XRP News and Updates
What is Ripple (XRP)?
XRP Price Movement Throughout 2021
Things That Affect XRP Price in 2021
XRP Price Prediction in 2022 According to the Experts
Is It Too Late to Buy XRP in 2022?
How To Buy XRP on Zipmex?
Some of you who have been in the crypto industry for a long time you’re already familiar with XRP. Even though there were ups and downs, the price of XRP was exceptionally high throughout 2021. So, what are the predictions for the price of XRP in 2022, according to experts?
XRP News and Updates
- According to the crypto legal experts, XRP settlement between SEC and Ripple could finally be resolved.
- FXSCrypto analyst predicted that XRP price will soon see its decrease and may trigger the bearish market.
What is Ripple (XRP)?
Ripple is an open-source-based network that focuses on digital payment networks and currency exchange networks for processing financial transactions.
This technology facilitates fast exchange to various forms of currency and gold through the concept of decentralized peer-to-peer. The innovation presented by Ripple eliminates the potential for processing transactions that would typically take days on mainstream financial institutions.
Ripple’s native token is XRP, which is currently ranked sixth on CoinMarketCap with a supply of 100 billion. XRP serves as a token to facilitate cross-border currency transfers through the Ripple network.
XRP was first released in 2012 by its co-founders, Chris Larsen and Jed McCaleb.
XRP Price Movement Throughout 2021
In January 2021, the price of XRP fell from its previous new high of 0.78 USD to a low of 0.21 USD.
The price decline was only temporary because, after that, XRP regained support from the broader market, XRP reached an all-time high (ATH) of 1.96 USD in April 2021. After that, the XRP price slid back to 0.50 USD.
Unfortunately, the SEC’s action against Ripple Labs alleges that it has raised more than 1.3 billion USD through its ongoing offering of unlisted digital asset securities.
The key to the claim is that the SEC classifies XRP as a security. This condition is different from ETH. In June, the SEC had stated that the offer and sale of ETH was not a securities transaction.
The impact of the SEC’s lawsuit against Ripple Lab led to a high sell-off. However, at the end of 2021, the value of XRP tends to stabilize at one US dollar.
XRP’s market capitalization at the time of writing is at 30 billion USD, with the price of XRP at 0.70 USD.
Things That Affect XRP Price in 2021
In December 2020, the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. According to a press release posted on the SEC’s website, the reason why the SEC filed the case is that Ripple Labs Inc. has raised more than 1.3 billion USD through offering unlisted sustainable digital asset securities.
The feud between the SEC and Ripple is heating up. Trial after trial has been challenging and has increasingly launched attacks. This condition has been going on throughout 2021.
The SEC’s investigation affected trading activity on XRP since the SEC first filed a lawsuit in December 2020. In January 2021, Coinbase even delisted XRP from their exchange.
XRP Price Prediction in 2022 According to the Experts
DigitalCoin’s prediction for the price of XRP in 2022 estimates that the average XRP price could reach 1.14 USD this year.
The site also predicts that the value of the XRP coin could increase to 1.34 USD by 2023. In the long term, DigitalCoin says the average XRP value could reach 1.67 USD in 2025 and 3.51 USD in the year 2029.
With XRP hitting the 1 USD mark for the first time since 2018, can XRP surpass the all-time high of 3.84 USD in the short term?
Several crypto experts, such as Peter L. Brandt, revealed via his personal Twitter account that the recent price formation shows that XRP has the potential to reach that value.
Based on the predictions from PricePrediction, XRP will be bullish in its long-term prognosis. According to them, the average value of XRP in 2022 will reach 1.22 USD in 2022 and reach 3.63 USD in 2025.
Meanwhile, the prediction made by Gov Capital estimates that XRP will reach a new high of 1.37 USD in February 2023 and 4.84 USD by the end of 2026.
After looking at some of the experts’ predictions regarding the price of XRP in 2022, it is worth remembering that the high volatility of the crypto market makes it difficult to predict long-term prices accurately. In addition, external factors can also affect the value of crypto assets.
You might be interested in investing in XRP in 2022. In that case, it is always a good idea to do your own research or DYOR, and dig for the latest market trends, XRP news, technical and fundamental analysis, and various expert opinions before making any investment decisions.
Is It Too Late to Buy XRP in 2022?
It’s still not too late to buy XRP in 2022, especially if you invest in crypto assets for the long term.
The world of crypto assets is unpredictable. Every crypto asset will have its ups and downs throughout the year. So is the case with XRP. Throughout 2022 there may be price fluctuations on XRP.
Not to mention that the future of XRP or Ripple is currently quite questionable since the emergence of a lawsuit with the SEC and the previous delisting by a well-known cryptocurrency exchange. Even so, if XRP can settle this lawsuit, there could potentially be a more vigorous bull run in XRP’s price.
As such, XRP is an excellent choice for investors who prefer cryptocurrency based on a top-down investment approach to diversify their portfolios.
How To Buy XRP on Zipmex?
Zipmex can be the right platform for those interested in buying and investing in XRP in 2022.
The Zipmex platform is suitable for beginners and experienced. With minimal capital or fantastic value, anyone can quickly and safely invest in crypto assets.
The following is a guide on how to buy XRP on the Zipmex app:
- Make sure your account is registered and verified with Zipmex. Details on how to register and verify KYC on Zipmex can be seen at this link.
- Before buying and selling, make sure you deposit into the Trade Wallet first.
- Open your Zipmex application and select the Trade menu with a blue circle icon. You can find it in the menu bar at the bottom.
- Select “Buy Assets” to buy the crypto asset you want
- Select the trading pair you want to buy Ripple, such as XRP/USD or XRP/USDT.
- Select the transaction method you want to use. Select Market Order for transactions that use real-time prices and Limit Orders for transaction methods at prices you set yourself.
- Enter the nominal price or the amount of the asset you want to buy.
- Click “Confirm” as a final step. Your transaction will be processed immediately. Purchase results will be automatically entered into your Trade Wallet.
Disclaimer:
The information provided in this article is not intended to provide investment or financial advice. Investment decisions should be based on the individual’s financial needs, objectives, and risk profile. We encourage readers to understand the assets and risks before making any investment entirely.
