Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Many crypto analysts and investors are very bullish on XRP, providing lofty price targets. However, Austin Hilton, a popular crypto commentator, has declared that investors are not bullish enough on XRP,while also admitting that he too had underestimated the token’s true potential. His latest outlook is that XRP’s price upside is far greater than most expect, and this realization comes from examining where Bitcoincould be in the coming years. Related Reading ETF Dreams For Dogecoin: Serious Possibility Or Just Hype? 2 days ago Bitcoin’s Billion-Dollar Forecast And What It Means For XRP
XRP price predictions have mostly always been anchored on discussions and expectations of adoption by banksin cross-border settlement. However, according to Austin Hilton, all these catalysts could be left aside, and XRP’s price could surge massively in the years ahead, especially if Bitcoin fulfills lofty projections.
According to the pundit,the scale of the crypto opportunity in the coming decades is so immense that current investors are not bullish enough and accumulating enough XRP. He referenced a circulating forecast that predicted that Bitcoin could reach as high as $1 billion per coin by 2038, a figure championed by high-profile names such as Michael Saylor. This prediction stunned him, as the highest long-term projectionshe had seen had put the Bitcoin price at $13 million.
Bringing the conversation back to XRP, he noted that if this projected Bitcoin rally pushes the entire market upward, as it has always done,then XRP’s value could rise even more in relative terms. Therefore, XRP has the room to act as a multiplier in comparison to Bitcoin’s moves because of its smaller market cap. XRPUSD now trading at $3.17. Chart: TradingView The Roadmap To Double And Triple-Digit XRP
As noted by Hilton, the $1 billion projection is very speculative, adding that “that absolutely floored me and blew me away.” However, the analyst also pointed out that even shorter-term moves in Bitcoin could have an outsized impact on XRP.
For instance, he predicted that the XRP price will surge to between $15 and $20 if Bitcoin were to reach $200,000 by the end of the year. Furthermore, he added that XRP’s price could realistically climb to triple digits if Bitcoin advances to the $1 million price level in the coming years. In this case, the analyst estimated a potential of at least $100 per coin.
Interestingly, these price targets do not even account for catalysts within XRP’s own ecosystem,such as Ripple’s cross-border payment network, acquisitions, and growing adoption among banks.XRP’s upside could be even greater when these factors are factored in. Related Reading Dogecoin Defies Odds, Jumps 21% Even As ETF Debut Gets Pushed Back 21 hours ago
The pundit’s bottom line was that XRP holders need to raise their level of conviction. Bitcoin currently makes up around 60% of the entire crypto market, meaning that any explosive growth in its value is almost certain to lift other large market cap cryptocurrencies. XRP has a smaller cap than Bitcoin, so it could post even stronger relative gains in such an environment.
At the time of writing, XRP is trading at $3.14, up by 2.9% in the past 24 hours.
Featured image from Unsplash, chart from TradingView