Why You Should Pay Attention To The XRP Price Predictions

Best Owie

1 year ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Over the last month, a number of XRP price predictions have dominated crypto headlines. Some of these predictions have been greatly exaggerated, but there have been some that have come up on the more realistic side. Whether or not these XRP price predictions have been probable, there are some merits to actually paying attention to them.

XRP Price Predictions Signaling Investor Outlook

Price predictions are not new to crypto and they can often be a way to gauge how investors, especially traders are looking at a cryptocurrency. In recent times, the focus has mainly been on the XRP price, and with most of the predictions being bullish, it indicates widespread bullishness across the community.

A good portion of this bullishness can be attributed to Ripple’s win over the US Securities and Exchange Commission (SEC) back in July. Following the ruling, the price of XRP jumped over 60%, reaching its highest point in a month.

Even though the US SEC has contested Judge Analisa Torres’s ruling and filed an interlocutory appeal, it has not eliminated the long-term bullish outlook for the XRP price. This is because multiple legal experts have talked about the SEC’s interlocutory filing and the consensus has mainly been a low chance of success.

Additionally, if Ripple were to emerge victorious in the interlocutory appeal as well, it would cement XRP’s status as a non-security. This would bolster the already renewed fate and signal the entrance of more institutional investors into the asset.

XRP regains footing at $0.5 | Source: XRPUSD On Tradingview.com

Looking At Some XRP Predictions

Some XRP price predictions have been more realistic than others and those take precedence in this report. One of those is the 1,100% surge predicted by crypto analyst Dark Defender, who put the altcoin’s price at $5.85 in a couple of years.

However, one analyst believes that the XRP price could rise as high as $25 following a 5,000% surge. While another analyst Oaksacorn put forward one of the most bullish predictions of XRP rising to reach the $250 level.

For Wells Fargo Manager Shannon Thorp, XRP is primed for even greater heights. Thorp points to Ripple’s rising prominence in the cross-border payments sector and as the sector is expected to reach $250 trillion, she believes this could drive the XRP price to $500.

All of these forecasts have varying timeframes for when the analysts expect them to play out. However, one thing they have in common is general bullishness toward the XRP price, especially when put into the perspective of long-term performance.

Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from CoinMarketCap, chart from TradingView.com

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.