This 2022 price prediction for Ripple (XRP) is solely based on technical analysis. Some of the metrics and confluences that we considered when formulating our XRP price prediction and analysis are listed below.
The Ripple native token XRP is a cryptocurrency that investors are eagerly awaiting a bullish run during the current crypto winter. As the demand for Central Bank Digital Currency (CBDC) grows, Ripple has positioned itself to be adopted through its project Ripplenet’s private ledgers and low-cost cross-border payments.
Attijariwafa Bank, Morocco’s largest bank, recently announced a partnership with Ripple to promote XRP token-based payments to its customers.
Is XRP a good investment for 2022 based on these and other factors? Let’s find out.
What is XRP and how does it operate?
Ripple’s native digital asset, XRP, is known as XRP. As a privately-held fintech company, Ripple has developed the Ripple Network, which provides a global payment solution. This isn’t a problem for XRP, which is capable of processing 1,500 transactions per second and settling payments in just four seconds.
What is the process for purchasing XRP tokens?
XRP can be bought and sold on a variety of crypto exchanges, just like other cryptocurrencies. By purchasing XRP tokens on cryptocurrency exchanges like Binance, OKEx, ZBG, CoinTiger, and Huobi Global, users can acquire XRP.
Current Ripple (XRP) Price Trends
Ripple has lost -1.42% of its value. On March 21, 2022, the ripple price was Rs 64. Within 24 hours, the Ripple price fell by -1.32%. The current price of Ripple is Rs. 63.6125.
Furthermore, there are currently 47.66 billion XRP in circulation. Binance, Huobi Global, OKEx, FTX, Gate.io, Kraken, and Mandala Exchange are currently the most popular XRP exchanges.
Is XRP destined to surpass its current all-time high?
In 2021, XRP will be a good investment because it has already returned more than 110% to investors. It’s possible, however, that XRP’s current ATH of $3.84 achieved in January 2018 will be surpassed by 2022.
How soon will XRP hit $10?
In terms of active crypto assets, XRP is one of the few that continues to rise in value. A break above $1.9617 and a move towards $10 may be possible if the current bullish trend continues. If the bullish market continues to favour crypto, this is a certainty.
Will XRP be a good investment in 2022?
Ripple, or XRP, is one of the most rapidly rising digital assets this year. Furthermore, we can say that XRP is a good cryptocurrency to invest in this year, given the recent partnerships that have boosted its adoption, as well as its recent achievements.
Conclusion: Final Thoughts
In 2022, Ripple definitely shows signs of a promising future. XRP’s price may rise to new all-time highs as a result of recent developments in the XRP ecosystem and the broader crypto market.
According to DigitalCoin’s XRP coin price forecast for 2022, this year’s average price is expected to be $0.98. It could even reach $10 in 2022 if investors decide that XRP, along with Bitcoin and Ethereum, is a good investment, since most cryptocurrencies move in the same direction as the Bitcoin trend.