Changelly researchers argued for XRP’s potential to attain the $104 value before the next two decades.
XRP experienced a slight price increase of 3% during the recent mini-bull trend, marking a recovery phase from the earlier downturn. As a result, the seventh-largest crypto is up by 13% in its one-year trajectory.
In contrast, closest rivals like Bitcoin, Solana, and Dogecoin wield over 100% gains through the same period. Moreover, at a market value of $0.53, XRP trades at the price levels it sold for precisely six years ago in 2018.
Regardless of XRP’s weakness in orchestrating a commendable price surge, analysts persist in setting ambitious targets for the asset, arguing for triple-digit values. Specifically, researchers at the Changelly crypto exchange are convinced that XRP could be worth $104 someday.
Projected Timeline for XRP to Reach $104
According to Changelly’s research report, XRP is expected to hit $104 by April 2040, precisely 16 years from now. The report indicated that in a less optimistic scenario, XRP would achieve a value of $96 by 2040.
In the most ambitious scenario, the researchers projected a price of $121 for XRP. Nonetheless, an average value of $104.62 is anticipated for XRP by April 2040.
Considering XRP hovers around $0.53 at the time of reporting, the asset must expand by 19,639% in the next 16 years to attain $104.62. Remarkably, at triple-digit values, XRP’s market cap would be trillions of dollars, exceeding Apple’s $3 trillion valuation.
Factors that Could Help XRP Hit $104 by 2040
Notably, Changelly’s report overlooked specific factors beyond technical analysis that could contribute to the projected 19,639% growth.
Meanwhile, among developments that could support the growth is regulatory assurance, with the ongoing SEC vs. Ripple terminating soon.
Ripple has already secured more than 30 money transmitter licenses in the U.S. for its crypto payment business, leveraging XRP. Essentially, XRP is expected to gain adoption within the U.S. financial space, potentially boosting its unit value.
Aside from the U.S. financial market, XRP is already garnering significant adoption across other continents. For instance, Japan SBI Group, in partnership with Ripple and HashKey DX, will introduce supply chain solutions powered by the XRP ledger this year.
A similar product has already been launched in China. It has onboarded 23 banks and 4,000 companies, transacting over $7 billion in value.
Furthermore, the resolution of Ripple’s SEC lawsuit paves the way for exchange-traded funds that invest directly in XRP. Ripple’s initial public offering (IPO) will also surface in the next few years. Market participants see Ripple’s IPO further promoting XRP to a broader audience of financial investors.
In addition to Ripple’s specific initiatives, the XRP development community is actively rolling out solutions aimed at increasing XRP adoption.
Recently, the XRP blockchain welcomed the automated market maker (AMM) functionality. This feature provides an opportunity for heightened engagement with XRP, as participants can earn passive income through it.
At press time, 4,322,363 XRP tokens are locked in various AMM pools. These locked tokens create a scarcity factor in the XRP assets available for trading, potentially bolstering its price.
Essentially, 16 years is a significant timeframe, allowing for numerous developments that could support XRP’s journey towards $104.
