Ripple (XRP) Price Prediction 2023 – Will XRP Hit $0.5 Soon?
In Ripple (XRP) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about XRP to analyze
- Bullish XRP price prediction is $0.4119 to $0.9387.
- Ripple (XRP) price might also reach $0.5 soon.
- Bearish XRP price prediction for 2023 is $0.3093.
In Ripple (XRP) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about XRP to analyze the future movement of the cryptocurrency.
Ripple (XRP) Current Market Status
| Current Price | $0.371235 |
| 24 – hour trading volume | $1,205,214,065 |
| 24 – hour price change | 5.8% up |
| Circulating supply | 50,343,500,506 |
| All – Time High | $3.40 (On January 07, 2018) |
What is Ripple (XRP)?
Ripple (XRP) is the native crypto of the XRP Ledger (XRPL). XRPL is an open-source public blockchain launched in 2011 by Ripple, a blockchain-based payment system. XRP is used as a transaction fee on the native network and a potential payment and investment option.
Ripple captivated the interest of investors with its distinct consensus protocol. It functions based on a federated consensus mechanism to validate transactions. The network allows any user to use the validation software and verify transactions according to their “unique node lists”. Thus, transactions are validated onto the ledger within 4-5 seconds at lower costs.
Ripple (XRP) Price Prediction 2023
Ripple (XRP) holds the 6th position on CoinGecko right now. XRP price prediction 2022 is explained below with a daily time frame.
The above chart of Ripple (XRP) laid out a descending channel pattern. Descending channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Ripple (XRP) is in the range of $0.3635. If the pattern continues, the price of XRP might reach the resistance levels of $0.5251, $0.8988, and $1.3363. If the trend reverses, then the price of XRP may fall to $0.3177.
Ripple (XRP) Support and Resistance Levels
The chart below shows the support and resistance levels of Ripple (XRP).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Ripple (XRP).
| Resistance Level 1 | $0.4119 |
| Resistance Level 2 | $0.5061 |
| Resistance Level 3 | $0.6784 |
| Resistance Level 4 | $0.9387 |
| Support Level 1 | $0.3093 |
The charts show that Ripple (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 $0.9387.
Accordingly, if the investors turn against crypto, the price of Ripple (XRP) might plummet to almost $0.3093, a bearish signal.
Ripple (XRP) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Ripple (XRP) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of XRP lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Ripple (XRP) is shown in the chart above. Notably, Ripple (XRP) price lies below 50 MA (short-term), so it is in a downtrend. Currently, XRP has entered a bearish state. Therefore, there is a possibility of a reversal trend of XRP at any time.
Meanwhile, the relative strength index (RSI) of the XRP is 47.18. This means that Ripple (XRP) is in an oversold state. However, this means a major price reversal of XRP may occur in the upcoming days. So, traders need to trade carefully.
Ripple (XRP) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Ripple (XRP). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Ripple (XRP). Currently, the ADX of XRP lies in the range of 45.6559 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Ripple (XRP). RVI measures the constant deviation of price changes over a period of time. The RVI of XRP lies below 50, indicating low volatility. In fact, the RSI of Ripple (XRP) is at 47.18 thus confirming a potential buy signal.
Comparison of XRP with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
From the above chart, we can interpret that the price action of XRP is similar to BTC and ETH . This indicates that when the price of BTC and ETH increases or decreases, the price of XRP also increases or decreases respectively.
Ripple (XRP) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Ripple (XRP) might probably attain $1 by 2023.
Ripple (XRP) Price Prediction 2025
With several upgrades in the network, Ripple (XRP) might enter a bullish trajectory. If the coin grabs the attention of major investors, XRP might rally to hit $3 by 2025.
Ripple (XRP) Price Prediction 2026
If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, XRP would rally to hit $5.
Ripple (XRP) Price Prediction 2027
If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, XRP would rally to hit $7.
Ripple (XRP) Price Prediction 2028
If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, XRP would rally to hit $9.
Ripple (XRP) Price Prediction 2029
Ripple (XRP) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, XRP would hit $11. in 2029.
Ripple (XRP) Price Prediction 2030
If investors flock in and continue to place their bets on Ripple (XRP), it would witness major spikes. XRP might hit $13 by 2030.
Conclusion
With continuous improvements in the Ripple network, we can say that 2023 is a good year for XRP. For this reason, the bullish price prediction of Ripple (XRP) in 2023 is $0.9387. On the other hand, the bearish price prediction of Ripple (XRP) for 2023 is $0.3093.
Furthermore, with the advancements and upgrades to the Ripple ecosystem, the performance of XRP would help to reach above its current all-time high (ATH) of $3.40 very soon. But, it might also reach $0.5 if the investors believe that XRP is a good investment in 2023.
FAQ
1. What is Ripple (XRP)?
Ripple (XRP) is the native cryptocurrency of the XRP Ledger, Ripple’s blockchain. The blockchain works on a federated consensus mechanism that validates a transaction 4-5 seconds at lower costs.
2. Where can you purchase Ripple (XRP)?
Ripple (XRP) has been listed on many crypto exchanges which include Binance, OKX, Bybit, KuCoin, Bitfinex and Huobi.
3. Will Ripple (XRP) reach a new ATH soon?
With the ongoing developments and upgrades within the Ripple platform, XRP has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Ripple (XRP)?
On January 07, 2018 Ripple (XRP) reached its new all-time high (ATH) of $3.40.
5. Is Ripple (XRP) a good investment in 2023?
Ripple (XRP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Ripple in the past few months, XRP is considered a good investment in 2023.
6. Can Ripple (XRP) reach $0.5?
Ripple (XRP) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Ripple (XRP) will hit $0.5 soon.
7. What will be Ripple (XRP) price by 2024?
Ripple (XRP) price is expected to reach $1 by 2024.
8. What will be Ripple (XRP) price by 2025?
Ripple (XRP) price is expected to reach $3 by 2025.
9. What will be Ripple (XRP) price by 2026?
Ripple (XRP) price is expected to reach $5 by 2026.
10. What will be Ripple (XRP) price by 2027?
Ripple (XRP) price is expected to reach $7 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
