When picking a crypto asset for investment, you should investigate the project thoroughly, find out about its advantages and troubles, learn its social network and analyze its price chart. That is a lot of work, but the efforts are worth it because crypto investments are highly risky.
There is one controversial crypto project in the market. On the one hand, it takes leading positions in all crypto rankings, but on the other hand, its ongoing lawsuit with the SEC makes many traders think twice before dealing with this coin. Of course, we are talking about the XRP Ripple project. Let’s see what it is about and what experts forecast for its future price movements.
What is Ripple?
Ripple XRP token was released by the Ripple Labs company focusing on providing speedy and secure money transfers worldwide without middlemen. The token plays a key role in fiat and crypto conversion. `here are some characteristics of the Ripple network:
- it has a centralized type of management;
- it supports fiat and digital currencies;
- it rivals the popular SWIFT technology;
- it enables cheap and lightning-fast money transfers worldwide.
The Ripple Ledger is used by developers as the basis for their products. Also, over 100 facial corporations use this network to facilitate money transfers. Businesses and individuals also integrate Ripple to have a fast and cheap option for settlements across borders.
What is the Price of Ripple Cryptocurrency, and what Future Waits for It?
As of mid-December 2022, the XRP Ripple price is $0.36. We can see a decline from $0.95 to today’s rate over the last year, which is connected with the overall market drop this year. The Ripple price does not drop much because some crypto whales hold these tokens long-term. At the same time, it does not grow much because of an ongoing court case with the SEC, which sued Ripple for its refusal to recognise the token as a security.
So there are no significant price fluctuations for this token. However, as soon as the company solves its troubles with the commission, it will start developing on a full scale. So the project has good future prospects. Experts believe the XRP token price will reach the following indicators in the next few years:
- 2022 – $0.54
- 2023 – $0.90
- 2024 – $1.27
- 2025 – $1.63
- 2026 – $2.00
- 2027 – $2.36
- 2028 – $2.72
- 2029 – $3.09
- 2030 – $3.45.
So it is worth buying XRP in the long term. You can purchase crypto on the WhiteBIT crypto trading platform.