The price of XRP will exceed $50 within five years, a crypto analyst predicted on X (formerly Twitter) on Apr. 17.
Expressing faith in XRP's future, the analyst disapproved of those who neither believed in the cryptocurrency at the $0.09 level nor believe in it at the $2 level.
With a market cap of over $121 billion, XRP is the world's fourth-largest cryptocurrency, only behind Bitcoin , Ethereum , and USDT.
As per Kraken's price feed , XRP was trading at $2.08 at press time. Note that the asset hit its all-time high (ATH) of $3.40 on Jan. 7, 2018.
For the aforementioned prediction to come true, XRP needs to grow 25 times in value within the next five years.
While it is indeed a wild prediction, the cryptocurrency has received its fair share of positive news during the past few months.
XRP is among the crypto assets that are included in the U.S. digital assets stockpile announced by President Donald Trump.
Besides, Ripple's years-long legal case over alleged securities violations is nearing its final settlement. On Apr. 16, an appellate court approved a joint motion filed by it along with the Securities and Exchange Commission (SEC) to hold their appeals in abeyance.
A queue of spot XRP exchange-traded funds (ETFs) lies before the SEC that the regulator needs to decide on by mid-October. A total of 10 asset managers, including Bitwise, Grayscale, 21Shares, CoinShares, and Canary Capital, have applied to list these XRP funds.
A crypto ETF is a financial instrument that gives investors exposure to cryptocurrency without the need for them to own or trade it directly.
It is obvious there is a lot going on for XRP. Even if a surge to $50 is rather wild, a timeline of five years is long enough.
