2021 is here, and there is much speculation about the future of cryptocurrency this year. In this blog, our main focus will be on Ripple and XPR price predictions. Although the performance of Ripple was rather disappointing in 2020, 2021 remains to be seen.

There are many reasons why Ripple didn’t cut it in 2020, but the global pandemic was one of the most prominent. However, if you are planning to invest in Ripple this year, this blog aims to give you some insight before making your decision.

So, let’s take a look at some of the most critical predictions about Ripple in 2021.

A Glance at the Past

With the start of 2020, Ripple’s cryptocurrency started hovering around the $0.20 level. The value of this cryptocurrency was increased by the mid of February 2020 to $0.34. This was an indicator that this currency might be the next best thing and people started investing it.

Then, March 2020 arrived, and the whole world’s economy suffered a huge step back due to COVID-19.

The demise of Ripple was inevitable as the global economy was rocked; cryptocurrency was not immune to it. By mid-March 2020, the price of the coin fell to as low as $0.11.

However, after the setback of 4 months, the cryptocurrency started to recover its loss, and by the end of November 2020, the coin’s price was $0.54. This happened in part because of XRP’s $45.6 million buybacks.

XRP’s Future: Will the Coin Gain more Value Moving Forward?

The main goal of Ripple has always been the creation of a system of payments for banks. This payment system is made to facilitate the transfer of funds both domestically and internationally. The steady recent growth of the price of Ripple hints that the new system is persuading some international banks.

If you want to invest in Ripple, you might have a good chance to make some profits out of it. However, it is important to do your research and study market trends before deciding on investing in any kind of cryptocurrency.

Going Forward: What to Expect in Coming Years?

Ripple is expanding its services. At the start of November 2020, Ripple surprised the world by filing a trademark application for their brand new product called PayString. Apart from that, they are planning to open more fronts and expand into the lending business.

So, keep a close eye on Ripple and its plans if you are really serious about investing in it.