Ripple (XRP) Price

XRP has been one of the key players in the crypto market. It’s due to which knowledge about the XRP price, its future and more, gets even more crucial. What started as a tool for making cross-border payments and currency transfer more efficient has turned out to be the seventh-largest cryptocurrency by market capitalization.

It has always been a unique cryptocurrency in a long list of currencies out there. While other cryptocurrencies might want to replace the conventional payment or transaction systems, Ripple aimed at making it more efficient. The cryptocurrency, Ripple has had its fair share of highs & lows.

From the Securities & Exchange Commission (SEC) proceedings to breaching the $1 mark in early 2021. So, should you bet on the XRP price now? Or is it too risky to HODL?

It depends on a list of factors based on XRP’s future performance and more. Hence, we’re going to look into how Ripple might look in a few years, its price predictions, and a lot more.

Where can I buy XRP in October 2022?

eToro is our top recommended trading platform for customers looking to buy XRP.

With over 20 million registered users and counting, the exchange has been around since 2006 (predating cryptocurrency, it began as a stock broker and still supports buying stocks) and is regulated by the FCA, CySEC and ASIC.

Where It Stands: XRP Recent Trends & Price Chart

Let’s begin with the XRP price today. How well is Ripple performing in the current market conditions?

With Bitcoin reaching a new all-time high of $68,521, on November 5th, 2021, the other cryptocurrencies were expected to follow suit.

Let’s find out the XRP price right now.

What is The XRP Price Today?

XRP price chart on Binance via Tradingview

The XRP price today, as of November 22nd, 2021 is $1.04. This means a 1-day change of 1.18% and a 7-day change of 10.79%.

The XRP stock price fell significantly last week. Adding to the drop were significant whale movements, with $14 million worth of XRP moved to an unknown wallet.

XRP’s current market capitalization stands at $50.3 billion and ranks at #7 according to CoinMarketCap.

XRP Price Live Chart

If you’re reading this at a future date, use our widget below to view the latest XRP price now.

Adjust for the timeframe you want to view and see how the XRP price has changed over the last 24 hours, 7 days, month or year.

Why Should You Invest in XRP?

Ripple (XRP) has been one of the cryptocurrencies that have been in news for one reason or another.

Whether it’s reaching its all-time high during its bullish phase in 2017, or its legal tussle with the SEC, the cryptocurrency is surely something you might stumble upon the news. So, with all the fuss about XRP around you, is it safe to invest in it?

In order to know the answer to that better, here are a few reasons why you should look forward to investing in Ripple and diversifying your crypto investment portfolio.

Security

If you have been following cryptocurrency for quite some time now, you might know of the legal and security issues involved in it. Keeping the probability of a security hindrance or interference in mind, Ripple has performed quite well. It is one of the few cryptocurrencies present that hasn’t been compromised even once since its inception.

Practicality

As we’ve mentioned above, the entire existence of XRP lies around its vision to make the global banking system more efficient rather than replacing it. This approach does seem a bit more realistic & probable.
With this approach and proper steps in the future, Ripple might help banks and the financial system around the world go through an overhaul. In case this happens, it can give substantial returns to its investors.

Predetermined Supply

What can make or break any cryptocurrency is its supply. On one hand, Bitcoin has a predetermined supply, making it valuable amongst investors. Similarly, Ethereum on the other hand doesn’t have a fixed supply. However, it is pretty difficult to bring more of it into the market.

XRP on the other hand enjoys dual benefits. It has a predetermined supply, therefore ensuring there will be no last-moment surprises leading to volatility. Secondly, when it comes to supplies, the coin has had a good run when it comes to coin distribution, which ensures there are no deliberate holds and an increase in prices.

Supports CBDCs

This might be a gamechanger for the XRP future price. We saw China recently launching its own digital currency, the Digital Yuan.

CBDCs or Central Bank-issued digital currencies can be a yardstick to measure the global acceptance of cryptocurrencies around the world. While that happens, XRP price might see huge upsides. Ripple has been advocating and helping Central Banks around the world in helping issue their digital currencies through private ledgers. This may indirectly create a sense of optimism around Ripple stock price and eventually around XRP.

