There is no doubt that the emergence of Bitcoin has made waves in many world monetary markets! Since Bitcoin’s debut, numerous crypto coins have risen to the forefront of almost every news outlet. One such crypto asset known as Ripple, officially called XRP, is set to shake up an entire crypto / cross-border payments industry! For that reason, today we will detail for you the best wallet for Bitcoin and Ripple.
XRP’s goals are quite different from Bitcoin’s. Although both crypto assets allow users to control their holdings. The design of Ripple is built to be fast and to have minimal fees. Due to these attributes, Ripple’s main target customer is banks. Because it is banks that need to quickly move large amounts of money at a low cost.
Ripple is expected to eventually replace, the current standard for international bank wires. SWIFT. The downfall of SIFT will be its slow speeds and high fees. Banks have been trialing Ripple’s xRapid to transfer funds at lightning speed between third parties using XRP.
It has also disrupted traditional cross-border payment brands such as Western Union and MoneyGram. At one point Ripple acquired a stake in MoneyGram, sending its stock price skyrocketing.
Because Ripple will potentially become the new standard across so many industries, the long-term price potential of Ripple is among the highest among all crypto assets. Although short and long-term prices can be difficult to predict, in this guide we provide detailed information on the following.
- The Perspective of industry experts
- In-depth technical analysis, allowing for accurate Ripple price prediction
- Conjecture on commonly asked questions like “how high will Ripple go” and “how much will Ripple be worth in five years”
What is Ripple/XRP?
The Ripple protocol has a native cryptocurrency called XRP. As well as being the name of the blockchain network used to transfer XRP, Ripple is the company that created the crypto token. Ripple is actively helping to push its adoption by banks and other cross-border payment companies.
In addition to its speed improvements over existing cryptocurrencies, XRP is particularly attractive as a payment currency. Confirming a transaction using Bitcoin can take up to 10 minutes. Conversely, confirmations using Ripple and XRP can take as little as 5 seconds. Its excellent performance in the cryptocurrency market makes it easy to see why Ripple is considered a top investment.
The Best Wallet For Bitcoin and Ripple
Whether you are holding Bitcoin or Ripple everyone is asking what is the best wallet. I wish there was a short one or two-word answer. However, let’s set the stage for our accurate understanding.
Most crypto platforms offering XRP for earning, buying, or receiving already have a wallet to store. Every exchange and trading platform that supports XRP also provides a ripple wallet to store your coins.
XRP cryptocurrency can be transferred from these platforms using a variety of wallets. Ledger is an example of a hardware ripple wallet. There are also software ripple wallets such as Coinbase, Binance, Exodus, Abbra, Exarpy, Edge, and Atomic.
Multi-cryptocurrency wallets such as Robinhood, Binance, Coinbase, and Bitcoin IRA are rated among the best wallets for Ripple. Several are dedicated to XRP, such as Exarpy, Ripple, Bithomp, and Rippex, which are no longer available.
For those trading with fiat, Uphold is one of the best wallets for Ripple. If you are looking for the most secure hardware wallet, Ledger or another hardware wallet is the best choice.
Where to buy Ripple
In the aftermath of the USA Securities Exchange law suite against Ripple, you can no longer purchase Ripple through Coinbase. The situation is still in litigation as of the time of this writing. However, I expect that the legal reangling will soon be settled.
Can I interject my personal opinion on the SEC vs Ripple legal battle? I suspect that there is some kickback from the big banking industry in the US. With the high potential that a vast percentage of cross-border payments could soon be moving to Ripple. It is not surprising that the US banking system is pushing back.
Now! With that off my conscience! Let’s move on to the question, “Where to buy Ripple”. Since Coinbase is not currently an option my recommendation is Binance. Although I do not actively recommend (which simply means I have not personally vetted) them there are several other options such as LocalBitcoins, Bittrex, or Gemini.
History of Ripple
In 2020 and 2021, Ripple had a strong upward breakout but encountered negative news in the form of a lawsuit from the SEC. In the US, the chief US regulator claims XRP tokens are unregistered securities, and Ripple, the parent company, has offered unregistered securities to investors.
Most cryptocurrency exchanges have delisted the asset, which could cause long-term problems for the asset. Despite the regulatory challenges, the asset’s chart still shows relatively bullish technical indicators. An SEC judge, however, forced Ripple to release documents related to how the entity determined Bitcoin and Ethereum were not securities. Immediately, the coin’s price jumped to $1.
Although it has yet to reach a new all-time high, XRP is still performing relatively well despite the issues with SEC regulators.
Ripple Historical Price Data
An investor can develop a long-term ripple price prediction by reviewing historical XRP market price data. By looking at circulating supply and potential future demand we can estimate what the maximum Ripple price could be someday.
There is a cap of 100,000,000,000 XRP on the digital asset. At the height of the 2017 crypto bubble, Ripple was worth over three dollars at its all-time high. A short period later, Ripple was the most profitable asset of the year, bringing investors over 1,000% gains.
There are several crypto exchanges where it can be traded against BTC and USD. Tokens currently cost $0.90 each.
Ripple Price Prediction and Analysis
It is possible to predict future XRP price levels by using technical analysis. According to some of the industry’s brightest analysts, these are the future things to look forward to.
- December 2022 – The price of XRP is expected to rise in December 2022, according to cryptocurrency experts. A minimum trading cost of $0.349965 may be achieved this month, while a maximum trading cost of $0.379962 might be achieved. A value of $0.369963 is expected for XRP on average.
- 2023 – According to an analysis of ripple price prediction, the minimum price of XRP in 2023 will be around $0.519948. Around $0.619938 is the maximum expected price for XRP. 2023 might see a trading price of $0.539946 on average.
- 2024 – According to cryptocurrency experts’ technical analyses, XRP is expected to have a minimum and maximum price of $0.779922 and $0.909909 in 2024. Trading costs are expected to be $0.79992.
- 2025 – By 2025, it is expected that the minimum XRP price will be $1.16 and the maximum $1.36. Trading will cost an average of $1.19.
- 2026 to 30 – XRP price estimation for 2030 is the result of years of analysis of the XRP price by crypto experts. At the end of 2026, the XRP price will average $1.80. A maximum price of $9.13 is possible. As a result, the price of XRP in 2030 should average $8.01.
Note: Projections are a best guess estimate and should not be the grounds for your investment decisions. Seek your own professional advisor.
Ripple has the potential to disrupt many industries. Despite this, it now faces opposition from US regulators. According to analysts and experts, the price could rise to 12 dollars or even higher, regardless of what regulators say.
It is expected that fiat currencies will fall. Conversely, cryptocurrencies, which are hard-capped and deflationary, will rise to new heights. Despite the pushback from the old-school monetary system crypto will continue to prove its true power as the future of money.