2023 is likely to be the next market bull trend, as many experts say. So now it is time to look for the most promising crypto coins to invest in. One of these assets is XRP. Let’s discuss it in this article and see what experts say about the future Ripple price XRP.
What is XRP?
The Ripple Labs company initially orients on working with banks and financial institutions. It released its crypto asset – XRP – a middle layer for fiat-crypto conversion. The platform allows off-chain companies to convert traditional currencies to crypto and send them anywhere in the world in a few seconds. It really takes 2 – 5 seconds to send currency, and the fee is $0.0002. These features allow Ripple to rival the popular SWIFT system used in bank services.
The Ripple Ledger is used by:
- developers who can create their projects based on the Ripple blockchain;
- financial companies and banks that facilitate money transfer functions;
- individuals who avoid lengthy and costly bank services and send money around the world immediately and at low fees.
The Ripple price does not show any huge jumps. Its maximum was fixed in January 2018 at $3. As of mid-December 2022, the rate is $0.34. The reason for this relative stability of XRP is that some crypto whales hold XRP tokens long-term.
On the other hand, the price does not grow during the market fluctuations because of the lawsuit with the SEC. The commission tries to make the Ripple company recognise the XRP token as a security. The court process does not allow the company to work on a full scale.
Will Ripple Go Up?
Regardless of the platform’s difficulties, it has over 100 large financial enterprises working with it. The prospects for XRP growth are good. Here is Ripple coin price prediction for the following years:
- 2023 – $0,59;
- 2024 – $0,87;
- 2025 – $1,28;
- 2026 – $1,88;
- 2027 – $2,68;
- 2028 – $4,29;
- 2029 – $5,87;
- 2030 – $8,05.
Looking at this prediction, we can say it makes sense to buy XRP and hold it long-term. As soon as the project’s problems with the SEC are solved, it will unlock the potential. Ripple trading is available on all big crypto exchanges, such as WhiteBIT and Binance.