Ripple Transaction Protocol

XRP has very adequately adhered to what it envisioned back when it was launched in 2012. It has been putting in a lot of effort in its Ripple Transfer Protocol.

The protocol serves as a method that eases up transactions from one person to another. It uses a secure network and is used for a variety of purposes, making it way easier than the traditional financial systems in place.

Low Price

While the prices of the likes of Bitcoin and Litecoin have surpassed way past their initial prices, making it a little far-fetched for a new investor, XRP still is a bet you can make. Hence, it makes more sense to buy XRP and invest in it for the long run over $64,000 Bitcoin.

Faster Transactions

There’s a reason why Bitcoin is being looked at as an invest & hold asset rather than a currency. It’s the transaction speed. The speeds at which Bitcoin is transacted are extremely slow and the transaction costs are shooting through the roof. This is where XRP steals the limelight. The faster transaction speeds and handling them quite efficiently cements its position as a currency with a large adoption in the future.

While these were some of the most optimistic reasons for you to invest in XRP, there are many more. Adding on to the list of reasons for investing in XRP are:

• Its case with SEC is going rather positive, raising hopes for a rally in the near future.
• Ripple has a solid core team, increasing investors’ confidence and making XRP a currency that’s here to stay.
• XRP is sustainable. Its leadership and specifically the co-founder, Chris Larsen is an advocate of environment-friendly measures against emissions due to the Proof-of-Work mining.
• XRP has a huge acceptance among some big and reputed banks, adding to its credibility.

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XRP Price Prediction & Overview

Looking at how the XRP stock price has moved after its 2017 low, it can be stated that the cryptocurrency might be one with loads of upside & at times, downsides.

It has reached an all-time high of $3.65 and plummeted to $0.15. So, how does XRP’s future price looks like?

What Did XRP Price Start At?

XRP has been listed on the crypto exchanges since way back in 2012. The founders initially listed the cryptocurrency at $0.1. Since then, Ripple saw loads of ups and downs in its prices.

Until 2014, the prices of Ripple remained low and reached a low of 0.005 dollars. However, it also experienced its first surge to $0.30. Let’s look at some events that took place, making XRP what it is today.

2013: Chris Larsen & Jed McCaleb Join XRP

The two co-founders of XRP join hands and come on board officially, creating ‘ripples’ across the industry.

2014: McCaleb Leaves & First Surge

In 2014, Jed McCaleb leaves and goes on to found the Mt Gox exchange (now defunct) and he eventually founded Stellar (XML). The same year, XRP experienced its first price surge, reaching $0.30.

2017: Peak Arrives & Expansion Plans

After hovering around somewhat the same prices between 2014-2016, 2017 saw XRP reach a new high of $0.40 due to the entire crypto bubble. This coincided with Ripple expanding into emerging markets and opening offices in Singapore and Mumbai, India.

2018: The New High

Come the year 2018, and XRP crosses all bounds to reach its all-time high to this date. The coin reached a price of around $3, riding the wave around Bitcoin and other cryptocurrencies.

2019: Funding Arrives

A Series C funding of around $200 million allows the company to work on its expansion plans.

2020: SEC Investment & Underwhelming Performance

The year 2020 saw Ripple in a legal tussle with the U.S. Securities & Exchange Commission. The investigation along with a mediocre performance in the cryptocurrency markets saw XRP price stay below the $1 mark, finally rebounding in early 2021.

What Have Been The Lowest & Highest Prices of XRP?

In early 2020, Ripple plummeted down to a low of $0.15 before regaining its position in the later months. However, most of 2020 turned out to be underwhelming for XRP’s price charts.

XRP reached an all-time high price of $3.84 in 2018 due to its partnerships with some reputable banks and institutions around the world and the overall pragmatism and confidence in cryptocurrencies around the world.

Read more Ripple price predictions here.

Compare Cryptocurrency Brokers & Exchanges

At many of the CFD brokers below skilled swing traders can open a long or short position on XRP to profit from short-term intraday swings in the Ripple price.