XRP - Latest News and breaking headlines (2024)

FAQs

What's happening with XRP today? ›

The XRP price is $0.52355322, a change of 1.71% over the past 24 hours as of 11:00 p.m. The recent price action in XRP left the Read more... XRP is the native cryptocurrency of XRP Ledger, which is an open-source, public blockchain designed to facilitate faster and cheaper payments.

However, while Ether has seen a price rally due to anticipated decisions on its ETFs, similar optimism is not evident for XRP, which is not expected to attract an ETF any time soon. This disparity in market expectations contributes to the current price dip for XRP. Crypto assets are unregulated & highly speculative.

XRP's price rise today coincides with Ripple's latest motion in the ongoing lawsuit against it by the U.S. Securities and Exchange Commission (SEC) concerning the illegal sales of XRP tokens to institutions.

Most participants have between 10,000 and 50,000 XRP in their accounts. As a result, we can calculate that each participant holds a minimum amount within the stated range of XRP, resulting in an average of 53,327 XRP per participant.

Deciding when to sell Ripple depends on your individual financial goals, risk tolerance and market conditions. Consider factors like price trends, your investment timeline and potential tax implications. You may want to consult with a financial advisor and conduct thorough research before making any decisions.

Crypto hedge fund manager Thomas Kralow has a bullish price prediction of $30 per token for XRP. CryptoPotato argues that XPR could be heading for $1 per token next following its latest rally.

Can XRP price reach $100? While it's theoretically possible for XRP to reach this price, it would require substantial market shifts or a major supply reduction. If the project were to reform significantly to drive value to the XRP token, there is every chance that XRP could soar to new highs.

Legal troubles could also be why XRP has fallen 7% this year (as of April 4). This compares unfavorably to the monster 53% gain of Bitcoin and the 54% rise of the overall crypto market. Perhaps investors are slowly losing interest. It's probably best to pass on XRP right now.

Finally, Telegaon claimed the coin could trade at an average price of $25.32 in 2030, before making an XRP price prediction for 2040 of $72.06 and an XRP price prediction for 2050 of $125.14.

What is a realistic price for XRP in 2030? ›

Will XRP reach $1 any time soon? So XRP should gain plenty of value over time from Ripple's money-transfer operations, and the token also benefits from the market-moving impact of predictable Bitcoin gains. I can't promise that XRP will reach $1 per token in 2024, but the general trend line certainly points upward.

Cryptonewsz.com has a XRP forecast that says the price of Ripple will continue to climb as well, but is much more bullish than Digital Coin Price, as by 2030 they expect that the average price of of Ripple could climb to as high as $9.81.

Ripple is a company that aims to provide cross-border payment solutions to banks and financial institutions. The company's business resolves around XRP +0.40% , the native cryptocurrency of the XRP Ledger.

XRP Weaknesses

Banks, in many cases, can settle cross-border payments simpler and with less volatility using traditional currencies (USD, Euro, etc.). XRP suffers from points of centralization.

However, Schwartz pointed out that Ripple has discontinued the programmatic sales of XRP, with the company only selling its holdings through ODL transactions. The ODL transaction method is Ripple's unique payment solution that offers instantaneous cross-border transactions.

XRP is a cryptocurrency and token Ripple Labs uses to facilitate transactions on its network. XRP primarily enhances global financial transfers and the exchange of several currencies.

According to its status page Ledger Ripple (XRP) is currently up. You can check the most recent events in the 'Recent Outages and Issues' section above. How can I get notified when Ledger Ripple (XRP) is not working or have outages?

"The recent downtrend can be attributed to increased profit-taking by investors who entered the market during the downturns of 2022 and 2023, as well as ETF investors who witnessed significant price appreciation on their shares after entering the market in the early weeks of 2024," Fineqia research analyst Matteo Greco ...