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Ripple (XRP) Price Prediction (March 13)

Ripple price
Ripple price

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Ripple offers a global payment solution through its network called RippleNet. The network functions on a consensus ledger called XRP Ledger. Ripple’s offerings transcend the peer-to-peer payment solutions in the market. It connects banks, payment providers, and digital asset exchanges. Also, the network offers real-time payment settlements with low transaction fees powered by the XRP token.

The increasing cryptocurrency price volatilities and high and low cycles do not exempt XRP. The coin has seen its fair share of price volatility, occasionally succumbing to the bearish trends in the crypto market.

However, its recent price actions have shown tremendous resistance to the frequent downturn in the market. 

XRP Past And Present Price Trends

Today, March 13, the XRP token slightly increased by 0.5% over the past 24 hours. The token price slightly increased from its March 12 closing price of $0.372470 to $0.374893. 

XRP has been dropping impressive price moves since this year. Historical data shows that XRP kept adding new positions despite Ripple’s ongoing legal battle with the SEC. 

The token traded above $0.4 from late January to early February before experiencing some pullbacks. That was during the weeks-long market-wide downturn in February.

At the time, XRP declined to $3.66037 on March 11 from $0.401362 recorded on February 15. However, as the broader cryptocurrency market experienced relief from the banking crisis, XRP has started regaining its footing. The coin might be gearing up for more gains. 

Data from Coingecko shows that the XRP price is over 18,800% higher than its all-time low price of $0.00268621, recorded on May 22, 2014.

XRP Price Prediction Based On Technical Indicators

Source: Tradingview

 XRP is in a sideways trend today, slightly increasing from the March 12 closing price of $0.3733. It is trading below its 50-day and 200-day Simple Moving Averages (SMA), with bearish sentiment in the short and long term.

The green candle on the daily chart today hints at the possibility of a recovery for the asset, although the bears are still active in the market. The Relative Strength Index (RSI) is currently at 46.60, dropping below the neutral zone of 50 and close to the oversold region of 30. That is also a bearish sentiment, although the RSI points upwards, reflecting today’s gains. 

XRP’s Moving Average Convergence/Divergence (MACD) has dropped below its signal line, showing a bearish trend. The red histogram bars on the chart confirm that the bears are still active in the market. XRP will likely record a price decline in the coming days before it eventually rallies.

Expert Long And Short-Term XRP Price Predictions

Experts often release periodic price predictions for cryptocurrencies, which could guide investors on possible price movements to expect from assets in the future. Many crypto analysis experts have dropped several XRP price forecasts from 2023 to 2030. 

Here are some expert price predictions for XRP

Coincodex XRP price predictions

Coincodex outlined a growth trajectory for XRP based on the internet and some top tech companies’ growth. Its prediction forecasts the XRP price to reach $0.622707 in 2024, $0.803915 in 2025, and $0.1037854 in 2026. 

Following Google’s growth trajectory, XRP would reach $0.910177 by 2024, $1.420604 in 2025, and $2.22 by 2026. Following Facebook’s growth, XRP price will rise to $1.838535 in 2024, $4.08 by 2025, and $9.05 by 2026.

ICOcreed XRP Price Prediction

ICOcreed predicted that the XRP price will reach a maximum of $0.90, a minimum of $0.75, and an average of $0.78 in 2024. It suggested that the XRP price would hit a minimum of $1.08, a maximum of $1.29, and an average of $1.12 in 2025. 

The analytics site also predicted that the XRP price would reach a minimum of $1.61, a maximum of $1.88, and an average of $1.67 in 2026.

CoinPedia Ripple (XRP) Price Prediction

CoinPedia’s price forecast for XRP stated that the token will rise to a minimum of $0.956, a maximum of $1.815, and an average of $1.351 in 2024. The crypto tracker also predicted that the XRP price rally could reach a minimum price of $1.571, an average of $2.281, and a maximum of $3.022 in 2025. 

In addition, CoinPedia predicted the Ripple token will experience a steady price increase, with occasional pullbacks, to reach a maximum price of $5.683 in 2030.

Factors That Might Influence XRP Price

Currently, XRP’s price movements are partly due to the community’s optimism for Ripple’s win in the SEC lawsuit. The anticipation for victory has inclined bullish sentiments for XRP among Ripple proponents. 

A winning for XRP could mean more adoption for the token since it would potentially be the first crypto to receive regulatory clarity. Increased adoption for XRP would boost its price, probably pushing it above $2 in the coming months.

However, other factors that might influence XRP’s price action are network developments and global partnerships. Ripple plans to work with more banks across the globe to promote its XRP-powered payment solution. These developments could boost XRP’s price, gearing it for greater heights.

But XRP is a cryptocurrency, and lows are inherent in a crypto project’s price cycles. If the bears take over the market and trading volumes slump due to some negating macroeconomic conditions, the XRP price might ebb lower.

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