Ripple might hit $2.55 by the end of the year as per the reports by a finance trend survey platform.
The report, which was updated on May 4, included consultation from a panel of 36 experts from the industry asking their thoughts and opinions about XRP and its performance in the next decade.
The discussion also included the opinion about whether or not ripple should win the case against the Securities and Exchange Commission.
What beholds Ripple in the future?
Even though XRP is currently trading at $0.5974, which is over an 84% price drop from its all-time high of $3.84 in January 2018. The report still suggests that the price of XRP might jump by 260% during the last duration of the year and hit $2.55 if ripple wins the case against the Securities and Exchange Commission.
However, if Ripple loses, the coin’s value might plummet below $0.68. Another panel of fintech experts predicted a high of $2.79 for XRP by the end of the year, according to the latest research.
The group also predicts that the value of XRP will reach $3.61 by the end of 2025 before climbing to $4.98 by 2030. XRP is trading at $0.59 at the time of writing.
Even though some of the panelists agree with it, some of them think otherwise. DigitalX Asset Management head of funds Matthew Harry believes that ripple will only hit $5 by December 31 if it wins the case. The expected price hike is only speculation.
“The XRP token is worthless for anything other than speculation. The underlying technology is terrific but the token itself does not currently have a use, it simply attracts speculators as it is cheap and an easily digestible value prop – none of which is born out in the token.”
Harry
Daniel Polotsky, the founder of CoinFlip, predicted that XRP would only top $0.90 before the end of the year as he believes that it is relying more on the hype than the actual utility.
