Changelly researchers have put forward a compelling case for XRP’s potential to reach a value of $104 in the next two decades. While XRP has experienced a modest 3% price increase during the recent mini-bull trend, it has been outperformed by its closest rivals such as Bitcoin, Solana, and Dogecoin, which have seen gains of over 100% in the past year. Despite this, analysts remain optimistic about XRP’s future and continue to set ambitious targets for the cryptocurrency.
Researchers at the Changelly crypto exchange believe that XRP could reach a value of $104 in the future. According to their research report, they predict that XRP will hit this milestone by April 2040, which is precisely 16 years from now. In a less optimistic scenario, they estimate that XRP would achieve a value of $96 by 2040. In their most ambitious projection, they foresee a price of $121 for XRP. However, the researchers anticipate an average value of $104.62 for XRP by April 2040.
At present, XRP is trading at around $0.53, which means that it would need to grow by 19,639% over the next 16 years to reach $104.62. This would result in a market cap for XRP in the trillions of dollars, surpassing the valuation of Apple, which is currently valued at $3 trillion.
While Changelly’s report focuses primarily on technical analysis, it fails to consider other factors that could contribute to XRP’s projected growth. One such factor is regulatory assurance, with the ongoing SEC vs. Ripple case expected to conclude soon. Ripple has already obtained more than 30 money transmitter licenses in the U.S., which could help boost XRP’s adoption in the country’s financial space.
Furthermore, XRP is gaining significant adoption in other parts of the world. For example, Japan’s SBI Group, in collaboration with Ripple and HashKey DX, plans to introduce supply chain solutions powered by the XRP ledger this year. A similar product has already been launched in China, with 23 banks and 4,000 companies onboarded and over $7 billion in transactions.
The resolution of Ripple’s SEC lawsuit could also pave the way for exchange-traded funds that invest directly in XRP. Additionally, Ripple’s upcoming initial public offering (IPO) is expected to promote XRP to a broader audience of financial investors.
In addition to Ripple’s initiatives, the XRP development community is actively working on increasing adoption through various solutions. One recent development is the integration of automated market maker (AMM) functionality on the XRP blockchain. This feature allows participants to earn passive income by locking their XRP tokens in AMM pools, creating a scarcity factor that could potentially drive up the price of XRP.
Overall, the next 16 years offer ample opportunity for XRP to reach its target of $104. However, it is important to note that this article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research before making any investment decisions.