• Bullish XRP price prediction for 2023 is $0.5660 to $0.7095.
• Ripple (XRP) price might reach $2 soon.
• Bearish XRP price prediction for 2023 is $0.3567.

In this Ripple (XRP) price prediction 2023, we will analyze the price patterns of XRP by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency.

Ripple (XRP) Current Market Status

XRP Current Market Status (Source: CoinMarketCap)​

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 2023

Ripple (XRP) ranks 6th on CoinMarketCap in terms of its market capitalization. The overview of the Ripple price prediction for 2023 is explained below with a daily time frame.



XRP/USDT Horizontal Channel Pattern (Source: TradingView)

In the above chart, Ripple (XRP) laid out a horizontal channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.

A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.

At the time of analysis, the price of Ripple (XRP) was recorded at $0.5051. If the pattern trend continues, then the price of XRP might reach the resistance levels of $0.5452 and $0.7261. If the trend reverses, then the price of XRP may fall to the support of $0.4129.

Ripple (XRP) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Ripple (XRP) in 2023.



XRP/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as the resistance and support levels of Ripple (XRP) for 2023.

XRP /USDT Support and Resistance Levels

As per the above analysis, if Ripple’s (XRP) bulls take the lead, then it might hit and break through its resistance level of $0.7095.

Conversely, if Ripple’s (XRP) bears dominate the trend, the price of XRP might plunge to $0.3567.

Ripple (XRP) Price Prediction 2023 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Ripple (XRP) are shown in the chart below.



XRP/USDT RVOL, MA, RSI (Source: TradingView)

The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders identify unusual trading activity and changes in market sentiment.

At the time of analysis, the RVOL of Ripple (XRP) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.

The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).

Notably, in the above chart, the XRP price lies above 50 MA (short-term), indicating its upward trend. Hence, XRP is in a bullish state. Although this is the current state, a trend reversal might occur.

Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.

Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.

At the time of analysis, the RSI of XRP is at 54.16. Therefore, this indicates XRP is neither overbought nor oversold. However, XRP sends out a buy signal.

Ripple (XRP) Price Prediction 2023 — ADX, RVI

In the below chart, we analyze the strength and volatility of Ripple (XRP) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).



XRP/USDT ADX, RVI (Source: TradingView)

To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.

According to the data on the above chart, the ADX of XRP lies in the range of 28.89 pointing out a strong trend.

The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of XRP lies above 50, indicating high volatility.

Comparison of XRP with BTC, ETH

Let us now compare the price movements of Ripple (XRP) with that of Bitcoin (BTC), and Ethereum (ETH).



BTC Vs ETH Vs XRP Price Comparison (Source: TradingView)

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

Ripple (XRP) Price Prediction 2024-2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ripple (XRP) between 2024 and 2030.

Ripple (XRP) Price Prediction 2024

If bulls dominate the price momentum and trend patterns, then Ripple (XRP) might successfully test and surpass its resistance levels to hit $3 by 2024.

Ripple (XRP) Price Prediction 2025

The significant upgrades in the Ripple ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Ripple (XRP) price to reach $5 by 2025.

Ripple (XRP) Price Prediction 2026

If Ripple (XRP) successfully tests its major resistance levels and continues to move upside, then it will rally to hit $7.

Ripple (XRP) Price Prediction 2027

If Ripple (XRP) sustains major resistance levels and stands as a better investment option in the market, then XRP will rally to hit $9.

Ripple (XRP) Price Prediction 2028

If Ripple (XRP) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then XRP will hit $11 by 2028.

Ripple (XRP) Price Prediction 2029

If investors flock in and continue to place their bets on Ripple (XRP), then the crypto will witness major spikes. Hence, XRP might hit $13 by 2029.

Ripple (XRP) Price Prediction 2030

By 2030, the XRP price might rally to $15 if the trend momentum aligns in favor of Ripple. Furthermore, XRP would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.

Conclusion

If Ripple (XRP) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ripple (XRP) price prediction for 2023 is $0.7095. Comparatively, the bearish Ripple (XRP) price prediction for 2023 is $0.3567.

If there is a positive elevation in the market momentum and investors’ sentiment, then Ripple (XRP) might hit $2. Furthermore, with future upgrades and advancements in the Ripple ecosystem, XRP might surpass its current all-time high (ATH) of $3.8419 and mark its new ATH.

FAQ

1. 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.

2. Where can you buy Ripple (XRP)?

Traders can trade Ripple (XRP) on the following cryptocurrency exchanges such as Binance, BTCEX, CoinW, Deepcoin, and OKX.

3. Will Ripple (XRP) record a new ATH soon?

With the ongoing developments and upgrades within the Ripple platform, Ripple (XRP) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Ripple (XRP)?

Ripple (XRP) hit its current all-time high (ATH) of $3.8419 on January 04, 2018.

5. What is the lowest price of Ripple (XRP)?

According to CoinMarketCap, XRP hit its all-time low (ATL) of $0.002802 on July 07, 2014.

6. Will Ripple (XRP) hit $2?

If Ripple (XRP) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.

7. What will be the Ripple (XRP) price by 2024?

Ripple (XRP) price might reach $3 by 2024.

8. What will be the Ripple (XRP) price by 2025?

Ripple (XRP) price might reach $5 by 2025.

9. What will be the Ripple (XRP) price by 2026?

Ripple (XRP) price might reach $7 by 2026.

10. What will be the Ripple (XRP) price by 2027?

Ripple (XRP) price might reach $9 by 2027.

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