For those of you who have been in the crypto world for a long time, of course, you are already familiar with XRP. Yes, Ripple Inc’s cryptocurrency alerts. it always attracts attention. Even though there were ups and downs the price of XRP was quite strong throughout 2021. So, what are the predictions for the price of XRP in 2022 according to experts?
Ripple News Updates (XRP)
Experts from Fintech Finder predict that the price of XRP could increase to $2.55 by December 2022.
At the time of writing, Ripple (XRP) is the seventh largest crypto asset.
In March, Ripple announced a one billion XRP commitment to accelerate project development on the XRP Ledger.
On March 10, Ripple Labs said it had signed the first NFT maker to receive funding through the Creator Fund.
Ripple is an open-source based network that focuses on digital payment networks and currency exchange networks for processing financial transactions.
This technology facilitates the fast exchange of various forms of currency as well as gold concluding the concept of decentralized partner-to-partner. The innovation presented by Ripple eliminates the potential for processing transactions that would normally take days among conventional financial institutes, for more information p2p crypto exchange
Ripple’s native token is called XRP, which is currently ranked sixth on CoinMarketCap.
SEC Lawsuits Affect XRP Price
In December 2020, the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. According to a press release posted on the SEC’s website, the reason why the SEC filed the lawsuit is that Ripple Labs Inc. has raised more than US$1.3 billion through unlisted ongoing digital asset securities offerings.
The feud between the SEC and Ripple is heating up. Trial after trial has been tough and has increasingly launched attacks. This condition has been going on throughout 2021.
During the SEC’s investigation, it affected trading activities on XRP since the SEC first filed a lawsuit in December 2020. Even in January 2021, Coinbase had time to delist the crypto asset created by Chris Larsen.
What the XRP Price Prediction Will Look Like in 2022 to the Next Year According to Experts
DigitalCoin’s prediction for the price of XRP in 2022 estimates that the average XRP price could reach US$1.14 this year.
The site also predicts that the value of XRP coins could increase to 1.34 US dollars by 2023. In the long term, DigitalCoin said the average XRP value could reach 1.67 US dollars in 2025 and 3.51 US dollars in 2020. the year 2029.
With the price of XRP hitting the $1 mark for the first time since 2018, can XRP surpass the all-time high of $3.84 in the short term?
Some crypto asset experts, such as Peter L. Brandt, revealed via his personal Twitter account that the recent price formation shows that XRP has the potential to reach that value.
price prediction xrp 2022 according to peter Brandt
Predictions made by Gov Capital predict that XRP will reach a new high of 1.37 US dollars in February 2023 and 4.84 US dollars by the end of 2026, for more information will xrp reach 1000
After looking at some of the experts’ predictions regarding XRP in 2022, it is worth remembering that the high volatility of the crypto asset market makes it difficult to accurately predict long-term prices. In addition, external factors can also affect the value of crypto assets.
If you are interested in investing in XRP in 2022, it is always a good idea to always do your DYOR or research, and take into account the latest market trends, XRP news, technical and fundamental analysis, as well as various expert opinions before making any investment decisions.