This prediction reveals how long it will take for the XRP price to cross $10
November 18, 2023 19:00 GMT+5:30
XRP is one of the few cryptos with impressive price action this year The cryptocurrency has been in the public eye for the past few months, as traders eagerly await XRP in a major bull run. However, the crypto has moved lower over the past few days amid ongoing market consolidation. Price action shows that XRP is down 9% over the 7-day timeframe and is currently trading at $0.59.
A recent price forecast by cryptocurrency exchange Changelly suggests that XRP's value could skyrocket very soon. Its new price forecast says it could rise to 1,700 times its current value this decade. This will cause the price of a unit of the token to rise from its current level of around $0.60 to more than $11 by 2030. Changeli's very bullish predictions
XRP's growth has been largely hampered since 2020 by the SEC's lawsuit with Ripple, a technology company tied to crypto assets. The situation changed in July 2023, and XRP is now in a position to emerge from the shadow of this lawsuit.
Although XRP's price chart has returned to a resistance at the $0.70 level and looks set to end today with a red bearish candle, the general sentiment still remains bullish in the long term.
The optimistic view of crypto exchanges extends beyond the scope of the current year forecast. Changeli predicted that XRP could surpass its current all-time high of $3.84 by 2027.
Assuming the upward price trend continues, XRP could cross the $10 threshold by 2030, registering an average and peak price of $9.71 and $11.37, respectively. This represents a staggering 1,790% increase from the current price. Additionally, the company projects XRP to reach an average price of $19.91 over the next two years and a peak price of $23.46 by 2032. How feasible is this projection?
There is no guarantee that XRP will reach or even come close to $10, but Ripple's progress with various financial institutions and payers raises optimism about XRP's future value over the next decade.
