Ripple (XRP) Price Prediction 2022 – Will XRP Hit $1 Soon?

• Bullish XRP price prediction is $0.3348 to $0.9341.
• Ripple (XRP) price might also reach $1 soon.
• Bearish XRP  price prediction for 2022 is $0.2904.

In Ripple (XRP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about XRP to analyze the future movement of the cryptocurrency. 

Ripple (XRP) Current Market Status

According to CoinGecko, the price of Ripple (XRP) is $0.33 with a 24-hour trading volume of $565,187,505 at the time of writing. However, XRP has decreased by nearly 0.5% in the last 24 hours.

Moreover, Ripple (XRP) has a circulating supply of 49,646,492,379 XRP. Ripple (XRP) trades in cryptocurrency exchanges such as Binance, FTX,OKX, FMFW.io, KuCoin. 

What is Ripple (XRP)?

Ripple (XRP) is the native crypto of the XRP Ledger (XRPL). XRPL is an open-source public blockchain launched in 2011 by Ripple, a blockchain-based payment system. XRP is used as a transaction fee on the native network and a potential payment and investment option.

Ripple captivated the interest of investors with its distinct consensus protocol. It functions based on a federated consensus mechanism to validate transactions. The network allows any user to use the validation software and verify transactions according to their “unique node lists”. Thus, transactions are validated onto the ledger within 4-5 seconds at lower costs. 

Ripple (XRP) Price Prediction 2022

Ripple (XRP) holds the 7th position on CoinGecko right now. XRP price prediction 2022 is explained below with a daily time frame.

The above chart of XRP laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. 

This pattern indicates a breakout in the price trend towards an upswing.From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Ripple (XRP) is in the range of $0.33. If the pattern continues, the price of XRP  might reach the resistance levels of $0.3591 and $0.3903. If the trend reverses, then the price of XRP may fall to $0.3184.

Ripple (XRP) Support and Resistance Levels

The chart below shows the support and resistance levels of Ripple (XRP).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Ripple (XRP). 

• Resistance Level 1 – $0.3950
• Resistance Level 2 – $0.5031
• Resistance Level 3 – $0.6743
• Resistance Level 4 – $0.9341
• Support Level  – $0.2904

The charts show that Ripple (XRP)  has performed a bullish trend over the past month. If this trend continues, XRP might run along with the bulls overtaking its resistance level at $0.9341.

Accordingly, if the investors turn against the crypto, the price of Ripple (XRP)  might plummet to almost $0.2904, a bearish signal.

Ripple (XRP) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Ripple (XRP) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of XRP lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Ripple (XRP) is shown in the chart above. Notably,  Ripple (XRP) price lies below 50 MA (short-term), so it is downward. Currently, XRP has entered a bearish state. Therefore, there is a possibility of a reversal trend of XRP at any time.

Meanwhile, the relative strength index (RSI) of the XRP is 39.64. This means that Ripple (XRP) is in a nearly oversold state. However, this means a major price reversal of XRP may occur in the upcoming days. So, traders need to trade carefully. 

Ripple (XRP) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Ripple (XRP). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Ripple (XRP). Currently, the ADX of XRP lies in the range of 6.05 and thus, it indicates a weak  trend. 

The above chart also represents the Relative Volatility Index (RVI) of Ripple (XRP). RVI measures the constant deviation of price changes over a period of time. The RVI of XRP lies below 50, indicating low volatility. In fact, the RSI of Ripple (XRP) is at 39.64 thus confirming a potential sell signal.

Comparison of XRP with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Ripple (XRP).

From the above chart, we can interpret that the price action of XRP is similar to BTC and ETH . This indicates that when  the price of  BTC and ETH  increases or decreases, the price of XRP also increases or decreases respectively.

Ripple (XRP) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Ripple (XRP) might probably attain $2 by 2023.

Ripple (XRP) Price Prediction 2024

With several upgrades in the network, Ripple (XRP) might enter a bullish trajectory. If the coin grabs the attention of major investors, XRP might rally to hit $3 by 2024. 

Ripple (XRP) Price Prediction 2025

If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, XRP would rally to hit $4. 

Ripple (XRP) Price Prediction 2026

If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, XRP would rally to hit $5. 

Ripple (XRP) Price Prediction 2027

If Ripple (XRP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, XRP would rally to hit $6. 

Ripple (XRP) Price Prediction 2028

Ripple (XRP) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, XRP would hit $7. in 2028.

Ripple (XRP) Price Prediction 2029

If investors flock in and continue to place their bets on Ripple (XRP), it would witness major spikes. XRP might hit $8 by 2029.

Ripple (XRP) Price Prediction 2030

With greater advancements in the Ripple Ecosystem, the crypto community might continue to invest in XRP for the next 8 years and drive significant price rallies for the token. Hence, Ripple (XRP) might hit $10 by 2030.

Conclusion

With continuous improvements in the Ripple network, we can say that 2022 is a good year for XRP. For this reason, the bullish price prediction of Ripple (XRP) in 2022 is $0.9341. On the other hand,  the bearish price prediction of Ripple (XRP) price prediction for 2022 is $0.2904.

Furthermore, with the advancements and upgrades to the Ripple ecosystem, the performance of XRP would help to reach above its current all-time high (ATH) of $3.40 very soon. But, it might also reach $1 if the investors believe that XRP is a good investment in 2022.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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