Here is a Projected Potential Timeline

Multiple entities, including crypto platform Changelly and AI chatbot Google Bard, have projected a potential timeline for XRP to touch lofty price targets such as $493.

XRP is currently looking to recover from the recent price drop induced by the latest market-wide collapse. The token is up 1.40% over the last 24 hours, but this gain has not been sufficient to erase the effects of the Jan. 3 price slump.

Recall that XRP dropped to a low of $0.50 that day, marking its lowest price in nearly three months. The crypto asset has since recovered from that drop, but it continues to trade below the pivotal $0.60 psychological price threshold. 

The recovery campaign has also met some roadblocks along the way, with a 1.83% intraday loss on Jan. 5 and a 0.83% decline today.

XRP has only seen 50% green days over the last month, with a 75% bearish sentiment. Despite the outlook, the XRP Fear and Greed Index (FGI) remains high, currently at 70.

When XRP Could Hit $493

As the asset sails the path to recovery, predictions of lofty price goals have persisted. For instance, crypto market analyst EGRAG recently forecasted a surge to $11, also noting that $27 is within the realm of possibilities. While most forecasts point to single and double-digit figures, the $493 goal has emerged.

Changelly, a prominent crypto trading platform, presented a projected timeline for XRP to hit this ambitious target.

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Despite the current bearishness, the Changelly research team projects XRP to close January with a bullish outlook, predicting it to end the month at $0.6711, a 17% rise from the current price.

The team believes the price of XRP will continue to appreciate over the years, hitting an average of $6.90 in 2030. However, their projection asserts that XRP will not see double digits until 2031 when it is expected to reach a maximum price of $11.43.

Furthermore, the Changelly report predicts that XRP could hit triple digits in 2040. However, the lofty $493 price was presented as XRP’s minimum price for 2050, 26 years from now. At XRP’s current price of $0.5710, the asset must surge 86,239% to hit $493.

Google Bard’s Insights

This appreciation rate remains highly speculative, with most considering it an impossible target. Amid the pessimism, we asked Google Bard, Google’s AI service, for its thoughts on the matter.

The chatbot first highlighted the improbability of the price target but presented several factors that could affect XRP’s ability to hit it.

Bard noted three different projected timelines for XRP to hit the $493 target. The first is an optimistic outlook, with a range from 2027 to 2030. The second, a moderate outlook, projects 2035 to 2040. The last is driven by pessimism and ranges beyond 2040 or never.