A panel of cryptocurrency industry experts has predicted that the price of $XRP will hit $2.55 by the end of the year, and sees it go as high as $3.61 by the end of 2025, and $4.98 by the end of 2030.
Finder has surveyed a panel of 36 industry experts for their thoughts on XRP and its performance over the next decade and found that the panel expects the price of XRP to rise over 390% over the rest of the year to hit $2.55.
Track live crypto price of 10000+ coins!
The panel’s prediction is based on Ripple having a positive outcome in its case against the U.S. Securities and Exchange Commission (SEC). Should Ripple lose, the panel sees XRP’s value drop to $0.68.
XRP, it’s worth noting, is at the time of writing trading at $0.515 after losing nearly 40% of its value so far this year. The cryptocurrency’s all-time high was of $3.31 in early 2018, ahead of a year-long bear market that saw most cryptoassets lose over 80% of their value. Bitcoin and other blue-chip cryptocurrencies have since recovered to make new highs, however.
Finder’s panel included Matthew Harry, the head of funds at DigitalX Asset Management, who predicted XRP could hit $5 this year provided Ripple wins its case against the SEC, although Harry noted XRP is “worthless for anything other than speculation.”
The expert added he believes that the “underlying technology is terrific but the token itself does not currently have a use, it simply attracts speculators” because the token price itself is cheap.
Carol Alexander, professor of finance at the University of Sussex, predicted XRP could hit $2.5 and noted that if Ripple wins the case XRP “will start to replace SWIFT.” The founder of CoinFlip Daniel Polotsky, on the other hand, sees XRP hit $0.9 and believes its performance relieves on hype. Polotsky was quoted saying:
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 $1), and erroneously thinking that because it’s ‘so cheap’ it will grow a lot faster than its peers.
Notably, 23% of the experts recommended buying XRP now, while 45% recommended investors should hold onto what they currently have. 32% said it’s time to cut their losses and divest of their holdings.
As CryptoGlobe reported, Finder’s panel has recently predicted the price of the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), could hit $5,780 by the end of the year, and surge to $11,760 by 2025.
87% of the outlet’s XRP panel included Ethereum in their top-5 performing cryptoassets for the year. Other cryptocurrencies included BTC, Solana, Avalanche, and Terra.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Featured image via Pixabay