Changelly researchers have put forth a compelling argument for XRP’s potential to reach a value of $104 within the next two decades. While XRP has experienced a modest 3% price increase during the recent mini-bull trend, it has shown signs of recovery from its previous downturn, with a 13% increase in its one-year trajectory. However, when compared to its closest rivals such as Bitcoin, Solana, and Dogecoin, XRP has only achieved gains of over 100% during the same period. Additionally, at its current market value of $0.53, XRP is trading at the same price levels it had six years ago in 2018.
Despite the challenges XRP has faced in achieving a significant price surge, analysts and experts continue to set ambitious targets for the asset, arguing for triple-digit values. The researchers at Changelly’s crypto exchange, in particular, are convinced that XRP has the potential to reach a value of $104 someday.
According to Changelly’s research report, XRP is projected to reach $104 by April 2040, precisely 16 years from now. The report also mentions that in a less optimistic scenario, XRP could achieve a value of $96 by 2040. In the most ambitious scenario, the researchers projected a price of $121 for XRP. However, the average expected value for XRP by April 2040 is $104.62.
Considering that XRP is currently trading at around $0.53, the asset would need to expand by 19,639% in the next 16 years in order to reach $104.62. This would put XRP’s market cap in the trillions of dollars, surpassing Apple’s $3 trillion valuation.
While Changelly’s report focuses primarily on technical analysis, there are other factors beyond that which could contribute to the projected growth of XRP. One such factor is regulatory assurance, with the ongoing SEC vs. Ripple case expected to be resolved soon. Ripple has already obtained more than 30 money transmitter licenses in the U.S., which could potentially boost XRP’s adoption within the U.S. financial space and increase its value.
Furthermore, XRP is already gaining significant adoption across other continents. 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 value transacted.
The resolution of Ripple’s SEC lawsuit also opens the door for exchange-traded funds that directly invest in XRP. Additionally, Ripple’s upcoming initial public offering (IPO) is expected to further promote XRP to a wider audience of financial investors.
In addition to Ripple’s initiatives, the XRP development community is actively rolling out solutions aimed at increasing XRP adoption. The recent introduction of automated market maker (AMM) functionality on the XRP blockchain provides participants with the opportunity to earn passive income and increases engagement with XRP. Currently, over 4.3 million XRP tokens are locked in various AMM pools, creating scarcity and potentially boosting its price.
With a significant timeframe of 16 years, there are numerous developments that could support XRP’s journey towards reaching $104.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.