The beginning of 2020 brings new predictions on the future performance of assets, among which it is impossible not to mention Ripple (XRP), which experienced a very difficult 2019.
Although it is difficult to predict the long-term performance of an asset, it is possible to speculate about its value and see if it will reflect the trend over time.
Unfortunately, there aren’t many traders and influencers in the XRP community who have written their predictions in this regard, contrary to what happens often with bitcoin (BTC).
Among those who have decided to share some predictions on Ripple, there is the Changelly platform which, referring to a long term perspective, has hypothesized the following:
- In 2020 the price of the asset will reach $ 0.46;
- In 2021, it may reach just under $0.60;
- In 2025, it looks like we’ll see an explosion to over $2.32, an increase of 1060% from today’s values.
In addition, according to their prediction, it is possible that, being a high-risk investment, it could drop to $0.04, which is not very hard considering that a competing crypto, Stellar (XLM), has lost more than half of its value in a year.
When looking at the technical analysis carried out by TradingView, the asset is characterized by sell signals, which is certainly not positive and could lead to a loss in the coming months.
In conclusion, here’s a question from a user on Quora who asked the audience an XPR price prediction for the end of 2023, receiving a nice and eloquent answer: