XRP to Reach $29.32? Bitwise Shares Price Forecast and Timeline

Cryptocurrency asset manager Bitwise has provided a long-term price forecast for XRP, outlining both bullish and bearish scenarios for the token. According to its latest analysis, XRP could experience a significant price surge, reaching as high as $29.32 by 2030. However, if adoption struggles and institutional interest declines, the token could drop as low as $0.13 within the same timeframe.

Bitwise’s Price Scenarios

Bitwise’s projections are based on the capital asset pricing model (CAPM) and consider different market conditions. In the most optimistic outlook, referred to as the “max scenario,” XRP would see widespread adoption in the payments and tokenization sectors. If this happens, its market capitalization could expand to $2.9 trillion, exceeding the current valuation of Microsoft. This level of growth would push the token’s price to $29.32 by the end of the decade.

In the “bull scenario,” XRP would still experience significant price growth, albeit at a more moderate pace. Under this scenario, the token would maintain steady network expansion but would not secure a dominant role in payments and tokenization. As a result, XRP’s value would reach $12.70 by 2030.

Conversely, if the token fails to gain meaningful traction in its target industries and institutional adoption declines, Bitwise warns of a sharp price drop. In its “bear scenario,” XRP would struggle to maintain relevance, causing its value to fall drastically to just $0.13 over the next six years.

Market Conditions and Legal Developments

XRP’s future growth is closely tied to both regulatory developments and institutional interest. Recently, Ripple chose to withdraw its cross-appeal against the U.S. Securities and Exchange Commission (SEC), effectively bringing an end to its prolonged legal battle. Despite the resolution, XRP has not experienced a significant price rally. Even after Ripple confirmed that the SEC had dropped its appeal, market reactions remained subdued.

However, potential regulatory approvals could shift market sentiment. One major factor that could drive the token’s price upward is the anticipated launch of an XRP exchange-traded fund (ETF) in the U.S. Bitwise submitted an application for an XRP ETF in October, and industry experts consider its approval likely.

Competition in the XRP ETF Space

The growing interest in cryptocurrency ETFs has led to speculation that major financial firms may enter the XRP ETF market. Nate Geraci, an ETF analyst, recently predicted that BlackRock and Fidelity—two of the largest asset management firms—could file for XRP ETFs shortly. If such major players join the market, it could further legitimize the token as an institutional asset and drive demand.

Bitwise’s price predictions highlight the range of potential outcomes for the digital asset, from significant long-term gains to a steep decline. While factors such as institutional adoption, regulatory clarity, and broader market trends will play a crucial role in shaping its future, the token’s ability to establish a strong position in payments and asset tokenization will be key to determining whether it reaches new highs or struggles to maintain value.

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.

---

Follow us on Twitter, Facebook, Telegram, and Google News