In the cryptocurrency world, Ripple has a special position. This is primarily due to the goals pursued by the RippleNet platform. While the overwhelming majority of cryptocurrency projects are aimed at maximum decentralization and providing access to various types of payments for individuals, regardless of whether they have bank accounts, the creators of RippleNet set themselves a different task. This project is closely associated with large enterprises, banks, and investment funds, in particular:
● American Express
● Royal Bank of Canada
● Crédit Agricole
● Axis Bank
What is Ripple XRP
That is, Ripple is a company that offers a payment protocol that enables money transfers and exchange transactions. RippleNet is a payment platform dedicated to executing transactions, and XRP is the internal coin of the protocol. This coin is used by financial institutions to provide fast and secure transactions with low fees. In addition, XRP does not work on the blockchain, like most cryptocurrencies, but on the basis of a distributed ledger.
Historical XRP Data
XRP was launched in 2012. In August 2013, the coin was listed on the exchange at a price of $ 0.01. For several years, the price of the asset fluctuated in a narrow range, until the moment when the cryptocurrency market began to grow. At the beginning of 2018, the coin reached an all-time high. Its price exceeded $ 3.
After 2018, Ripple XRP fell in price, simultaneously demonstrating local highs at a level close to $ 0.5. This coin was one of the rare exceptions in the midst of the coronavirus pandemic. Against the backdrop of a general decline in the cryptocurrency market, Ripple showed growth.
XRP Pricing Factors
The cryptocurrency market is too young to be predictable. Analysts agree that Ripple XRP has good growth potential, but when it will be realized, under what circumstances, it is not known for certain. However, there are several factors that can greatly affect the price of an asset and radically change the ripple price prediction of 2025. So:
Supply and demand. Until Ripple attracts much investor attention, its value will fall or stabilize in a narrow range. The biggest impact on potential investors is the news about the company’s achievements.
Historical data. Ripple does not have impressive achievements yet, however, several peaks are displayed on the price chart over the entire history of its existence. The general trend is for growth, and most likely it will happen suddenly. Based on the analysis of historical data, a number of experts consider Ripple to be a good tool for long-term investment. If you are planning to exchange part of BTC to Shib, then you can think about purchasing XRP.
Media. The attention of the media to a particular cryptocurrency can work wonders. A few catchy headlines and the asset will rise sharply in price or fall just as sharply in value.
SEC lawsuit. This lawsuit dealt a tangible blow to Ripple’s position. Nevertheless, the court ruled in favor of Ripple and now there are grounds for more optimistic forecasts.
What Will Happen to the Price of Ripple XRP in 2025?
Analysts expect Ripple’s price to rise in 2025, showing off several new ATHs along the way. Price benchmarks in forecasts vary greatly: pessimists believe that by 2025 Ripple will trade at around $ 2. Optimists cite more impressive marks in excess of $ 5 and even $ 20.