Research by the prominent fintech platform Finder suggests that XRP may see notable price increases over the next several years. The study reveals that a panel of fintech specialists predicts XRP will average $0.66 by the end of 2024, with a potential rise to over $6 by 2030, indicating significant growth prospects for long-term investors.
XRP Price Targets for 2024
Among the experts, Sathvik Vishwanath, CEO of Unocoin Technologies, is particularly optimistic, predicting that the digital asset might surge to $1.5 by the end of 2024. At press time, XRP traded at $0.5882, and this target represents an increase of 155% and an astonishing 215% increase from its price when the analysis was done.
Vishwanath believes XRP can reach this target because of its growing influence in the cross-border payments sector and Ripple’s globe-spanning partnerships that could help boost the digital asset. However, he acknowledges that regulatory issues could still impact XRP’s future growth.
Other Experts Weigh In
John Hawkins, a lecturer at the University of Canberra, offers a bearish prediction, expecting the digital asset to fall to $0.3 by the end of 2024. Hawkins cites the legal challenges Ripple has faced, especially the lawsuit with the U.S. Securities and Exchange Commission (SEC), as factors that have negatively impacted XRP’s price.
However, the legal battle is over, and XRP’s non-security status remains unchallenged. Despite these significant positive developments, Hawkins is hesitant. He also notes that a decline in Bitcoin’s price could create a “contagion” effect, adversely affecting XRP and other cryptocurrencies, a pattern currently observed as the market experiences volatility.
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Long-Term Projections
Shubham Munde, head of research at Market Research Future, an Indian-based firm, provides the most optimistic outlook. Munde forecasts that XRP could reach $6.45 by 2030. He believes that XRP can attract investors due to its low price compared to other cryptocurrencies. He also believes that growing adoption by financial institutions and payment services could boost the digital asset.
Paul Levy, a lecturer at the University of Brighton, also holds a positive long-term view, predicting that XRP could rise to $6.1 by 2030. Levy points to the potential benefits of the latest Bitcoin halving event in April, which many analysts believe will lead to a significant increase in Bitcoin’s price.
This, in turn, could benefit XRP due to their close correlation. Although Levy warns against short-term volatility, he also highlights that the resolution of lawsuits around XRP could provide regulatory clarity, supporting its future price growth.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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