XRP price prediction – How the altcoin can reach $6.5 by 2030

• XRP could reach $6.5 or more by 2030, dependent on Ripple’s adoption.
• Sustained demand for BTC and XRP could push XRP to a new all-time high.

Ripple [XRP] was up 10% over the past week, showing resilience as a large-cap altcoin that only Binance Coin [BNB] and Cardano [ADA] have matched over the same time.

The hype for Ripple as a platform has grown steadily, and this was reflected on the price chart.

The company’s stablecoin RLUSD has seen sustained growth since its launch, and its total supply reached $120 million. Its usage on the XRP Ledger has also increased due to the reduced transaction fees.

Source: CryptoQuant

Data from CryptoQuant showed that the transaction count was much higher on XRPL than on the Ethereum [ETH] network.

With Ripple having lofty aims to enable secure, instant, low-cost global transactions, much of the industry’s eyes are on the company and its token. How high could the price go by 2030?

XRP price prediction: Is $10 a viable target?

Source: XRP/USDT on TradingView

The crypto market is a rapidly changing beast, and it is very hard to make predictions a few months down the line, let alone five years. Yet, based solely on the price action, a decent attempt is possible.

On the monthly chart, the swing structure has been bullish since 2017. The $0.1644 level marked the lows from the 2017 rally. The absence of a monthly session close below this level was a sign of long-term bullishness.

Now, the previous session close at $1.99, which marked a key level, has been flipped to support. The early February selling pressure saw the level retested.

According to this chart, a new all-time high was set, but Coingecko data disagrees. This could be due to price data from different exchanges.

In either scenario, the strong move higher in recent months and a test of the 2017 highs meant that a breakout is likely at hand.

The Fibonacci extension levels showed that $4.06 and $5.28 were possible targets for this cycle.

The latter target would take the token’s market cap to $305 billion, which is roughly $30 billion shy of the current ETH market cap.

Source: XRP/USDT on TradingView

From a technical standpoint, the bullish structure of XRP on the monthly chart meant that the 61.8% and 100% extension levels at $5.28 and $6.5 were achievable.

Whether this actually materializes would be wholly in the hands of the market as a whole, and would depend on XRP adoption and also on Bitcoin’s performance.

A rising tide lifts all boats, and altcoins would certainly benefit from greater BTC demand.

Coming back to the XRP price chart, a weekly session close below the $2.08 level would be the first sign of a market structure shift, and could serve as a warning for a deeper retracement.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion