XRP Price Prediction

XRP is a global system for inter-currency payments, created by Ripple Labs. The main advantage of the network is that it allows mutual transfers to anywhere in the world in just a few seconds. This makes Ripple a very attractive choice for banks that rely on a real-time payment system. The Ripple Protocol is used by more than 75 payment systems and 90 banks around the world, including UniCredit and Standard Chartered. The high speed of transfers in Ripple is due to the fact that the network is supported by 14 servers around the world. More banks are switching to Ripple, which has allowed XRP to make a huge jump in value. Now, this currency by market capitalization ranked within the top-10.In the first half of 2020, XRP has mostly followed the general crypto market, with almost $2 high in April, later pivoting to trend down. Despite the ongoing legal battle of Ripple versus the SEC, through the beginning of the summer of 2021 the Ripple team has been keeping the company’s public appearance healthy. They even spoke of the company possibly going public at some point. As a result, the prices have been kept in quite a tight range, fluctuating mostly between ~$0.8 and ~$1.0. This suggests a great deal of price control and makes the experts relatively confident in the company, with most XRP price predictions promising more than ~$1 by the end of 2022. However, XRP’s price has been influenced by Ripple’s legal troubles in the past. Relatively recently, in December 2020, there was a large dip following the SEC’s filing the lawsuit against Ripple. At that point, prices fell from ~$0.65 to less than ~$0.25 in a matter of days. So, the XRP’s price forecast for 2022 and its accuracy will heavily depend on the current…