XRP analyst sets 2029-2030 target at $11.45, implying $700 billion market cap

An XRP market analyst has outlined a long-term price target of $11.45 for the digital asset, suggesting that if the token approaches $11, its market capitalization would near $700 billion based on the current circulating supply. This projection, which extends to 2029 or 2030, signals a potential eightfold price increase from XRP’s recent trading range around $1.35–$1.36. However, it hinges on a significantly higher level of demand than presently observed. XRP has achieved multi-fold rallies in the past. According to crypto analyst More Crypto Online, a surge beginning in summer 2024 resulted in an 8.5-fold increase, with market capitalization rising from around $23 billion to current levels near $84 billion.

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