YEREVAN (CoinChapter.com) — XRP price will rise to $4-6, up by up to 820%, by 2026, according to a popular crypto analyst. Suppose that happens. Then, the XRP’s market capitalization would hit $321 billion, roughly equal to Samsung and Johnson & Johnson.
Let’s take a deep dive and see whether the expectations are realistic.
Is XRP’s 820% Price Rise Prediction Even Realistic?
First, let’s tackle the elephant in the room – the ongoing court drama with the SEC that affects XRP greatly.
A win for Ripple could catapult XRP “to the moon,” making it the first crypto asset fully regulated by the US government and court system. This isn’t just good news; it’s “buy a round for the whole bar” kind of good news, potentially attracting investments even from institutions that have been playing hard-to-get with blockchain technologies.
HOWEVER, let’s take off the pink glasses for a second. Is expecting an 800% price jump, even at a fast-paced adoption, realistic? Not likely. It’s wise to take these predictions with a grain of salt – or maybe a whole salt shaker. Let’s crunch some numbers.
In the more realistic corner, we have predictions ranging from $1.50 to $2.00 by the start of 2024, with a potential climb to $0.90 in the summer of that year, assuming XRP can flex its muscles and stay above the $0.40-$0.50 resistance level.
Macro factors are important
Then there’s the cautious approach, suggesting XRP might continue trading between $0.50 and $0.60 shortly. It’s like saying, “Don’t quit your day job yet.” Factors like institutional adoption, global transactions, and the overall crypto market mood swings will play a critical role in this digital currency’s dance on the price charts.
Not to mention, the XRP price rise also depends on the overall sentiment on the crypto market, particularly Bitcoin price action. Meanwhile, some pending ETF applications could dampen BTC’s bullish attempts in case of another delay.
On top of all the suspense, the Consumer Price Index (CPI) report in the week ahead, determining its potential impact on the Federal Reserve’s rate decision and, in turn, the overall crypto market.
Meanwhile, the 800% XRP price rise claims sound like they’re coming from Valhil Capital. Here’s why.
Looks like Crypto Rover Works for Valhil Capital
Despite the APPARENT JOKE, Crypto Rover’s estimations resemble Valhil Capital’s off-the-charts XRP price rise devotion by 2026. The company conducted research in June 2023, claiming that the fair value of XRP is between $12,000-22,000.
That’s like saying your pet hamster could win the Kentucky Derby. The most whopping estimation of all participant researchers pinned the potential XRP price at $1 billion by 2062 without explaining how that can be physically possible.
Our empirical analysis (excluding outliers) reflects a set of values, that centers around a mean value of $12,000. The values between the mean and the median range between $12,000 and $22,000.
concluded the paper.
So, if we don’t unthinkingly follow out-of-nowhere estimations, the uptrend’s 800% XRP price rise does not sound likely for a top 5 crypto such as XRP. Will XRP rise by 2026? Yes, if the crypto market enjoys an overall bullish sentiment and the demand for the coin keeps rising.
However, no prediction can include a black swan event, which dominated the markets since 2020, events like the COVID-19 pandemic, the Terra implosion, the FTX debacle, etc.
