Ripple (XRP) price prediction 2021
Ripple (XRP) often makes the news. It’s traded a lot on a daily basis and its value has increased significantly in recent years. What can we expect from Ripple (XRP) in 2021?
The difference between Ripple and XRP
But wait. First we need to explain something about Ripple and XRP. ‘Ripple’ is the name of the company behind the digital coin called ‘XRP’. The terms are used interchangeably, but now you know there’s actually a difference! Now, back to our expectations.
With XRP, Ripple wants to achieve something other than bitcoin. Ripple is explicitly looking for cooperation with financial institutions, such as banks and international payment processors. Ripple wants to set a standard for lightning-fast international payments, using XRP.
So Ripple’s approach is different than Bitcoin’s. Bitcoin in itself is an alternative to the ‘old’ financial system. But that doesn’t mean people aren’t interested. On the contrary! Many investors see a bright future for Ripple and XRP.
XRP moves along with bitcoin
Since the crean of XRP in 2012, the price has evolved considerably. In 2013, XRP’s price rose from 0.001 euro to 0.04 euro. Maybe that doesn’t seem like much, but it’s an increase of 3,900 percent!
But things went particularly fast in 2017... XRP’s price shot up, from less than 0.01 euros to the amazing high of 2.82 euros. An enormous increase of over 28,000 percent! XRP largely benefits from the price movements of bitcoin.
XRP rises the most when bitcoin is in a rising trend as well. Many analysts have high expectations for bitcoin in 2020 and 2021. This positive sentiment may very well influence XRP. We also expect XRP to benefit from the price development of bitcoin in 2021. But does that mean the peak of 2.82 euros will be surpassed in 2021? Who knows!
The news is also important
XRP was developed by Ripple. The developments around Ripple as a company therefore also influence the price of XRP. In that way you can compare XRP with a stock. For example, if there is good news about Apple, the Apple shares are also rising.
That's how it works with XRP. More than 200 banks and financial institutions are connected to RippleNet. That's Ripple's global payment network. Will there be new collaborations in 2021? Or is Ripple launching a new product? If so, it could have a major impact on the price development.
And that may seem too simple to be true, but it has happened before:
In September 2018, Ripple launched xRapid, a product that uses XRP. Following the launch, the price increased heavily.
In June 2019, Ripple closed a partnership with payment processor Moneygram. The price reacted immediately with a price increase of nine percent.
Our crystal ball is broken, so we can't know with which companies Ripple will collaborate in 2021. But what we do know is that Ripple is very active in creating collaborations, so there may just be some surprises coming our way.
Competition for Ripple?
There's a reason our crystal ball looks a little cloudy... There are parties who have the same ideas as Ripple. Think of JP Morgan Coin. The big U.S. bank JP Morgan wants to issue its own crypto coin. And that's a coin with the same purpose as XRP, namely creating a digital currency that makes international bank transactions easier.
There are other initiatives, such as Libra by Facebook. Once this enters the market and is regulated by national governments, Ripple and XRP may become superfluous. Facebook has a much larger reach, billions of people use it.
But the community behind Ripple doesn't expect any problems. They hope to see mass adoption by banks, and regularly tweet with the hashtag #XRPtheStandard. Will XRP become the standard though? That remains to be seen.
Buying Ripple starts with BLOX
As you can read above, the future of Ripple depends on several factors. Is the bitcoin price going up, or is Ripple announcing a new product or collaboration? Then we expect to see the XRP price increase.
Can’t wait to get started yourself? Check out our crypto trading app BLOX. Buying cryptocurrencies has never been this easy. Buy, sell, and manage your favourite coins, all from a single app on your smartphone. You can already start from 1 euro!
Try it out, and download the app for Android or iOS. Click the button or scan the QR code.
Start investing in XRP in 4 easy steps
BLOX is completely free to download for your iPhone or Android smartphone. Use the App Store or the Play Store and look for ‘BLOX crypto trading’. Or simply click one of the buttons below and you’ll be redirected right away. Once you’ve downloaded the app, you’re one step closer to buying ripple.
Creating an account is really easy, within a minute you’re registered. You can use your personal email address, but it’s also possible to log in with one of your social media accounts.
Fill out your name, enter your email address, and don’t forget to set up a strong password. Read the terms and conditions, and if you agree, click ‘Accept’. We’ll send you an email as verification, with a link that’s valid for 30 minutes.
Clicked all the necessary clicks? Then let’s get ready to ripple!
BLOX is super easy: you charge the credit in your account, and in no-time you can buy ripple with it.
We’ve kept it as simple as possible, so you can pay with your familiar payment methods like a bank transfer or your credit card.
So open BLOX, select the Euro icon, and top up your credit. It’s your party, so choose whatever amount you like, you can even start with just 1 EUR!
You installed BLOX, you created the account, and you charged the credit. Now, are you going to buy a nice mix of different cryptos, or are you going all-in on XRP? Perhaps you prefer to wait just a little longer to see how the price develops. The choice is yours.
Click ‘Ripple (XRP)’ on the Markets page, and check out the price developments from a previous period. Happy with what you see? Click ‘Buy’ and enter the preferred amount.
And whenever you’re ready, selling ripple (XRP) is just as fast and easy.
Scan the correct QR code with your phone and download BLOX!
The information on this website is not meant to be interpreted as investment advice. Cryptocurrency can be an interesting investment, but the price developments are extremely volatile. Never invest more than you are willing to lose.