Skip to main content

What is the XRP prediction for the next bull market?

 


How has the XRP coin price moved in the last few weeks?

The XRP coin has long moved congruently with the price movements of other cryptocurrencies in the current bear market. The XRP price in the third quarter of 2022 was in a range between 0.30 and 0.40 US dollars. But in mid-September we saw the XRP price increase, while the other coins saw little movement.

The XRP coin surged from $0.38 to $0.53 in mid-September. This was an increase of about 30%. This was the first major increase in the XRP price since January. The reason for the increase was positive news surrounding the legal dispute between Ripple Labs and the American Securities and Exchange Commission .


In the last few days, the XRP price has increased with the increases in the Bitcoin price and other cryptocurrencies. However, this time the increase was lower than for other coins.

What caused the XRP coin to rise?

The increases in the XRP coin in recent weeks have significantly improved the forecast for the end of 2022. The XRP coin rose again to number 6 of the most valuable cryptocurrencies by market capitalization. But what were the reasons for the good performance of the XRP coin?


Litigation SEC, XRP Coin

In mid-September, some positive details emerged from Ripple's legal battle with the SEC. Ripple Labs, which as a company owns the majority of its XRP coins, received access to important documents that relieve the company. Furthermore, the SEC also seems interested in bringing the proceedings to an end. A termination of the legal dispute should result in a massive XRP increase in the future.


What is the XRP prediction in the next bull market?

After the increases in the XRP price in recent weeks, many investors are bullish on the XRP coin in the medium and long term. But what is the XRP forecast for the next bull market?


When is the next bull market?

If we look at cryptocurrency cycles, we see that every bear market is followed by a bull market. This cycle lasts about 4 years and is based on Bitcoin Halving, which takes place about every 4 years. After the next Bitcoin Halving in 2024, we should see a transition back to a bull market. So the next bull market is very likely in 2024 and 2025.

What is the XRP forecast for 2025?

Once we have established that we are in the bull market in 2025, we can look at what the XRP forecast looks like for the next 3 years. In the last bull market, the XRP price could not rise as much as in the previous bull market. In the late 2017 bull market, the XRP coin rose to an all-time high of $3.84. During 2021, the XRP price only rose to a value of $1.62. That was due to the ongoing litigation with the SEC. 


We can divide the forecast into 2 parts:


In the current bear market until the Bitcoin Halving, a rise to $2-3 dollars is quite possible as the litigation with the SEC is very likely to be over by 2024.

In the bull market after the halving, an increase by a factor of 10 is quite realistic.

If we make these two assumptions, we can take an XRP forecast of $20- $30 in 2025, the peak of the next bull market.


Is an investment in the XRP Coin worthwhile?

An investment in the XRP coin could be worthwhile this year if we look at our forecast for the next bull market. The XRP is actually probably one of the undervalued cryptocurrencies on the market and still has a huge potential for price growth. 

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more