XRP Price Prediction 2022: Will Ripple Price Reach $1?

The recent months were marked by a small price correction for XRP. Still, recently, the cryptocurrency has shown a 0.08% uptrend and increased to $0.3556. What is the prediction for XRP price? What affects the XRP rate in 2022, and how Ripple’s SEC lawsuit will affect the sixth largest cryptocurrency? Let’s try to find out!

The SEC vs. Ripple Lawsuit Explained

The lawsuit against Ripple was filed by the Securities and Exchange Commission (SEC) in December 2020. The regulator, which is responsible for the US securities market, charged the company with selling securities without a license for a total of $600 million. By securities, the SEC meant cryptocurrencies.

Ripple, which is behind XRP, launched a Series C funding round in 2019 led by Tetragon Financial Group, SBI Holdings, and Route 66 Ventures. The company managed to raise $200 million. This was one of the reasons for the lawsuit. And although Ripple CEO Brad Garlinghouse ordered the shares issued during the funding round to be bought back, the court is still going on.

In addition, the case is acquiring more and more details. At the end of 2021, the Fox Business TV channel published a large-scale investigation, which claimed that SEC employees affiliated with Ethereum could be behind the lawsuit. Garlinghouse himself added fuel to the fire: he stated that the success of Ethereum was connected, among other things, with the goodwill of the Commission.

In resolving the conflict, supporters of the token have high hopes for the new head of the SEC, Gary Gensler. Prior to that, he headed the US Commodity Futures Trading Commission (CFTC). However, the rhetoric of the SEC remains the same: the crypto market needs strict regulation.

Former SEC official Joseph Hall is confident it could drag on for years, as both sides will not make concessions. Therefore, traders who are considering trading XRP should keep a close eye on its ups and downs as well as on XRP price prediction today.

XRP Price Prediction Today: Key Things to Know

After the lawsuit, some exchanges, including the largest US crypto platform Coinbase, delisted XRP. Against the backdrop of news about progress in the case, the altcoin’s price either fell or rose again. During the trial, it lost its positions in the top 5 cryptocurrencies, losing ground to bitcoin, ETH, BNB, and two popular stablecoins — USDT and USDC.

Obviously, further developments in the case can affect XRP future price prediction both positively and negatively. Now the altcoin is changing along with the crypto market, but this does not mean that the next round of litigation will not send XRP much lower than the sixth position in the ranking.

What Is the Prediction for XRP Price: Ripple Rate History

In total, there are 48.12 billion XRP in circulation on the market. At the same time, the maximum emission is limited to 1,000 billion.

What is the prediction for XRP price? Well, the all-time high of XRP was recorded in January 2018 at $3.84 per coin. Now, at the beginning of September 2022, 1 XRP is worth $0.3556; that is, it has fallen more than ten times since its all-time high.

7-Day XRP Price Chart

XRP Future Price Prediction: What Do Experts Predict?

XRP future price prediction from CryptoNewsZ gives us reasons for optimism, perhaps unnecessarily. The publication’s analysts believe that the XRP rate may exceed the all-time high of 2018 and reach about $4 in 2023. XRP price prediction for 2025 is between $4 and $8.

PricePrediction.net gives an optimistic XRP price prediction for nine years. According to analysts, the average price of Ripple will be $1.54 in 2023, $2.17 in 2024, and $3.16 in 2025.

LongForecast’s outlook, meanwhile, is much more bearish. In 2022, the Ripple rate will be at $0.87, experts are sure. By February 2023, XRP will fall to $0.61, they believe. By 2026, XRP will depreciate to only $0.16, according to LongForecast.

What Is the Best Place to Buy XRP?

If you’re wondering where to buy some XRP coins, you should definitely think about doing it at Switchere. On our platform, you have an opportunity to buy XRP in the fastest and most convenient ways using any available payment method.

Switchere is one of the most reliable online exchanges for buying cryptocurrencies. The company is a licensed provider of financial services, with guaranteed legal compliance and a secure infrastructure system for fast crypto exchange services at fair prices.

Switchere is characterized by the fastest order processing and instant delivery — in fact, you get your ordered amount of crypto within minutes after making a payment. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.

Read Next: How to Buy Ripple Crypto (XRP): A Step-by-Step Guide 2022

Conclusion

So, what is the XRP price prediction 2022? As mentioned before, everything will depend on how Ripple’s SEC lawsuit goes. However, the experts of the largest analytical platforms are cautiously optimistic. Thus, according to them, the price of XRP will range from $0.87 to $1.19.

What do you guys think? Feel free to share your XRP price prediction today in the comments below!

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