In the bull cycle of 2020/2021, many cryptocurrencies made huge price gains and set new all-time records.
The key currency, Bitcoin, was able to beat bull market records in 2017 by more than 225 percent at peak prices of just under $ 65,000. Altcoins also reported huge gains, as the following selection shows:
- Ethereum: Reached a peak of about $ 4,385. That’s about a 210 percent increase from the old record of $ 1,420 in 2018.
- Cardano: The new all-time record for 2021 is $ 2.46. An improvement of almost 85 percent compared to 2018.
- Coin binance: The new peak is $ 689. In 2018, the BNB traded for only $ 22. More than 3,000 percent growth.
The XRP in the bull market remained 50 percent below an all-time high
In contrast, the price development of the Ripple logo in this bull market was relatively subdued. XRP investors could expect prices to be below $ 2 on top. This left the altcoin nearly 50 percent behind the all-time high of $ 3.92 on January 4, 2018.
Among the ten most valuable cryptocurrencies by market value, XRP growth was also the weakest in the last 12 months. The price is currently about $ 0.59, less than 200 percent higher than the previous year’s level.
At first glance, this is a significant figure that competes with most other asset classes, such as Purchase of sharescan hardly be achieved. However, XRP is clearly lagging behind Bitcoin and the top altcoins. Here is a comparison of the growth rates of the other most popular coins within a year:
- Bitcoin: + 250%
- Ethereum: +765 percent
- Binance money: 1530 percent
- Cardano: + 860 percent
- Dogecoin: + 5.625 percent
- Polkados: + 255 percent
- Uniswap: +230 percent
Only the well-known Altcoins Litecoin, Bitcoin Cash and Stellar Lumens have a similar or even weaker growth rate than XRP during the year.
XRP drops back to 6th place in the encryption rating
But XRP investors are likely to have very different requirements for their investment. After all, altcoin was one of the top 3 cryptocurrencies by market value for a long time and represented Ethereum even for a short time. Meanwhile, XRP has a market capitalization of about $ 27 billion, so the investment is only in 6th place and had to get past Cardano and Binance Coin.
The reasons for the relatively poor performance of XRP are obvious. The U.S. Securities and Exchange Commission filed a lawsuit against Ripple last December. It was alleged that XRP’s sale was an unauthorized offering of securities worth more than $ 1.38 billion.
Panic sales low $ 0.17
In direct response to the survey, at the end of 2021, there was a large and panicky altcoin sale. XRP / USD decreased from approximately $ 0.8 on November 24, 2020 to $ 0.17 at the end of the year. An extreme price loss of almost 80 percent in a very short time.
Some critics have already declared the end of altcoin and predicted a $ 0 rate for XRP provided the SEC is billed. Families also respond Encryption exchanges, such as Coinbase by suspending the trading of the token.
But the process has now become a hangover, and the end is yet to be seen. What does this mean for XRP investors? You should be careful until deciding whether to sell altcoin or use a relatively cheap price now XRP to buy?
Incomplete litigation makes buying risky
It is difficult to give an unambiguous answer. Because the outcome of the ongoing proceedings cannot be predicted. If Ripple decides the process himself or at least achieves an acceptable comparison, this can raise the price massively.
Analysts ’views on the XRP are largely on the rise, and massive price increases are expected in the coming years – unless Ripple has a devastating verdict in this regard.
XRP forecast: $ 20-30 possible?
Analyst “Credible Crypto” is one of the particularly rising voices in XRP’s future price targets. He has almost 225,000 followers on Twitter and has built a very strong community behind him.
He recently announced on Twitter that he still considers the price of $ 20-30 per XRP ID to be realistic. He had set this price target before the SEC’s allegations became known and did not want to move away from it.
If you use the current XRP price of $ 0.59, altcoin could see an increase of up to 5,000 percent if the Credible Crypto forecast comes true. The fact that such growth rates have not been fundamentally excluded from the encryption market has been repeatedly demonstrated in the past – most recently with the Dogecoin price explosion, for example.
Much more cautious, but still clearly rising, are other analysts ’price forecasts for the upcoming XRP price.
A reasonable analyst will reach more than $ 2
The coin price website has a price target of $ 0.74 by the end of 2021. While this is still a long way from new all-time records, it would still be an upward trend compared to current levels, so buying Ripple could be profitable in this case.
Analysts estimate that the XRP will break the dollar price again as early as 2022 and could then rise to about $ 1.3 by the end of the year. A steady price increase to $ 1.63 (2023) and $ 1.75 (2024) could eventually narrow the price to more than $ 2 by 2025.
In the coming years, however, the coin price forecast is likely to expect consolidation at this price level. The XRP is expected to rise to only $ 2.5 by 2033.
The forecast is almost identical to the analysis on the Digital Coin Price site. According to their experts, the year-end price for XRP was $ 0.89, which is slightly higher. Analysts also expect steady growth in the coming years so that they estimate the XRP could once again trade more than $ 2 by 2026.
The price of a digital coin expects the maximum price of altcoin to be around $ 2.75 by 2028.
Wallet Investor is one of the well-known cryptographic analyst firms. Experts expect the price to rise by about 70 percent over the next 12 months. Measured at current levels, that would mean a rise in price to about a dollar.
By 2023, analysts expect up to more than 140 percent rise in current prices. Wallet Investor’s assessment will continue to be very positive in the coming years as well. According to this, XRP / USD could show more than 200 percent growth by 2024 and up to about 280 percent growth by 2025.
Analysts believe it is possible that XRP investors who buy altcoin will eventually achieve a 350 percent return by 2026. This raises the price to about $ 2.65, which is relatively close to other estimates.