XRP to Hit $224 in 2020-2021?
Presently, XRP has some features that can prove the soonest, rallying over 100,000% to $224. According to information from @Crypto_Bitlord (Twitter), Bitlord, a famous analyst, shows some forecasts. Supporters of the XRP crypto endorsed it with immense excitement and lots of likes – as a result, such sensationalist tweets became crypto-viral. So, let’s have a look at xrp price prediction 2021.
Numbers Suggest. But Will It Be Possible?
Despite that many believers in the XRP currency hope this forecast, it seems unreasonable from strict numbers. Currently, the cryptocurrency has a circulating supply of 43,366,238,611 tokens or a liquid supply of around 28 billion tokens, per data from the market screeners.
A cost of $224 can give the crypto market capitalization more than $6 trillion. While this market income isn’t unreachable, the third-largest digital currency will never gain it with high probability.
The gross domestic product of the US is around $20 trillion. With the $224 per XRP coin, such currency will be equivalent to 30% of the US output. With this in mind, there isn’t an enterprise that is worth that amount of money.
But the xrp price prediction 2022 would be bearish. But we’ll talk about it a bit later.
Prediction Can Occur
An extended rally to $224 can happen with high possibility, but only with headlong hyperinflation or if the central bank will adopt XRP. If we talk about a 100% rally, it is a more probable situation on the crypto market.
Michael Van De Poppe, a trader at the Amsterdam Stock Exchange, recently noticed that XRP might be on the verge of posting 140% gains in the nearest months.
He emphasized that the altcoin’s temporary cost action is very similar to the bottoming pattern at the end of 2015 and 2016. That caused a massive spike in pre-crash levels. Such huge downtrends on altcoin graphs are on the verge of being “broken down,” building the base for firm reversals to the growth.
Michael Van De Poppe said, if the present situation plays out as it did in the previous years, meaning XRP will need to hold the $0.14-$0.17 range, it could grow as high as $0.473 — 140% higher than temporary costs — by the middle of 2020. But it was not to be, and we will talk about it in the next section.
Month-by-Month XRP Changes 2020
Here were some Ripple price changes for 2020:
Ripple Price Prediction 2021-2025
After examining the previous changes, let’s make a Ripple price prediction for 2021 and the next couple of years. We can say that the price will skyrocket in the upcoming time, even despite the SEC’s situation.
|Year||Average Price, $||Change, %|
XRP Price Prediction 2021
Lately, Ripple has been spending well, promoting its platform to provide a seamless transfer of money across borders worldwide. Would this be enough to make Ripple a good investment in 2021? Let us find out in this realistic xrp price prediction.
2020 seems to be a good year for Ripple. For example, this cryptocurrency’s uptrend position has a bearish price of $0.14 this March, which turns into $0.3 in mid-November.
If this bullish position remains, Ripple may have the chance to close 2020 with a price of $0.5. This crypto price can even skyrocket to $1 — $1.5 in 2021 if the market continues to favor the crypto.
However, suppose the crypto fails to maintain its position and falls below the ALMA. In that case, the crypto might slide down to the Fibonacci level of 0.5. It is 15.85% deep from its current price position. The crypto must find a way to jump back to its bullish condition as quickly as possible unless Ripple could be overcome by the bears, which is not a good sign.
So, the ripple price prediction 2022 is not so precise. But the analysts concur on one point – Ripple is still attractive for investors.