Currently, the XRP token is ranked #6 with a market cap of $42,043,560,881.80. The maximum supply of XRP coins is about 100 billion tokens, and there is a circulating supply of 48,121,609,012 XRP tokens. The current price of the token is $0.873694, up by 0.79% in the previous 24 hours. It is traded with a market dominance of 1.96%. For the last 24 hours, the trading volume has increased by about 43.72% and stands at $3,008,912,225.72.
What is the Ripple (XRP) coin?
Ripple is a crypto payment system that Ripple Labs Inc developed. The native token of this system is XRP, which has been built to make global payments through this system. The primary purpose of Ripple is to stand against the usual money transfer system that financial institutions and the banking sector conduct.
The best feature of Ripple is that it allows sending money at a meager cost, which attracts general retail customers and banks. The key feature can be the lowest transfer cost, but another thing worth noticing is the transaction time, which is as low as five seconds per transfer.
In 2012, Chris Laren established this company with Jed McCaleb and Ryan Fuggar. He also created the XRP Ledger in 2012, an open-source cryptographic ledger powered by a peer-to-peer network of nodes.
The Ripple coin, XRP, was issued to facilitate the transactions made on the network. The token XRP can also be bought as an investment. The Ripple network not only processes transactions in XRP but also supports other cryptos, fiat currencies, and commodities. Large enterprises also use the network as a transaction platform, proving that Ripple has already secured a much wider market adoption than most cryptocurrencies. Ripple is still among the top ten cryptos despite the ongoing lawsuit against the US SEC.
Ripple (XRP) coin price history & monthly technical outlook
Let’s compare XRP’s current market cap to the previous day’s market cap. In the last 24 hours, the XRP’s value has increased by 0.71%. We can see that the market cap is also surging by 0.79%, and its fully diluted market cap stands at $87,369,399,621.10.
Over the last seven days, the XRP has risen by 2.59%. The current price of Ripple is $0.873694, which is about 77.24% below its all-time high level of $3.84, so we can say that there is a long road ahead to cover.
Ripple (XRP) coin fundamental outlook
Ripple claims to provide instant, cost-effective, and simple money transfers to all corners. Many big names from about every sector have joined the network, including Bank of America, American Express, BeeTech, Standard Chartered, SBI Remit, IndusInd Bank, Currency Cloud, Azimo, NIUM, SABB, LEMONWAY, Potual, Banco Rendimento, Cross, and much more.
Ripple uses advanced blockchain technology to make global payments more effective. It enables financial institutions to expand their markets around the world. It also eliminates the need for pre-funding by leveraging the power of XRP through its network’s on-demand liquidity service. Ripple says it is building a more inclusive financial system where people and SMEs can have better financial services.
The sales of Ripple in the fourth quarter of the previous year totaled $717.07 M, which was $491.74 M higher than the previous quarter’s sales. Ripple partnered with the Republic of Palau to develop a digital currency strategy. It also announced a $250M creator fund to evolve the NFT utility on the XRP Ledger. Ripple also partnered with Paypal to launch RippleNet, its first-ever on-demand liquidity in the Middle East. Ripple also announced a collaboration with the central bank of Bhutan to pilot a CBDC using the CBDC Private Ledger of Ripple. These were some highlights from the last quarter of 2021. Besides these, Ripple had various integrations, partnerships, and collaborations with numerous companies and banks from different countries.
In January 2022, the network’s CEO said that 2021 was the best year in the history of Ripple despite the lawsuit by the US Securities and Exchange Commission. In 2022, Ripple has also maintained its popularity as many new partnerships and projects were announced. Ripple bought back shares from its Series-C funding round at a $15 billion valuation in January.
In February, it announced a strategic partnership with Modulr to enable seamless payments in Europe and the UK. Ripple also provided technical support to STASIS in integrating EURS stablecoin on the XRP Ledger. In March, it also extended the NFT partnership with Creator Fund. Ripple has also committed 1 billion XRP to a grant program that will be used to accelerate the advancement of XRP ledger development.
With more partnerships, collaborations, and developments, it can assume that Ripple has strong fundamentals supporting its prices despite the ongoing legal battle with the SEC.
Will the Ripple (XRP) coin price reach 10 USD?
Yes, the Ripple (XRP) price can reach the $10 level in the future. The chances of Ripple crossing $10 in the near-term future will increase if the company manages to win the legal battle with the US SEC sooner than expected. However, the fundamentals are also in favor of the coin, but the road to $10 could be long with the lawsuit on track.
Ripple price prediction 2022-2025
The following is the price prediction for the XRP token for the next five years to come, made by our analysts.
Ripple price prediction 2022
With the increased use cases and expansion of products and services from Ripple, the native token of the network holds great potential. This year, it is expected to surpass the previous year in terms of achievements. Our analysts have considered the rising number of partnerships and collaborations while making this prediction about the XRP token. The coin might continue to move in a bullish trend and surpass its all-time high of $3.84 this year.
Ripple price prediction 2023
The 2023 price prediction of the XRP token suggests that it might reach somewhere between $3.8 and $4. The token is expected to remain bullish for the next year due to increased partnerships and advancements in its network.
Ripple price prediction 2024
The token was originally made to replace fiat currencies and the banking systems for money transfers. With the increased coin adoption, the XRP token might reach $6 in 2024.
Ripple price prediction 2025
The XRP token is expected to be used by many people because it is cheap and easy to use. In the long term, if the company wins its case against the SEC, it could reach $10 in 2025. However, if there is no luck for Ripple against the US SEC, then the coin could reach as high as $8 in 2025.
Top 3 questions & answers about Ripple (XRP)
Will the Ripple (XRP) coin crash?
Recently, the Bank of International Settlements (BIS) Innovation Hub, represented by countries worldwide and owned by 63 different central banks, has said that it will launch Project Dunbar. The project aims to provide cross-border transactions cheaply and efficiently. It is expected to be a major competitor to Ripple. If more projects like this continue to appear in the market, it could cause trouble for the XRP token. However, so far, the coin is giving excellent fundamentals.
Will Ripple (XRP) increase rashly?
Ripple can expect it as the network is expanding faster through collaborations and partnerships. It also has some edge over the SEC in lawsuits, which can be very healthy. However, Ripple achieved its best-ever growth rate last year despite the lawsuit, which gives traders optimistic hope. It is one of the top ten cryptocurrencies right now, and there is indeed high growth potential for the coin associated with the network.
Will Ripple (XRP) overtake BTC?
XRP is unlikely to overtake BTC as the leading crypto soon despite its unique and impressive use cases.
