Ripple (XRP) price prediction 2022
What's in store for the price of XRP this year and beyond?
Finder currently measures expert predictions of the future XRP price using 2 surveys. Our weekly survey asks a rotating panel of 5 fintech specialists whether they are bullish, bearish or neutral on XRP for the 2 weeks ahead. Our larger panel survey, last conducted in April, asks a panel of 36 industry experts for their thoughts on how XRP will perform over the next decade.
On this page, we reveal how much they think XRP will be worth if it wins or loses its case with the SEC. The report also delves into longer-term forecasts for 2025 and 2030 and whether or not it's time to buy, sell or hold the coin. All prices mentioned in this report are in US dollars.
Ripple price prediction for two weeks' time
Each week we ask our expert panel's verdict on the Ripple price in a fortnight's time. When asked this week, 0 were bullish (down 1 from last week), 2 were neutral (same as last week) and 3 were bearish (up 1 from last week) about the price of XRP for the week of 3 October 2022.
Ripple (XRP) price prediction 2022
Finder's panel expects Ripple (XRP) price to rise over 260% in 2022, jumping from its current value of $0.72 to $2.55 by the end of December 2022. However, should XRP lose its case with the SEC the panel expects its value to drop to $0.68. Unfortunately for investors, we won't know the outcome of the case until 2023.
Looking further down the road, the panel estimates XRP's value to hit $3.61 by the end of 2025 and $4.98 to close out 2030.
Matthew Harry, the head of funds at DigitalX Asset Management, while giving a fairly aggressive 2022 projection of $5 provided Ripple wins its case, doesn't see the coin having value going forward outside of speculation:
"The XRP token is worthless for anything other than speculation. The underlying technology is terrific but the token itself does not currently have a use, it simply attracts speculators as it is cheap and an easily digestible value prop – none of which is born out in the token."
Professor of finance at the University of Sussex, Carol Alexander, gave a prediction of $2.50, almost bang on the average of the panel and is confident in the token's future if Ripple beats the SEC.
"It is not like any other crypto. If it wins vs SEC, it really will start to replace SWIFT."
Founder and chairman of CoinFlip, Daniel Polotsky, thinks XRP will end 2022 worth $0.90 and sees the token relying more on hype than its actual usage.
"I believe XRP does not offer anything proprietary compared to its peers to justify its relatively large market cap. I think that the project has a lot of inflated interest due to retail investors ignoring its market cap and looking at its per-unit price (less than $1), and erroneously thinking that because it's 'so cheap' it will grow a lot faster than its peers. This is simply a great marketing trick, but eventually, the lack of fundamentals of the project will be reflected in its price as the industry matures."
Buy, sell or hold XRP?
Even with these projected price increases, less than a quarter (23%) of the panel recommends buying XRP. The bulk of the panel said (45%) you should hold onto what you've got, with 32% saying now is the time to cut bait.
What does the future hold for Terra?
In May 2022, the world looked on as Terra (LUNA) went from being worth around $120 to $0.02 in the space of two days. To remedy the situation, Terra's community decided to hard fork the LUNA chain and to airdrop former and current holders of the failed crypto new LUNA tokens.
So we now live in a world with Terra Luna Classic (LUNC) — the original token — and Terra (LUNA): LUNA 2.0. Unfortunately for those backing either of these tokens, our panel doesn't see them having a bright future.
Ramani Ramachandran the CEO and cofounder of Router Protocol said that the writing was on the wall for the downfall of Terra.
"LUNA should be a wake-up call to the industry and especially to the fawning media that understands very little about crypto and just parrots press releases. It was designed to fail, and apparently, some of the "smartest" people in the space could not see that coming."
When asked about the future prospects of LUNA 2.0, the panel think its best days are already behind it. At the time of writing LUNA is worth around $1.90 but the panel sees LUNA dipping to just $0.84 by the end of 2022 before falling further to $0.46 by 2030.
As far as Terra Luna Classic is concerned, the panel sees LUNC as having no value going forward.
The majority of the panel say that there is no recovery for the token with Bilal Hammoud the CEO of NDAX saying that the "LUNA ecosystem lost any type of credibility after the incident. I believe Platforms will delist Luna in the near future."
Patrick White the CEO of Bitwave is also out on LUNA for similar reasons adding: "Do Kwon lost all faith from the community. LUNA doesn't have a future."
Can the fork save LUNA?
At this point, it probably comes as little surprise that the majority (80%) of the panel doesn't think Terra's hard fork revival plan will be successful, with just 2% thinking the move can save LUNA.
Should exchanges supported LUNA 2.0 so quickly after LUNC's collapse?
The majority (56%) of the panel also don't think that it was appropriate for exchanges to support the LUNA 2.0 token just weeks after the collapse of LUNA classic, with only 22% supporting the move.
