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Analyst Predicts XRP Could Surge 800% to $18.40 This Year
Market expert Bird forecasts a potential 800% increase for XRP, potentially reaching $18.40 per coin within the year.
XRP Price Prediction
- Bird predicts XRP/BTC ratio to reach 1:5,000 by end of 2026, equating 5,000 XRP to 1 Bitcoin.
- Current XRP/BTC ratio is approximately 0.00002235; must rise to 0.0002 BTC/token for target.
- This scenario suggests a total XRP valuation of $1.84 trillion, nearing Ethereum's market cap.
Alternative Scenarios for XRP
- Base case by Sam Daodu: XRP price could range between $3 and $4 with institutional support but without surpassing Bitcoin's market cap.
- Bear case: Macroeconomic issues or crypto ecosystem challenges might limit growth, keeping XRP around $2.
- Factors affecting bearish scenario include geopolitical instability and preference for private ledgers over XRP.
- Ripple's monthly escrow releases of 1 billion coins and reduced ETF demand may also limit upside potential.
