Changelly, one of the top crypto Exchanges that also provides short and long-term predictions, has updated its predictions for XRP.
XRP has had a wild 2023, and as the year ends, the community is eager to know what the new year holds for their token and what its long-term future will be.
After a recent surge that almost saw XRP break through $0.7 in early December, the token’s price has dropped and has been trading closer to $0.6 for a while. However, according to the latest predictions from Changelly, XRP is expected to gain momentum and keep it going well into the next decade.
Read Also: Top Bitcoin Analyst Shows Three Signs of Impending XRP Price Breakout
Predictions for 2023
XRP currently sits at $0.62, holding strong as the 5th largest cryptocurrency by market cap. Changelly’s analysts anticipate XRP to reach an average price of $0.722 by the end of December, with a potential high of $0.820 and a low of $0.625.
The lowest target provided will still bring a little profit to the XRP community. If XRP can reach the maximum target, it will reach a price it hasn’t achieved since Judge Torres’s July ruling that favored XRP.
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Long-Term Outlook
Changelly’s predictions extend to 2032, painting a picture of steady growth for XRP. By 2024, the average price of the digital asset is expected to be around $0.767. The upward trend continues through 2025, with an average price of $1.46, ranging between $1.42 and $1.68.
By 2026, XRP could reach an average price of $2.10, with a minimum of $2.03 and a maximum of $2.51. The latter half of the decade promises even more exciting possibilities. XRP is projected to hit the average price of $4.35 in 2028 to surpass its all-time high. Changelly also expects XRP to reach $6.20 in 2029 and a staggering $9.64 in 2030.
Capping off the predictions, 2031 and 2032 see XRP reaching average prices of $13.60 and $19.38, respectively.
Can XRP Reach These Lofty Targets?
Several factors can contribute to XRP’s journey toward these peaks. Notable among these is increased adoption. Ripple’s technology is gaining traction in the financial sector, with major institutions like the Australian Freight and Trade Alliance having partnership talks with the company. The adoption that will come from these major partnerships could fuel demand for XRP and drive up its price.
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