XRP Price Could Reach $473K by 2030 if 10% of Global Assets Are Tokenized
A bold new forecast has emerged in the cryptocurrency community, suggesting that XRP could potentially skyrocket to an astonishing $473,000 if global assets undergo substantial tokenization by 2030. This ambitious projection, put forth by crypto analyst Costa, hinges on the expectation that 10% of the world’s assets will be tokenized on the XRP Ledger (XRPL) within the next decade, amounting to approximately $50 trillion in value.
Costa delves into the mechanics of his analysis by illustrating that for every $10 billion flowing into XRPL, the market cap of XRP could experience a monumental expansion of 516 times. This surge would hypothetically propel the market cap to an impressive $5.3 trillion, potentially resulting in an XRP price of nearly half a million dollars per coin. The implementation of this level of asset tokenization could trigger an unprecedented demand for XRP, leading to what Costa refers to as a possible historic supply shock.
Despite these grandiose long-term projections, the current XRP price is considerably lower than its peak. Presently trading at around $2.81, XRP has faced a slight pullback of 0.2% to 4% in the past 24 hours. The cryptocurrency is navigating key support levels between $2.75 and $2.80, with resistance anticipated around $2.90 to $3.00.
While the XRP price remains below its all-time high, recent whale activity has sparked a flicker of hope among enthusiasts. Major holders have amassed approximately 340 million XRP in the last two weeks, indicating confidence in the asset’s enduring value despite transient selling pressure. Nevertheless, reports of institutional liquidations totaling $1.9 billion in Ripple XRP since July have partially offset this accumulation.
Several analysts are contemplating the potential influence of the forthcoming macroeconomic landscape on XRP’s trajectory. Market commentator Matthew Dixon hinted that XRP’s price pattern appears corrective, with a probable upward resolution as monetary conditions loosen. Dixon highlighted the expected 25-basis point rate cut by the Federal Reserve as a potential liquidity injection for the market, possibly catalyzing a breakout from the prevailing range.
In the near term, some analysts, including Egrag Crypto, suggest that XRP could target $6 if it maintains its current range and confirms a breakout. Envisioning a future where XRP could rival substantial asset classes globally, traders eye key levels to gauge the potential for a sustained rally into 2025. The narrative of asset tokenization holds the potential to significantly impact XRP’s valuation in the long term.
While a price projection of $473,000 per XRP remains speculative, it reflects the buoyant sentiment surrounding tokenization and Ripple’s expanding role in the global financial ecosystem. Market participants are advised to monitor support and resistance zones, whale behavior, and macroeconomic developments that could steer the course of XRP’s market cycle in the foreseeable future. Embracing the inherent volatility of the crypto market, traders and investors should approach these forecasts with a blend of curiosity and prudence, acknowledging the dynamic nature of the landscape.
