Bitwise has estimated the potential growth of the XRP token price up to $29.32 by 2030. Achieving this target requires capturing a significant share of the payments and tokenization markets.
Bitwise Projections for XRP
Bitwise has projected the price of the XRP token based on the capital asset pricing model (CAPM). Their analysis suggests that securing even a small slice of the real-world asset tokenization market could dramatically increase XRP's market capitalization.
XRP Price Scenarios
In Bitwise's 'max scenario,' XRP's market cap could grow to $2.9 trillion by 2030, surpassing Microsoft's current market cap. The 'bull scenario' sees a price of $12.7, whereas the 'bear scenario' predicts a fall to $0.13 if XRP fails to gain market traction.
Impact of Legal Aspects on XRP
Ripple's withdrawal of its cross-appeal against the SEC suggests the end of a prolonged legal battle. Despite this, XRP did not see significant price gains. However, the anticipated approval of an XRP ETF in the U.S. could shift momentum.
Bitwise's predictions for XRP provide a broad perspective on potential market events. XRP's success will depend on its ability to integrate into the payments and tokenization sectors, as well as legal factors.
