Quick overview

Live XRP/USD Chart

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A former Goldman analyst’s audacious prediction that  XRP will reach $1,000 by 2030 has sparked a firestorm on the X social media platform. The cryptocurrency supported by Ripple would need to rise more than 52,000 percent from its current levels to reach those levels.

Former Goldman Sachs analyst Dom Kwok projected an ambitious $1,000 per XRP for the end of 2030. In January, Kwok, a co-founder of EasyA, a Web3 education platform with direct XRPL grants, doubled down on his prediction. 23 times. Kwok wrote on X, “FYI, I did not go grey at the age of thirty for $XRP to be worth any less than $1,000 by 2030.” The analyst’s position supports the idea that short-term price spikes should not be used to evaluate XRP’s growth trajectory.

The native cryptocurrency on the XRP Ledger, a blockchain created to facilitate quick and inexpensive cross-border transactions, is called XRP. Ripple uses XRP to give banks, payment service providers, and cryptocurrency companies quick payment options. As of the time of writing, the price of XRP was approximately $1.91, keeping it as the fifth-largest cryptocurrency with a $116.3 billion market capitalization.

. A market capitalization of more than $100 trillion, or five times the current global GDP, would result from this price tag.

However, supporters of XRP think that token burns, institutional demand driven by spot ETF inflows, cross-border volume, strategic alliances, ongoing ecosystem development, and improved regulatory clarity will generate the demand shock and liquidity surge needed to cause a sharp price eruption toward quadruple-digit levels. As you may remember, Ripple formally resolved a protracted legal dispute.