Market expert Bird has recently issued a bold forecast for XRP, the fifth-largest cryptocurrency, suggesting that it could experience a major upside of 800% within this year. If this prediction holds true, XRP could reach a new all-time high of $18.40 per coin.
Forecast Indicates XRP Might Rival EthereumFor Bird’s envisioned target to materialize, the ratio must increase to 0.0002 BTC per token, representing a substantial gain of around 794% from current levels.
With a total supply of 100 billion coins, this price projection implies an overall valuation of approximately $1.84 trillion for XRP. Such a figure would place the cryptocurrency in close competition with Ethereum—and striking distance of Bitcoin’s market cap.
Additional Price Scenarios For The AltcoinMarket expert Sam Daodu also outlined alternative scenarios for XRP’s future performance. In a base case, where the altcoin garners continued institutional support but doesn’t close the gap with Bitcoin’s market capitalization, the price could range between $3 and $4.
This outcome would depend on exchange traded funds (ETFs) attracting a “few billion in assets” while Bitcoin’s dominance falls to the 40–50% range during a broader altcoin rotation.
Conversely, there exists a bear case where macroeconomic challenges or obstacles within the crypto ecosystem could hinder XRP’s price growth. Factors such as geopolitical instability could redirect capital back to Bitcoin and gold, while banks might opt for private ledgers and established stablecoins instead of adopting XRP.
Monthly escrow releases from Ripple of 1 billion coins, accompanied by a potential diminishing exchange-traded fund demand, might cap any potential upside action for the cryptocurrency, leaving it to trade around its current trading prices of $2.
Featured image from DALL-E, chart from TradingView.com
