Finder recently disclosed its survey of fintech experts concerning the future valuation of XRP, the seventh-biggest crypto by market cap.
These experts expressed varying perspectives on XRP’s price for 2024 to the end of the decade. On average, they expect XRP to end 2024 below $1. Meanwhile, some have projected a 1,031% increase for XRP in the longer term.
Expert Projections for XRP by 2024
Sathvik Vishwanath, CEO of Unocoin Technologies, stood out as the most optimistic panel member. According to his prediction, XRP is expected to reach $1.50 by year-end. Considering that XRP is worth $0.5705 today, this outlook represents a substantial 162% return on investment.
According to Sathvik Vishwanath, the driving force behind his bullish prediction for XRP is its distinct value proposition in the financial industry, particularly its emphasis on facilitating cross-border payments, and Ripple’s strategic partnerships with prominent financial institutions.
However, Vishwanath also cautioned that XRP’s growth potential is tempered by regulatory uncertainties that could significantly impact its long-term valuation. It is worth noting that the lawsuit surrounding XRP ended this month.
Mitesh Shah, founder of Omnia Markets, also shares an optimistic outlook for XRP in 2024. He believes the cryptocurrency will reach $0.75 by year-end, representing a 31% increase from its current price.
According to Shah, this forecast is based on three primary drivers expected to positively influence XRP’s price trajectory. They include short-term momentum from Ripple’s positive developments, regulatory clarity, and support from the current bull market.
Experts Projections for XRP by 2030
Market researcher Shubham Munde has the most optimistic long-term view on XRP, predicting that the cryptocurrency will soar to $6.45 by 2030.
Munde attributes this bullish forecast to XRP’s relatively low entry point compared to other top cryptocurrencies, making it an attractive option for new investors. Additionally, Munde highlights XRP’s utility in the payment market as a key factor driving its growth potential.
Brighton University senior lecturer Paul Levy echoes Munde’s perspective on XRP’s long-term prospects. He forecasts that the cryptocurrency will reach $6.10 by 2030. Levy’s optimism is fueled by his expectation that XRP’s price will significantly benefit from the Bitcoin halving.
With XRP trading at $0.57 today, a $6.45 target by 2030 amounts to over 1,031% growth.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2024/08/28/finder-survey-fintech-expert-panel-bullish-on-xrp-predicts-1031-growth-to-6-45/?utm_source=rss&utm_medium=rss&utm_campaign=finder-survey-fintech-expert-panel-bullish-on-xrp-predicts-1031-growth-to-6-45