Dr Iwa Salami the codirector of the Centre of FinTech at the University of East London came down on the side of inappropriate saying:
"It is vital that stablecoins are regulated if the credibility of the crypto-industry is to be regained. If the main feature that is meant to guarantee stability in the space is the very source of its vulnerability, then that is a big problem that needs to be addressed and best so through regulation."
While Jason Lau the COO of Okcoin sits on the other side of the argument, saying that the move was appropriate, he adds that "in the wake of LUNA's collapse, we're noticing a flight away from algorithmic stablecoins towards fully collateralized ones. We could see more algorithmic stablecoins be challenged and return to the drawing board."
Will regulators push for stablecoins to be fully collateralized?
Speaking of collateralization, 73% of the panel think the TerraUSD collapse will mean regulators demand that stablecoins be fully collateralized by non-crypto currency assets.
Other stable coins
Another stablecoin in hot water is Tether, which saw a bank run in May 2022. As to whether Tether's reserves are adequate to cover the number of USDT tokens in circulation, the panel is fairly split, with 38% saying they do and 33% saying they do not.
What "backs" Tether's USDT is a topic of some conjecture with Tether claiming that it's now partially backed by non-US government bonds but hasn't specified which ones.
This is something the majority of the panel believe poses a risk. But how much of a risk? Roughly a quarter (24%) say it's a big risk, 39% say it's a moderate risk and 32% say the risk is small.
For Dimitrios Salampasis the director of MFinTech and Lecturer of FinTech Innovation and Entrepreneurship at Swinburne University of Technology the "lack of clarity and transparency is always risky."
Daniel Polotsky the founder and chairman of CoinFlip says that not backing USDT with dollars means that it runs the risk of of losing its peg with price fluctuations:
"Tether should do a better job of being transparent with Web3 participants. With so much daily trading volume relying on USDT, Tether should be audited by a prominent accounting firm and release the results publicly. Tether should also only back each USDT with an actual dollar, as the price of non-US government bonds can fluctuate and potentially break USDT's peg during price declines."
Will USDC take down USDT?
The overwhelming majority (78%) of the panel say that it's more of a case of when than will USDC usurp USDT as the leading stablecoin.
With so many panel members seeing USDT being dethroned by USD Coin (USDC) it's not surprising that 59% say it's time for those using USDT to switch to USDC.
Meet the panel
The actions of Ripple's competitors could also lead to rises or falls in the price of XRP, so you'll need to monitor news and developments from other similar projects. Some of the platforms to keep an eye on include:
- Stellar (XLM). Regularly listed as Ripple's main competitor, Stellar aims to offer fast, affordable and reliable cross-border payments. Developed by one of Ripple's co-founders, Jed McCaleb, Stellar has so far focused on different customers to Ripple, focusing on providing an inclusive global payments system rather than targeting major financial institutions. Find out more about how the two projects compare in our comprehensive guide.
- SWIFT. Long seen as a reliable and secure way to send cross-border payments, SWIFT has been serving banks since 1973. It's come in for some heavy criticism from blockchain advocates, but SWIFT has recently been exploring ways to speed up cross-border payments, including the use of blockchain technology.
- Visa. In November 2017, Visa introduced the pilot phase of its blockchain-based business-to-business payments service, B2B Connect. Developed with blockchain startup Chain, the service is designed to allow direct cross-border payments between institutions.
Beyond 2022: What does the future hold for Ripple?
There are interesting times ahead for XRP, and by extension, Ripple.
In late 2020 news of the SEC lawsuit crashed XRP prices by over 50%, only to rally by as much as 70% a month later in January 2021 following a pump and dump coordinated on Telegram off the back of the GameStop saga. Events like this demonstrate that XRP continues to be one of the more interesting coins for traders in search of volatility and wild price swings.
Despite a bruised image we can expect Ripple to focus on rebuilding confidence in XRP and forming partnerships with an increased number of big-name corporates. So far in the history of Ripple, we've seen many impressive announcements of the platform partnering with financial institutions that are testing its technology, including Western Union, Saudi Arabia's central bank, Santander, UniCredit, UBS and a host of others.
What many will be watching with interest throughout this year and those ahead is whether or not those banks will actually adopt Ripple's technology beyond pilot programs. If it can deliver speed, low transaction costs and scalability as promised, and beat out the competition to become the payment processor of choice for banks, there's plenty of potential for growth.
Ripple is an exciting project that certainly has the potential to become a major player in the world of payment processing. It boasts impressive financial backing and a long list of big-name corporate partners, as well as what its CEO has called a $15 billion war chest to fund future acquisitions and development.
However, whether or not it can achieve widespread adoption by, and work successfully with, the existing banking world remains to be seen. Banks are notoriously conservative and hesitant to adopt new technology, and this could be a significant barrier the project will need to overcome.
The bottom line is that you should always do your own research. Make sure you carefully consider all the factors that affect the price of Ripple before deciding whether or not to buy any XRP.
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