Ripple is a company that launched the XRP cryptocurrency in 2012. The asset and the company have had an exciting journey over the years, including a lawsuit from the SEC. Despite those downsides, Ripple maintained its position in the top ten of the crypto ranking.
XRP’s daily trading volume is over $1 billion and over 5 million accounts possess this asset. If you’d like to become an owner, you can get a free XRP wallet in only a few clicks. Our guide offers more details regarding Ripple and its current and future market position, as well as the reasons that boost its price!
Where XRP Stands Today
Pure facts tell us that Ripple has a market cap of over $31.8 billion, placing XRP in the seventh spot in the crypto market. It has a 24-hour trading volume of over 3.2%, indicating a high interest in the asset.
Ripple’s maximum supply is 100,000,000,000 XRP coins. There are about 56,000,000.000 XRP coins in circulation. The XRP price is around $0.566.
If we track its price patterns, we see that the coin has gained about 5.9% compared to 12 months ago. In the shorter run, shown in monthly and weekly patterns, XRP lost some value.
Reasons for XRP Growth
The main reason that drove the price of XRP up is the latest development in the legal case between SEC and Ripple. The Securities and Exchange Commission filed a lawsuit against Ripple in 2020. It claimed that its coin offerings to investors broke the securities laws’ because they weren’t registered and approved by this authority.
The SEC vs. Ripple case gained a lot of public interest. Ripple argued that currencies and securities are two different things. Ultimately, the main judge in the case confirmed that. In the final summary judgment in August 2024, the judge confirmed that there had been no violation of federal law. However, Ripple was ordered to pay civil penalties — $125 million. That’s still considerably less than $2 billion, which is the sum that the SEC requested when filing the lawsuit.
Ripple revealed that they considered themselves victorious in the case. The news had an instant effect on the market, with XRP gaining 2% right after the case ended. While the judgment seems great for Ripple, the company also received an injunction against future violations of securities laws.
The injunction shouldn’t affect the 2024 market forecast, but it’s something to think about in the long run. Despite that, many still maintain a high level of trust in Ripple and its businesses.
Here are some other reasons why XRP could be a smart investment:
- A viable payment method. XRP is an excellent choice for affordable international transactions. Many merchants and stores worldwide accept it, increasing the coin’s practical value.
- Low price per coin. For many, it’s a psychological factor that they can acquire a crypto coin for less than $1. That provides an option to own a significant number of coins at an affordable price.
- Strong backing of the institutions. Ripple works closely with banks, digital banks, and other reputable payment providers and services.
XRP Price Forecast
Ripple is now worth around $0.56, and its price increased by over 6.3% in the last 12 months. The resolution of the legal case against SEC did have a short-term positive effect, but in the last week, price stabilization led to a small downturn.
Despite that, experts agree that XRP has an exciting future. Furthermore, some predictions even put Ripple over $1 by the end of the year. The majority, however, believe the potential gain will be somewhat lower.
XRP Price Prediction 2025
Ripple will have a good year in 2025, with the lowest price predicted at $0.8349. Pricepredictions.net believes the average price will remain around $0.85, while they put the maximum value at $0.9989.
You can find similar predictions at Cryptopolitan, with some minor differences. DigitalCoinPrice is the most optimistic source — $1.46 in 2025. That’s the maximum forecast, while they set the minimum to $1.22. Even that is twice more than the XRP’s current value, which is encouraging.
XRP Price Prediction 2025
Cryptopolitan is quite cautious with its XRP forecasts for 2025. The variations go from $1.22 to $1.46. Priceprediction.net remains at a similar level, but it puts the minimum price for 2025 at $1.24.
You notice a significant difference if you check the XRP predictions at DigitalCoinPrice. The minimum estimated value for XRP is $1.66, while the maximum is $2.01.
XRP Price Prediction 2030
The biggest question is whether Ripple can exceed its all-time high from 2018. It raised the bar several times until it reached $3.84. DigitalCoinPrice believes that XRP will be around its ATH by 2030. They put the minimum price at $3.79, with the maximum set at $4.20.
Cryptopolitan is certain that XRP will break that milestone, with the minimum price placed at $5.15. Their maximum price is $6.30, but if you ask Priceprediction.net, XRP could go all the way up to $6.75. On the other hand, that source also has the minimum for 2030 placed at $5.73. With all the forecasts in mind, it’s clear that XRP can expect significant price surges by the end of the decade.
Summary
XRP has had an exciting journey, but Ripple proved that they are a company that knows what it’s doing. They navigated a tricky lawsuit and positively ended the SEC case. That increased the trust in XRP, and investors now consider it one of the most attractive investments. Even those who weren’t interested in crypto before have added XRP to their watchlist as a potentially interesting target. Add the positive price predictions for the next few years — and you get a coin worth adding to your portfolio.
