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Ripple (XRP) Price Prediction 2022 – Will XRP Hit $1 Soon?

Ripple (XRP) Price Prediction 2022 – Will XRP Hit $1 Soon?

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  • The bullish XRP price forecast is $0.3348-$0.9341.
  • Ripple (XRP) price may also reach $1 soon.
  • The bearish XRP price forecast for 2022 is $0.2904.

Ripple (XRP) Price Prediction 2022 we use statistics, price patterns, RSI, RVOL and other XRP data to analyze the future movement of the cryptocurrency.

Ripple (XRP) current market status

According to CoinGecko, Ripple (XRP) is trading at $0.33 with a 24-hour trading volume of $565,187,505 at the time of writing. However, XRP is down almost 0.5% in the last 24 hours.

Additionally, Ripple (XRP) has a circulation of 49,646,492,379 XRP. Ripple (XRP) trades on cryptocurrency exchanges such as Binance, FTX, OKX, FMFW.io, KuCoin.

What is Ripple (XRP)?

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

Ripple captured the interest of investors with its clear consensus protocol. It works based on a federated consensus mechanism to validate transactions. The network allows any user to run the validation software and verify transactions against their “unique node lists”. In this way, the transactions are validated for the ledger in 4-5 seconds with lower costs.

Ripple (XRP) Price Prediction 2022

Ripple (XRP) is currently ranked 7th on CoinGecko. XRP price prediction 2022 is explained below with daily time frame.

The above XRP chart presented a Falling Wedge pattern. In a descending wedge pattern, both the upper trendline connecting the highs and the lower trendline connecting the lows converge downwards. A wedge pattern usually indicates a trend reversal. In particular, a falling wedge signifies a bullish reversal.

This pattern suggests a breakout of the price trend towards the upside. From the chart above, we can interpret that the pace of the downtrend is slowing down.

Currently, Ripple (XRP) is in the $0.33 range. If the pattern continues, XRP price may reach the $0.3591 and $0.3903 resistance levels. If the trend reverses, the price of XRP may drop to $0.3184.

Ripple (XRP) Support and Resistance Levels

The table below shows support and resistance levels for Ripple (XRP).

XRP /USDT support and resistance levels (Source: Trading view)

From the daily time frame above, we can clearly interpret the following resistance and support levels for 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

The charts show that Ripple (XRP) has risen over the past month. If this trend continues, XRP may go along with the bulls, passing its resistance level at $0.9341.

Thus, if investors turn against the crypto, the price of Ripple (XRP) may fall to close to $0.2904, which is 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 indication of how the current trading volume has changed over a period of time since the previous trading session. Currently, XRP’s RVOL is below the boundary line, indicating weak participants in the current trend.

The moving average (MA) of Ripple (XRP) is also shown in the chart above. In particular, Ripple (XRP) price is below 50 MA (short term), so it is bearish. Currently, XRP has entered bearish mode. Therefore, it is possible for XRP to reverse at any time.

Meanwhile, XRP’s Relative Strength Index (RSI) is 39.64. This means that Ripple (XRP) is almost in an oversold state. However, this means that the price of XRP may change in the coming days. So traders should trade carefully.

Ripple (XRP) Price Prediction 2022 – ADX, RVI

Now let’s take a look at the Average Directional Index (ADX) of Ripple (XRP). It helps measure the overall strength of the trend. The indicator is the average of the values ​​of the expanding Price Category. This system tries to measure the strength of price movement in positive and negative direction using DMI indicators with ADX.

The chart above represents the ADX of Ripple (XRP). Currently, XRP’s ADX is in the region of 6.05, thus indicating a weak trend.

The chart above also represents Ripple’s (XRP) Relative Volatility Index (RVI). RVI measures the constant deviation of price changes over a certain period of time. XRP’s RVI is below 50, indicating low volatility. In fact, Ripple (XRP) RSI is at 39.64, confirming a potential sell signal.

Comparison of XRP with BTC, ETH

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

BTC vs ETH vs XRP price comparison (Source: Trading view)

From the chart above, we can interpret that the price impact of XRP is similar to that of BTC and ETH. This shows that when the price of BTC and ETH rises or falls, the price of XRP also rises or falls accordingly.

Ripple (XRP) Price Prediction 2023

If bearish price action slows completely and the trend reverses, Ripple (XRP) may reach $2 by 2023.

Ripple (XRP) Price Prediction 2024

With several updates on the web, Ripple (XRP) may be on an uptrend. If the coin catches the attention of major investors, XRP could reach $3 by 2024.

Ripple (XRP) Price Prediction 2025

If Ripple (XRP) maintains high resistance levels and continues to be recognized as a better investment option among investors over the next three years, XRP will rise to $4.

Ripple (XRP) Price Prediction 2026

If Ripple (XRP) maintains major resistance levels and continues to be recognized as a better investment option among investors over the next four years, XRP will rise to $5.

Ripple (XRP) Price Prediction 2027

If Ripple (XRP) maintains high resistance levels and continues to be recognized as a better investment option among investors for the next five years, XRP will rise to $6.

Ripple (XRP) Price Prediction 2028

Ripple (XRP) maintains a strong position as a better investment option for the next six years amid highly volatile crypto market trends. Driving significant price rallies, XRP would reach $7. in 2028.

Ripple (XRP) Price Prediction 2029

If investors rally and continue to place their bets on Ripple (XRP), it would see major spikes. XRP may reach $8 by 2029.

Ripple (XRP) Price Prediction 2030

With the greater progress of the Ripple Ecosystem, the crypto community may continue to invest in XRP for the next 8 years and cause significant price rallies for the token. Therefore, Ripple (XRP) may reach $10 by 2030.

Conclusion

With the continuous improvement of the Ripple network, we can say that 2022 will be a good year for XRP. This is why Ripple (XRP) rising price forecast in 2022 is $0.9341. On the other hand, Ripple (XRP) price forecast bearish price prediction for 2022 is $0.2904.

Moreover, with developments and upgrades in the Ripple ecosystem, XRP’s performance would help it reach its current all-time high (ATH) of $3.40 very soon. But it can also reach $1 if investors believe that XRP is a good investment in 2022.

FAQ

1. What is Ripple (XRP)?

Ripple (XRP) is the original cryptocurrency of Ripple’s blockchain XRP Ledger. The blockchain works with a federated consensus mechanism that confirms a transaction in 4-5 seconds with lower costs.

2. Where can you buy Ripple (XRP)?

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

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

Due to the continuous development and updates of the Ripple (XRP) platform, it has a high chance to reach ATH soon.

4. What is Ripple’s (XRP) All Time High (ATH) currently?

On 07/01/2018 Ripple (XRP) hit a 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 most rising cryptocurrencies this year. According to the achievements of Ripple (XRP) in recent months, XRP is considered a good investment in 2022.

6. Can Ripple Ripple (XRP) Reach $1?

Ripple (XRP) is one of the active cryptos that continues to maintain bullish status. Ultimately, if this uptrend continues, Ripple (XRP) will soon reach $1.

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

The price of Ripple (XRP) is expected to reach $2 by 2023.

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

The price of Ripple (XRP) is expected to reach $3 by 2024.

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

The price of Ripple (XRP) is expected to reach $4 by 2025.

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

The price of Ripple (XRP) is expected to reach $5 by 2026.

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

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