Wall Street is again asking to buy shares in ripple (CCC:XRP), as the price of XRP surged on Monday. Ripple is a technology company that allows users to use their network, called RippleNet, to transfer money to and from a few sources around the world. It even offers its cryptocurrency, XRP, for people to use. The company boasts of the fastest time to settle transactions in this sector.
Overall, cryptocurrency stocks have nearly doubled over the past 10 days after some major gains last week. Now, shares are over 50 cents a share — and some believe there’s more in the Ripple store to come.
Having said that, let’s take a look at some XRP price predictions over the next couple of years:
Expert predictions for 2021
Expert forecasts for 2022-2025
- WalletInvestor: $2.32 by 2025
- Trading Education (high/low):
- 2022: $2.50 – $1.20
- 2023: $7.50 – $3.20
- 2025+: $26 – $5.60
- quinpedia: “In the next five years, XRP may advance to record prices in the vicinity of $4-8…by 2025, the price of XRP could reach $6.”
- Prime XBT: $6 for XRP
As you can see, the range in which many believe XRP can move is relatively wide. However, Ripple and XRP seem to have a very high ceiling. This makes it interesting to watch how it will move over the next month and the next five years.
XRP is up about 12% as of Monday morning.
At the date of publication, Nick Clarkson did not (directly or indirectly) hold any positions in the securities mentioned in this article.
Nick Clarkson is Web Editor at InvestorPlace.
Print article from InvestorPlace Media, https://investorplace.com/2020/11/xrp-price-prediction-how-experts-see-ripple-moving-from-new-highs-through-2025/.
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