Wondering if XRP is the best cryptocurrency to invest in as we move into 2022? With so many digital assets out there, making the right choice can be challenging.
In this article, we’ll clear the mist and offer the best XRP price prediction for the foreseeable future. Keep reading to find out if XRP could explode in the coming months.
XRP Price Prediction 2022
XRP price prediction 2022
- On the upside, XRP price prediction shows it breaking $0.78 and making it a new level of support
- An upward trajectory towards $1.19 is imminent if buyers come in. But we might see a bullish run towards $1.80 this year if Ripple finally settles its lawsuit with the US Securities and Exchange Commission
- A near-term support level of $0.52 is likely which could continue all the way to $0.40
- Any negative update from SEC will turn against its advantage, dragging prices to a $0.19 year-end price
XRP price prediction 2023
- SEC battle aside, XRP price prediction for 2023 is at $4.00 on the most bullish scenario. Greater institutional support from its growing partnerships will provide a steady momentum for the price.
- It could settle between $1.02 to $1.27 on a bad year
XRP price prediction 2025
- Analysts are torn between a year-end XRP coin price of $5.00 to $10.00 but the latter is highly improbable based on historical data
- But a more realistic Ripple price prediction shows it would go for $8.00 per piece by the end of 2025
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
XRP Price History
XRP price chart shows that the controversial crypto has experienced wild swings since its launch in 2012. Ten years into the public view, here is what happened so far:
SEC Probe
Ripple entered into a probe filed by the US Securities and Exchange Commission, accusing the latter of raising $1.4 billion from unregistered exchanges.
The SEC also pushes that XRP should be treated as a regular security asset, such as a bond and a stock, which will subject it to stricter regulations. With this, it descended from its all-time high of $3.30 hit on January 04, 2018, down 77% from ATH but up by 500% from cycle low.
Buyback Program Supports Price
Ripple hosted a high-profile buyback program worth $200 million earlier this year, helping prices to recover by 5.0% from 2021’s massive sell-off.
XRP Price Prediction 2022
XRP price prediction this year shows more optimism compared to 2021 figures. An average price of $0.86 is clear for 2022 but this could go up and down depending on how soon the SEC will release an update.
XRP price chart reveals that it is exchanging hands at $0.76, down by 1.28% for the day, while trading volume has gone up with an average of $2.3 billion daily.
Being one of the top five most-searched cryptocurrencies this year, short-term price predictions see an uptrend, supported by a bullish sentiment that is up by 20% over the last 24 hours.
Data from the Lunar Crush platform, an online activity-monitoring platform for crypto majors, shows a 65% XRP buy rating among investors.
Can it Hit $1.00 or More This Year?
Yes. Along with a strong bullish sentiment, it is likely that Ripple will breach past $1.00 again this year. This could go all the way up to $1.50 to $1.80 should it follow last year’s trading trajectory.
XRP Price Forecast Long Term Outlook
Failing to hit $2.00 in 2022 does not mean it will never make it. XRP forecast for the long term offers a more positive view versus the near term.
As of this writing, 47.90 billion out of 100.00 billion Ripple tokens have already entered into circulation. This means almost 50% of the total is already minted, increasing the chance for a long-term price hike.
XRP price prediction for 2023 shows that the average price will dwindle between $1.02 and $1.27. Should Ripple Labs welcome more partnerships and positive developments during the year, $4.00 is imminent. Breaking past $2.00 is more likely to happen in the first quarter of 2023 than it will happen by the end of this year.
XRP Price Forecast 2025
XRP price forecast 2025 has one of the most positive feedback among analysts. During such time, investors expect a conclusion to the SEC lawsuit which will buoy prices to greater stability.
An average price of $8.00 will happen in 2015, with a $4.00 support and $10.00 resistance, given Ripple’s position as one of the world’s most efficient digital payments systems.
Analysts bank on the fact that more entities will begin to adopt Ripple as a platform of choice, leading to mass adoption of XRP coin.
Is XRP the Best Crypto to Buy in 2022?
Now is a good time to buy XRP, given that $0.76 is already considered a good entry point.
Its real-world utility as a less costly and more scalable payment, with transactions happening every three to five seconds, makes it better in terms of intrinsic value versus other cryptos. It also recorded 17/30 green days over the past month which is one of the highest for February.
On the other hand, its legal case against the US Securities and Exchange Commission is a huge factor to consider. Any update on the case that favors SEC triggers a massive sell-off which makes it a highly volatile investment.
Also, for XRP coin price to multiply by 20x from the current value of $15 a token, it needs to have a $70 billion market cap which is likely not happening even in the next five years.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Lucky Block is a Better Option
We recommend shifting attention towards coins that are relatively more stable and not caught in an SEC probe.
Lucky Block is a new entrant in the crypto space that gained significant market patronage since its launch in late January. Despite being new, it currently holds the record as the fastest cryptocurrency to reach $1 billion in market capitalization which speaks about investors’ trust in its business model.
Its focus is on the virtual gaming ecosystem which is a billion-dollar industry today and allows LBLOCK holders to be part-owners of a worldwide lottery.
LBLOCK Dividend Payments
You can earn dividends from any game just by simply staking a token. It distributes 10% of the total winnings back to coin owners in every game.
The overall idea is similar to owning a stock, but you can also use the token to purchase a lottery ticket which will qualify to a game where you can win millions of dollars.
Cryptocurrency markets are highly volatile and your investments are at risk.
How to Buy Lucky Block
Here’s a simple guide on how to buy Lucky Block tokens via PancakeSwap with ease:
- Step 1: Create your account on a Binance Smart Chain-integrated wallet which can either be Trust Wallet or MetaMask
- Step 2: Copy and paste Lucky Block’s contract address on the platform: 0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb
- Step 3: Select the token you want to exchange for LBLOCK and click “Swap”
- Step 4: You made a purchase! Stake your LBLOCK or use it to purchase a lottery ticket.
Conclusion
XRP is one of the most popular coins in the crypto market today. However, its dispute versus the US SEC increases its chance to fall towards the bottom anytime.
LBLOCK is a better investment option, given its consistent dividend payouts and the lucrative future of the virtual gaming industry. Purchase your first Lucky Block token on Pancakeswap and start trading.
Cryptocurrency markets are highly volatile and your investments are at risk.
Disclaimer: The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto/NFTs are unregulated, highly risky, and there may be no regulatory recourse for any loss from such transactions. Readers to exercise caution/due diligence, and comply with all applicable laws, including but not limited to taxation laws. Above content does not constitute investment advice nor promotes, suggests or presents Crypto/NFTs to solve financial difficulties/achieve financial security/act as an alternative to employment/income opportunity.
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