Crypto analyst MagicPoopCannon has forecasted a $400 value of XRP by 2026.
Short term, he anticipates XRP to fall to the $0.13 to $0.09 range.
An analysis by the team at Finder.com sees XRP at a value of $4.98 by 2030.
Popular Bitcoin and crypto analyst, MagicPoopCannon, has provided a $400 forecast of XRP by 2026. However, in the short term, Magic sees XRP falling to the price range of $0.13 to $0.09. He explained:
A convincing technical case could be made that, sometime around the year 2026, XRP could be worth about $400. Not kidding.
Obviously, more short term pain is in the cards for XRP, as well as all of crypto. There is a good chance that XRP will fall to the 0.13 to 0.09 range, but I think it is likely to have a monumental recovery.
According to Finder.com’s panel of five analysts, XRP’s value could jump by over 260% in 2022 to $2.55 by the end of December. They also warn that if Ripple loses the case against the SEC, XRP could be in for a rough few months in the crypto markets.
Their forecast of XRP was summarized through the following statement and accompanying chart.
Looking further down the road, the panel estimates XRP’s value to hit $3.61 by the end of 2025 and $4.98 to close out 2030.
XRP Thrives on Speculation and Hype – Finder.com Analysts.
On an individual level, Finder.com’s analysts differ on the long-term future of XRP. Matthew Harry, the head of funds at DigitalX Asset Management, does not see XRP’s value rising on anything other than speculation. He states the following:
The XRP token is worthless for anything other than speculation. The underlying technology is terrific but the token itself does not currently have a use, it simply attracts speculators as it is cheap and an easily digestible value prop – none of which is born out in the token.
Daniel Polotsky, Founder and chairman of CoinFlip, is of a similar opinion that XRP’s value is derived from hype than actual usage. He said:
I believe XRP does not offer anything proprietary compared to its peers to justify its relatively large market cap.
I think that the project has a lot of inflated interest due to retail investors ignoring its market cap and looking at its per-unit price (less than $1), and erroneously thinking that because it’s ‘so cheap’ it will grow a lot faster than its peers.
This is simply a great marketing trick, but eventually, the lack of fundamentals of the project will be reflected in its price as the industry matures.