Is XRP a Good Investment for Long Term? (2024)

FAQs

Is XRP a Good Investment for Long Term? ›

“Investing in XRP is risky and may not be suitable for most investors due to the high price volatility and the difficulty in predicting future trends in the cryptocurrency market,” Drozdz says.

InvestingHaven's XRP price prediction:

Our timeline analysis suggests that XRP will exceed $0.66 by the end of 2024. If materialized, it will qualify as a secular breakout; this bullish scenario will confirm our long term XRP price forecast of $9 to $10 to be hit by 2026.

Having analyzed XRP prices, cryptocurrency experts expect that the XRP rate might reach a maximum of $0.794 in September 2024. It might, however, drop to $0.590. For September 2024, the forecasted average of XRP is nearly $0.692.

XRP's potential price ceiling is a subject of much debate among analysts and investors. While some optimistic predictions suggest XRP could reach triple-digit values, a more realistic outlook based on current market trends and Ripple's use case points to a maximum XRP prices range of $5 to $10 in the next 5-10 years.

This coin has been extremely volatile in the past several years. Like its cryptocurrency peers, XRP (XRP 0.77%) has taken its investors on a roller coaster ride over the years. It has had short-lived price surges in the past, but it currently trades 85% off its peak.

AMBCrypto suggests that XRP could reach $1.33 by 2025. This prediction is based on the overall positive sentiment surrounding XRP in the long term. Analysts at Changelly have set a minimum price target for XRP by 2030 at approximately $5.21, with a potential maximum peak of around $6.31.

Theoretically, XRP might reach new heights in 10 years if the Ripple business performs well. Most experts agree that Ripple's price can rise to the $250 range–$3 in ten years based on current predictions. According to Ripple Coin News, the price of Ripple might reach $30 in ten years.

Cryptonewsz.com is even more bullish: it believes XRP will rise to $9.81 by 2030, which would turn a $10,000 investment into more than $196,000. But for XRP to turn a $10,000 investment into over $1 million, it would need to generate a 100-bagger gain. Even the most bullish forecasts fall short of those expectations.

There are several factors on which one can make an assumption regarding whether ripple will reach the price of $50 or not. However, in general terms, it's highly unlikely for Ripple to reach this level because its market cap isn't that high, and isn't likely to reach higher levels in the next five years.

However, based on historical performance and market trends, it's possible that XRP could experience growth over the next few years. Keep an eye on the news surrounding Ripple in regard to the SEC case and its ongoing developments.

Will XRP skyrocket after a lawsuit? ›

The resolution of the ongoing litigation could, paradoxically, lead to a decline in XRP's price. “Once the excitement around the lawsuit fades, we could see a drop in interest for XRP. That could, in the medium term, negatively impact its price,” Drozdz explains.

Summary: Is XRP Dead? XRP as a project is far from dead – it continues to form partnerships with financial institutions.

At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.

Cryptocurrencies, specifically altcoins like Ripple (XRP 0.54%), also known as XRP, are among the riskiest assets you can invest in. Ripple has been especially tough due to a years-long lawsuit between its creators and the SEC, a saga finally nearing its end.

David Cox, writing on the CryptoNewZ platform, anticipated that XRP could reach a high of of $1.53 by 2025, with a low of $1.06 for the same year. Another Ripple price forecast by AMBCrypto estimated the XRP price could hit a high of $2.01 in 2030, with a short term prediction of a high of $0.61 in 2024.

XRP Price Prediction 2050

Cryptocurrency analysts are ready to announce their estimations of the XRP's price. The year 2050 will be determined by the maximum XRP price of $433.04. However, its rate might drop to around $377.16. So, the expected average trading price is $392.96.

The long term sentiment, however, remains bullish and XRP could hit $0.86 in 2025. The total circulating supply of XRP as of writing this article was $56,329,375,591 and the marketcap of XRP remains at $29,966,457,075. XRP price in the longer term is expected to reach a high of $2.85 in 2035.