Top FinTech Experts See XRP Hitting $6.45: Here’s When

Recent research from leading fintech platform Finder indicates that XRP may experience substantial price increases over the next few years. 

According to the Finder research, a panel of fintech specialists forecasts that XRP will end 2024 with an average price of $0.66. However, they see its value rising above $6 by 2030, offering long-term investors significant potential gains.

The opinions among experts vary, with some displaying optimism and others exercising caution due to potential hurdles.

XRP Price Targets by Year-End

Unocoin Technologies CEO Sathvik Vishwanath is among the most bullish. He anticipates that XRP could surge to $1.50 by the close of 2024, representing a substantial 215% rise from XRP’s value at the time of the research and a 162% increase from the current price at press time.

Vishwanath attributes this potential growth to XRP’s role in the financial scene, especially in cross-border payments, and Ripple’s collaborations with major financial institutions. Despite this optimism, he acknowledges that regulatory challenges might still pose a risk to XRP’s long-term trajectory.

On the other hand, a University of Canberra lecturer, John Hawkins, offers a much more conservative outlook, with Finder noting that he presented the most negative prediction. Hawkins projects XRP will close 2024 at a meager $0.30, representing a 47% drop from current levels.

He argues that the legal issues Ripple faced, particularly its battle with the U.S. SEC, had hampered XRP’s price. Although the case concluded this month, with Judge Analisa Torres ruling in July 2023 that XRP is not a security, Hawkins remains cautious. 

Moreover, he suggests that if Bitcoin’s price were to fall, it could create a “contagion” effect, negatively impacting XRP and other digital currencies. This trend is currently ongoing as XRP and the rest of the market face turbulence amid Bitcoin’s inability to rebound.

XRP Reaching $6.45

Looking further into the future, Shubham Munde, head of research at Indian-based research firm Market Research Future, is the most optimistic about XRP’s long-term prospects. 

Munde envisions XRP reaching $6.45 by 2030 due to its relatively low price compared to other cryptocurrencies, which could attract new investors. Additionally, he believes that the increasing adoption of XRP by banks, financial institutions, and payment systems will further propel its value.

Paul Levy, a University of Brighton lecturer, also holds a positive long-term view. He predicts XRP will reach $6.10 by 2030, slightly below Munde’s estimate. 

Levy points out that XRP could ride on the latest Bitcoin halving event, which came up in April. Several analysts have projected an imminent increase in Bitcoin’s price, citing patterns observed from previous halving events. A surge in Bitcoin’s price could greatly benefit XRP due to their close correlation.

In addition, Levy believes the growing potential regulatory clarity around XRP now that the legal uncertainties have been resolved could also help its price action in the future. However, he cautions that short-term volatility could still be a concern.

While some experts foresee significant growth, others are more restrained. Nevertheless, the general consensus suggests that XRP holds substantial upside potential. At press time, XRP currently trades for $0.5712.