Prominent crypto platform Changelly has laid out a series of predictions for XRP price, projecting when the crypto asset could hit the $11.94 price target.
In an analysis on Dec. 16, Changelly pointed out that XRP witnessed an impressive price run in 2017 and 2018. Notably, XRP’s historical data confirms this disclosure, as the asset soared 110,466% from a low of $0.0030 in January 2017 to the ATH of $3.317 in January 2018.
Amid this mind-blowing price surge, XRP outperformed Bitcoin (BTC) and all other mainstream crypto assets during the 2017 bull run. However, the token’s bullish prospects faced a roadblock when it became the subject of a long-standing legal battle between the U.S. SEC and Ripple.
XRP aimed to record a similar rally in early 2021, but the legal pressure snuffed the momentum out. Most of the crypto market recorded all-time highs in the 2021 bull rally. However, XRP failed to reclaim or tower above the $3.31 ATH as a result of selling pressure.
XRP Price Forecasts
Changelly believes the crypto asset’s prospects are now looking good, as it recently gained legal clarity in the U.S. The recent article from the team predicts a bullish end of the year for XRP, forecasting that the token would end this month at $0.7753. This price represents a 25% increase from XRP’s current price of $0.6198.
Despite predicting that XRP could drop further in January 2024 to $0.65, the Changelly research team believes XRP could reclaim the $1 price next year, with a maximum price of $1.11. However, the prospects for 2025 are short of expectations, as the team predicts a maximum XRP price of $1.62.
They believe XRP would only reclaim $2 in 2026, and $3 in 2027. According to the team, XRP would not trade in double digits until 2030 when it would witness a minimum price of $10.09. Changelly predicts that the token would then record a maximum price of $11.94 in 2030. This would represent a 1,826% rise in six years.
While these forecasts generally present bullish sentiments for XRP, the price targets seem conservative to several market watchers who already project prices as high as $10 before long. Meanwhile, XRP has struggled to align its movements with current market trends, but technicals remain bullish.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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