
XRP (Ripple) is one of the most well-known cryptocurrencies on the market. Using RippleNet technology and the Ripple Protocol Consensus Algorithm (RPCA), it provides fast and cheap transactions without the need for mining. Unlike Bitcoin, Ripple works on the basis of trusted nodes, which makes the system faster and more profitable. XRP is used as a medium of exchange for different currencies, providing liquidity on the network. In this article, we will look at the XRP price forecasts for the coming years and analyze the factors that affect the price of the cryptocurrency.
The maximum price of XRP was reached on 2025-01-16 and was $3.3963. The historical minimum price was recorded on 2020-03-13 and was $0.1055.
Ripple coin is the third cryptocurrency in terms of market capitalization ($184.27 billion) after Bitcoin and Ethereum.
In January 2018, XRP surpassed Ethereum in terms of market capitalization, temporarily becoming the second largest cryptocurrency after Bitcoin.
In 2023, Ripple won a lawsuit against the US Securities and Exchange Commission (SEC), which determined that the token was not a security. This fact contributed to the rise in the price of XRP in 2024.
XRP is integrated into more than 300 financial institutions around the world, including banks and payment systems such as Santander and American Express.
XRPUSD - According to wave analysis, a bullish momentum movement in XRPUSD is possible during the week. It is recommended to consider long positions with take profit at 2.940.
