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Will Ripple Hit $30 In 2021: Price Prediction & Discussion

The past performance of XRP in the Ripple news throughout 2020 was kind of disappointing, especially if we take a look at the period from January 1 to October 31. However, things changed at the end of this year and as XRP started rising, many are asking..

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The past performance of XRP in the Ripple news throughout 2020 was kind of disappointing, especially if we take a look at the period from January 1 to October 31. However, things changed at the end of this year and as XRP started rising, many are asking “will Ripple hit $30 in 2021?”

The coin had risen by 24% until October 31st this year, while its peers Bitcoin (BTC) and Ether (ETH) soared by 92% and 195% until that date. In November, the value of XRP skyrocketed which was great for investors, as the coin reclaimed its previously lost title as the third-largest cryptocurrency.

All of this had many investors wondering what will the future of the XRP price be, and was the stellar hike only the beginning of a wild bullish rally. While the XRP price started the year hovering around the $0.20 levels, right now it is at $0.60 which is three times that price, and has a positive outlook for 2021.

Ripple’s price chart in 2020.

Still, the unforeseen broader market crash is what happened in March 2020. This was driven by the COVID-19 outbreak and the rising global economic uncertainty. Crypto was not immune to this major global event, and responded to the pandemic with double digit losses. XRP fell to as low as $0.11 per coin on March 13, with which it lost the status as the third largest cryptocurrency.

Then, the cryptocurrency recovered its losses. People asked “will Ripple hit the same levels again” and it responded by retracing to trade between $0.19 and $0.20 in July and August, and $0.23 to $0.25 throughout September and October.

At the time of writing, Ripple is in a good position. However, if you are asking yourself “will Ripple hit $30 in 2021,” you should know that the main goal has always been the creation of a payment system used by banks to facilitate transfer of funds in domestic and international markets. So, if higher adoption lands for the Ripple ecosystem, anything could be possible.

What is very interesting is XRP’s adoption. A few days ago, the Official Monetary and Financial Institutions Forum (OMFIF) published a report which sees blockchain technology as a potential solution for many industries. This went viral in the blockchain news, especially because OMFIF believes that the DLT technology (on which XRP operates) could address five major key issues, including “security, speed, transparency, traceability, cost and risk management.”

For now, the $1 and $2 price points are most attractive and close by.

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