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#Ripple is one of the leading cryptocurrencies. Ripple, which went through a very turbulent process in 2020, has been showing a very up and down chart for the last few months. In our article, we will estimate the values of Ripple in the coming period.
🚨How was the year 2020 for Ripple?
2020 was a very complicated year for our world and the cryptocurrency industry. Due to the coronavirus pandemic, the value of crypto currencies has dropped drastically. Ripple was also significantly affected by this. However, after a few months, the coins managed to recover.
With the bull run that started in Ripple, it increased its value quite significantly, but then there was a development that shook both Ripple and the cryptocurrency industry. The U.S. Securities and Exchange Commission, or SEC for short, sued Ripple over the illegal sale of securities.
This lawsuit against Ripple made a big splash in a short time. The entire cryptocurrency industry was shaken by this news. The value of Ripple's native token XRP also fell by 70%, reaching a bottom.
For Ripple, the troubles didn't just end there. Many cryptocurrency exchanges, including some of the world-famous crypto money exchanges, announced that they have delisted XRP. These exchanges included Coinbase, Kraken, and the part of Binance that handles US operations.
Following these developments, Ripple closed the year 2020 with a value of 0.2198.
🚨Why Did Ripple Fall Back?
Ripple managed to reach the ATH level, rising to $ 3.84 in January 2018 . However, it has not been able to reach these levels since then, and it has started to take place in much lower numbers. Although Ripple has also declined due to the pandemic process, the main reason for the decline was undoubtedly the policies of the Ripple company.
As Ripple is constantly releasing its native token, XRP, it has put forth to streamline the payment process, causing inflation and causing the asset to fall in value.
🚨The Impact of Ripple-Worth Companies
As you know, Ripple (XRP) is generally known as a payment tool used by institutional companies. For this reason, Ripple's price usually increases after a deal with a company is reached. These are usually short-term increases.
One of the biggest criticisms that Ripple has received is this issue. The entity only thrives after such events and does not promise a great future. It seems that Ripple company does not have such a problem either.
Ripple's biggest handicap seems to be the case filed by the SEC. It is unclear what the outcome of this case will be. Although XRP dropped by 70% in the first place , it was able to compensate for its losses in the following process.
🚨Why Ripple Will Rise?
Analysts predict that Ripple will rise. They state that the biggest reason for this is the partnerships Ripple has made. According to analysts, these partnerships will continue and therefore a bullish momentum will be seen.
It is known that Ripple has shown a great increase compared to the past years. In fact, before the SEC case was filed, it was the third largest cryptocurrency after Bitcoin and Ethereum. Now, it has been outperformed by Tether, Cardano and Polkadot, respectively, and ranks 6th.
⚡Ripple in 2021⚡
#Moody announced his predictions for Ripple in 2021. According to the research conducted by Moody, there will be changes in blockchain standards in 2021.
According to estimates, in 2021, after Ripple's new partnerships, the value of the asset may rise up to $ 2.
🚨Ripple in 2023
As a result of algorithmic analysis, it is stated that the value of XRP in 2023 will be 4.52 dollars. It is predicted that Ripple's development of its partnerships around the world will play a big role in this. The company continues to increase its contacts to increase its partnerships in South America and Europe. This could mean that more organizations and people are using XRP.
🚨Ripple in 2030🚨
Although 2030 is a far away year for us, it still needs to be evaluated. Looking at the statistics and figures, it is predicted that the value of XRP will be $ 17 in 2030. But 9 years is a long time and many things can change by this time. Considering how the cryptocurrency world has changed in 8-9 years, it is predicted that many different things may happen for 2030.
🚨It's Useful to Be Careful🚨
For Ripple's price, it is important to note that although there are some very positive reviews , Ripple still has the SEC on its neck. If Ripple loses the case, the value of the token could drop significantly. For this reason, it is necessary to think carefully before investing.