A notable market commentator has asserted that a lot of people will regret not buying XRP today in the next half a decade.
This assertion came from John Squire, a media personality and self-acclaimed key opinion Leader (KOL). His commentary comes at a time when XRP is struggling to maintain its footing amid the persistent bearish price action that has dominated the crypto market.
For context, the global crypto market cap has lost over $1 trillion since Jan. 20 due to this turbulent phase, as Bitcoin battles the bears at $80,000. XRP has also been a victim of the bloodbath, with its valuation dropping from the peak of $195 billion in mid-January to the current figure of $133 billion, representing a loss of $62 billion.
Amid the market drawdown, XRP price now struggles at the $2.3 mark. Despite this, market commentators like Squire believe XRP is still on track for a massive uptrend in the future. This increasing bullish sentiment likely comes from expanding regulatory clarity and its impressive performance from Q4 2024.
“Everyone Will Wish They Had Bought XRP”
According to Squire, over the next five years, essentially by 2030, everyone will wish they had bought XRP today. Notably, most analysts have argued that the ongoing correction represents an opportunity for market participants to procure XRP at a discount price before an eventual price explosion.
To put things into perspective, XRP experienced a similar discount period during the COVID-influenced crash in 2020. For context, the asset collapsed to a local bottom of $0.1140 in March 2020, presenting a massive opportunity for investors to get into the market with minimal capital.
Notably, individuals who committed $50,000 into XRP at the time amassed about 438,596 tokens at the price of $0.1140 per token. Today, these tokens are worth a whopping $1,008,771 despite the ongoing market downturn.
Squire believes the current downtrend presents a similar opportunity to what the market observed in March 2020. However, for this to prove true, XRP needs to appreciate by a large margin from the current position. For context, at the current price of $2.3, XRP is up 1,917% from the $0.1140 low from March 2020.
XRP Uptrend Projections
A similar appreciation from here would lead to a price of $46 for the altcoin. However, most price projections eye less ambitious targets. For one, market analyst EGRAG has consistently predicted that XRP could soar to a $27 price, although he has failed to present a definite timeframe for this projection.
While Squire chose not to make any price predictions for what he believes XRP could trade for by 2030, analysts at crypto exchange platform Changelly have shared some insights. Notably, these analysts predict that XRP could trade at a minimum price of $13.86 at the start of 2030 and a maximum price of $23.10 by the end of the year.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
