Many analysts and investors in the cryptocurrency market remain optimistic about XRP, with some predicting considerable price increases in the future. Among these voices is Austin Hilton, a well-known crypto commentator, who believes that the current bullish sentiment towards XRP does not go far enough. He recognizes that he too had previously underestimated XRP’s potential. His new perspective suggests that the upside for XRP’s price could be significantly higher than most analysts currently anticipate, especially when considering the potential trajectory of Bitcoin over the next several years.
Central to Hilton’s analysis is the idea that XRP’s price forecasts have traditionally been linked to its expected adoption by banks for cross-border settlements. However, he argues that this focus may be limiting. He emphasizes that if Bitcoin, the flagship cryptocurrency, reaches projected highs, it could initiate an even larger surge in XRP’s value. Citing a circulating forecast that posits Bitcoin could reach as much as $1 billion per coin by 2038—a figure suggested by influential figures like Michael Saylor—Hilton expressed his astonishment at such a high valuation, especially since the most bullish projections he had encountered previously hovered around $13 million.
Hilton forecasts that should Bitcoin’s price ascend substantially, this could have a multiplier effect on XRP’s value, given its smaller market capitalization. He referenced potential scenarios where, if Bitcoin rises to $200,000 by the end of this year, XRP could jump to a price range between $15 and $20. Further, in an optimistic projection where Bitcoin reaches $1 million, XRP’s price could realistically soar to triple digits, with a target of at least $100 per XRP.
These predictions only scratch the surface, as Hilton notes that they do not take into account the various growth catalysts within the XRP ecosystem. For example, developments related to Ripple’s cross-border payment platform and increasing adoption of XRP among financial institutions could further boost its price.
Hilton concluded that XRP holders should cultivate a stronger conviction about the asset’s future potential. Since Bitcoin represents around 60% of the overall cryptocurrency market, any significant appreciation in its value is likely to create a ripple effect, positively impacting other major cryptocurrencies, including XRP. Given XRP’s relatively small market cap, it stands to gain even more from such market movements.
At present, XRP is trading at $3.14, marking an increase of 2.9% in the last 24 hours, suggesting that investor sentiment remains cautiously optimistic amid the broader market fluctuations.
