TLDR
XRP predicted to reach $0.66 by end of 2024
Some experts forecast XRP hitting $6.45 by 2030
Bullish predictions cite XRP’s role in cross-border payments
Bearish outlooks point to regulatory challenges and market contagion
Experts divided on XRP’s short-term and long-term price potential
The cryptocurrency XRP, associated with Ripple, has been the subject of intense speculation and analysis in recent months.
A new report from fintech platform Finder has compiled predictions from a panel of industry experts, offering insights into potential price movements for XRP in the coming years.
According to the Finder research, the panel of fintech specialists predicts that XRP will close out 2024 at an average price of $0.66.
This forecast suggests moderate growth from current levels, which see XRP trading around $0.57 as of September 2024.
However, the long-term outlook painted by some experts is significantly more bullish. Several panelists project that XRP could surpass the $6 mark by 2030, representing a potential tenfold increase from today’s prices.
Sathvik Vishwanath, CEO of Unocoin Technologies, stands out as one of the most optimistic voices in the report.
Vishwanath anticipates XRP reaching $1.50 by the end of 2024, citing the cryptocurrency’s growing role in facilitating cross-border payments and Ripple’s partnerships with major financial institutions as key drivers for this potential surge.
On the other end of the spectrum, John Hawkins, a lecturer at the University of Canberra, offers a more conservative projection. Hawkins suggests XRP might close 2024 at $0.30, representing a significant drop from current levels.
XRP Price on CoinGecko
He points to the lingering effects of Ripple’s legal battles with the U.S. Securities and Exchange Commission (SEC) as a factor that could continue to weigh on XRP’s price, despite the recent ruling in Ripple’s favor.
Looking further ahead, Shubham Munde, head of research at Market Research Future, provides the most optimistic long-term forecast.
Munde envisions XRP reaching $6.45 by 2030, attributing this potential growth to XRP’s relatively low price compared to other major cryptocurrencies and its increasing adoption by financial institutions.
Paul Levy, a lecturer at the University of Brighton, also shares a positive long-term outlook, predicting XRP could hit $6.10 by 2030. Levy suggests that XRP might benefit from the recent Bitcoin halving event and growing regulatory clarity following the resolution of Ripple’s legal challenges.
The experts cited in the Finder report acknowledge various risks that could affect XRP’s trajectory. These include potential regulatory hurdles, despite recent favorable rulings, and the possibility of contagion effects from price movements in larger cryptocurrencies like Bitcoin.
The post XRP Price Forecast: Expert Panel Shares 2024 and 2030 Predictions appeared first on Blockonomi.