A recent crypto report delved into the XRP price and predicted that the cryptocurrency would surpass the $1 peg by 2024. The report also included predictions for the cryptocurrency’s pricing in the coming decades.
Monthly forecast for 2024
Popular cryptocurrency exchange, Changelly published a new XRP Price Report on January 5, with a comprehensive cryptocurrency forecast for every month in 2024.
Before laying out its predictions, the crypto exchange delved into XRP’s past successes and hurdles between 2017 and now. In 2018, when XRP reached its price peak of $3.84, the cryptocurrency was valued as the world’s second most capitalized cryptocurrency after Bitcoin.
XRP experienced a significant decrease in subsequent years, but largely recovered during the bull run in early 2021. Currently, XRP is showing a slight recovery after a three-year period legal battle with the US Securities and Exchange Commission (SEC). This optimistic sentiment and steady growth have helped restore the cryptocurrency’s reputation, paving the way for positive price predictions for XRP.
According to Changelly, the value of XRP is expected to rise by 21.68% to reach $0.714 on January 6. It is important to note that the price of XRP is trading at $0.577 at the time of writing, as reported by CoinMarketCap.
Changelly has also predicted that XRP will reach an average price of $0.68 by January 2024. With a maximum and minimum price prediction of $0.79 and $0.58 respectively.
In February, XRP is expected to trade at an average of $0.62. The maximum and minimum price predictions will reportedly be $0.64 and $0.60 respectively.
From March to October, Changelly predicted the value of XRP range from $0.5 to above $0.6, without exceeding the price limit of $0.7.
Finally, the price forecasts for November and December show one bearish trend for XRP. The cryptocurrency is expected to trade at average prices below $0.52, while XRP’s maximum and minimum trading price in December are projected at $0.54 and $0.37 respectively.
Changelly has reported that its overall price prediction for XRP in 2024 will average around $0.93. While the minimum and maximum price value of the cryptocurrency is believed to be $0.90 and $1.10 respectively.
XRP price at $0.56 | Source: XRPUSD On Tradingview.com
XRP Price Prediction for 2025 to 2050
In his analysis of XRP, Changelly provided a brief report on the price prediction of XRP from 2025 to 2050. price of XRP to reach an average of $1.33 in 2025 with a maximum and minimum price value of $1.56 and $1.28 respectively.
From 2026 through 2029, the XRP price is predicted to grow from an average of $1.84 to cross the $3 price mark and surpass $5 in 2029.
The year 2030 also leaves a strong bullish growth for the price of XRP. According to Changelly, XRP is expected to grow to an average price above $7 between 2030 and 2032, surpassing the $10 price barrier and rising to $17.32 in 2032.
The crypto exchange’s XRP price prediction for 2040 is set at an average trading price of $296.93, with a maximum and minimum price value of $341.26 and $272.51, respectively.
Finally, the price value of XRP is expected to reach a staggering average price of $446.52 by 2050. The maximum and the minimum price projection for that year is set at $493.44 and $428.69 respectively.
Featured image from CrytoRank, chart from Tradingview.com
Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.
