Armando Pantoja, a member of the Benzinga crypto advisory board, has put forth a bold prediction regarding the future of XRP. He envisions a timeline where XRP will be trading between $8 and $20.
This forecast was shared in Pantoja’s latest analysis on XRP’s price prospects. According to him, the true value of XRP lies within the range of $8 to $20, and he expects this range to be realized by the year 2026. Pantoja also expressed his confidence in trading XRP, considering it to be his most favorable trade.
Currently, XRP is trading at $0.4927. In order to reach the lower end of Pantoja’s projection within two years, the asset would need to experience a 15X surge. Achieving the $20 mark would require a more substantial growth of 3,959%. Despite the challenges, Pantoja has identified five key factors that support his optimistic outlook.
The first factor is XRP’s impressive six-year history. From trading at just $0.006031 on January 02, 2017, XRP skyrocketed to an all-time high of $3.84 a year later, marking a remarkable price increase of 63,571%. This historical performance serves as a foundation for analysts predicting a double-digit value for XRP in the coming years.
Pantoja also bases his prediction of $20 XRP by 2026 on the potential institutional adoption of the asset. There are expectations within the community that a major asset manager will introduce an XRP spot ETF in the U.S. market soon.
Additionally, Pantoja highlights broader market trends that indicate increased adoption and utility in the crypto market, which could benefit XRP. The asset’s potential role in meeting future financial service demands, especially in cross-border money transfers and settlement services, is another crucial factor.
Lastly, Pantoja emphasizes the importance of regulatory clarity surrounding XRP, as it could open doors to significant partnerships for Ripple.
Disclaimer: The information provided in this article is for educational purposes and should not be construed as financial advice. The opinions expressed are those of the author and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.