The triangle formation and the prospects for a bullish rebound are being challenged by the increasing volatility in the cryptocurrency market, which is impacting the price trend of XRP. Buyers are hesitant to purchase this dip because altcoins are under pressure, even as the coin rests at the support trendline. As fiat money declines in power, the crypto market is expected to rise, creating an opportunity for many traders to profit from it. Meanwhile, the number of Toncoin holders surged to 32 million in June, up from 2.9 million just a year ago. This represents a remarkable 10-fold increase, highlighting the rapidly growing popularity and adoption of the TON token in the cryptocurrency market.
Ripple CTO Explains Why XRP Price Is So Low
As mentioned above, the price collapse occurred due to the lawsuit filed by the U.S. In 2025, the price of XRP is projected to reach a new all-time high of $3.38. But if the world were to suddenly collapse, the price of XRP might settle at $2.47, bringing the average down to $2.925. https://www.tokenexus.com/ The remittances sector is expanding annually, and XRP is well-positioned to take advantage of this trend in international money transfers. And by 2025, Ripple could have achieved exponential growth thanks to its cheap transaction costs and lightning-fast transactions.
- Users have access to more than 300 USDT-margined perpetual trading pairs, which encompass numerous prominent altcoins and meme-coins.
- Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
- However, investing in digital currencies is always uncertain as the crypto market is unpredictable.
- However, after this period, listings on popular exchanges became pivotal to the coin’s considerable price rises.
- At the same time, of course, Bitcoin was cruising to an all-time high of $69,000.
- The currency is largely redundant and potentially isn’t necessary for the payments system to function.
- However, like any investment, there are risks that every investor should consider before making a decision to invest.
Will Ripple (XRP) hit $10 by 2030?
Consequently, this usually results in higher liquidity, benefiting traders by providing tighter bid-ask spreads and reducing slippage, thus enhancing overall market efficiency. Going even further back in time, the all-time high for XRP is just $3.84, and that occurred back in January 2018. That’s why I’m puzzled as to why so many investors are convinced that XRP is destined to double, triple, or even quadruple in price sometime in the near future. For the past 18 months, XRP has basically traded in a very narrow range between $0.40 and $1, with signs of a possible breakout scattered throughout. Moreover, if you zoom out and take a big-picture view of XRP’s performance over the past five years, it’s not very impressive. Even during the very peak of the last crypto bull market rally, XRP only managed to hit a high of $1.41.
Two factors behind XRP’s price retracement
No one predicted such a high interest in trading in crypto, an interest that widens to every corner of every continent. Interestingly, TON’s rising price and OI coincide with negative funding rates. TON’s price rise this year coincides with the rise in its open interest in the futures market. As of June 21, the Toncoin OI was over $263 million, compared to $17.11 million at the year’s beginning. Notcoin’s integration within the TON ecosystem allowed players to earn NOT tokens by depositing Toncoin, thereby creating a direct link between the two tokens and boosting the utility and demand for TON.
