP) price is expected to reach $6.2 by 2026.

Disclaimer: The opinion expressed in this chart solely 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.