Understanding Ripple Price History and What the Future Holds for XRP In 2022

Understanding Ripple Price History and What the Future Holds for XRP In 2022

Ripple is presently one of the big players in the crypto world and one of the most intriguing. Ripple is absolutely unique in its ways. Unlike other cryptos like Bitcoin and Ethereum, Ripple doesn’t market itself with decentralization. Instead, it focuses on serving the financial world, associating itself with banks, investment companies, and other financial institutions.

While this may look like a disadvantage for the cryptocurrency, Ripple has been able to prove to the market that it is rather its key success. Are you planning to buy Ripple and add it to your portfolio this year? Then you should learn a few things about the currency and what the future holds for its price. Here, we will show you a highlight of what Ripple is and its price history.

What Is Ripple?

There is a major problem in the financial world; transferring money from one bank to another takes time and involves many middlemen. This is especially true if you are sending money abroad. The recipient may not receive the money until several days or weeks because the money will have to be processed by several banks. That is also the problem Ripple was created to solve.

The cryptocurrency wants to ensure everyone can enjoy secure, fast, and almost free global transactions, regardless of the amount involved. If the two banks involved in the transaction both use the Ripple protocol, they would be able to complete transactions in only a few seconds. That is not limited only to international transactions. Domestic transactions can also enjoy fast and cheap decentralized payments enabled by the Ripple network. Thanks to the Xrapid protocol implemented by Ripple.

Ripple Price History

Ripple, and its token, XRP, have been in the market for years. As early as 2012, the token is listed on crypto marketplaces, with its price starting at $0.1 until 2014. Ripple maintained this price for some time, struggling to break the resistance until 2017, when it surged to $0.4, marking the beginning of great things for the cryptocurrency.

Towards the end of the year 2017, Ripple experienced one of its most amazing moments in the ecosystem. It took advantage of the cryptocurrency bubble that happened at the time to soar from $0.2 to a new all-time high of $3.65 in January 2018. That was about a 360 times increase in price in just a single year.

However, 2018 wasn’t a good one for the cryptocurrency community, as many cryptos suffered a severe drop in value. XRP wasn’t exempted too. The coin lost value significantly, returning to a valuation of $0.25. This continued till 2019, leaving the crypto settling at $0.5 in June 2019. 2020 wasn’t a good one for Ripple too. The cryptocurrency had a really rough time.

However, in 2021, it took advantage of the bull market and rose above the symbolic $1 level again. The market is struggling again, and as of the time of writing this post, the price of XRP is $0.75.

Ripple Price Prediction: What Experts Say About the Price of XRP In 2022

2022 is here, and every Ripple investors and enthusiasts are curious to know what to expect in the year. Things are getting better for Ripple as there seems to be a headway already in its SEC case. Until the case is solved, the price of the token will continue to increase. So, what are experts saying about the value of Ripple in 2022?

#1: TradingBeasts

Experts at TradingBeasts are quite optimistic about the performance of XRP this year. They projected that the price of XRP will move as high as $1.62 by December. Although there won’t be any sharp and high increase in its value, a solid uptrend will come as a great benefit to investors.

#2: Crypto Ground

Crypto Ground experts are also optimistic about the price of XRP in 2022. They predicted that the price would increase. Although the coin will also suffer some declines here and there, the price will likely settle at $1.28 by June and $1.85 by the end of the year.

#3: Wallet Investor

It was also an encouraging forecast from experts at Wallet Investor. They predicted that the price would likely stay above $1.70 most months of the year. And by December 2022, XRP might cross $2, but it is less likely to break above $2.5.

#4: Long Forecast

Experts at Long Forecast are also bullish about the price of Ripple in 2022. Although the market will be highly volatile, XRP price will likely sit between $1.53 and $1.87. That’s a good one compared to the price with which the token enters the year.

#5: Changelly

The platform highlighted the potential of Ripple for the year. It mentioned how much support the coin has gained from some investment biggies. The crypto also has a huge community of crypto companies and events backing it, which shows people’s belief in it. Changelly experts predict that XRP will likely experience a tremendous increase in price by the end of the year. It is likely going to grow very well in the year – more than other major cryptos in the market, crossing its previous all-time high of $3.84.

Final Note

Judging by the movement of XRP price in the previous year and what experts in the industry are saying about the cryptocurrency, the year 2022 seems to be going to be a bullish one for Ripple. If you are still sitting on the fence as to whether to invest in Ripple or not, this might be the time to make up your mind and jump on the wagon. It’s going to be a great year in the Ripple ecosystem.

Before you go, you might also want to check this post about Buy Dogecoin with PayPal.

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