Dom Kwok, a former Goldman Sachs analyst, has forecasted a potential surge for XRP to $1,000 per token by the year 2030. This prediction implies a staggering price increase of approximately 31,445% from XRP’s current trading price of $3.17.
The cryptocurrency currently boasts a market capitalization of $186.7 billion, ranking it as the third-largest digital asset globally. Recent technical analysis indicates positive momentum for XRP, with a golden cross pattern identified on its daily price chart. This technical formation typically reinforces bullish sentiment. However, short-term volatility persists amid fluctuations in ETF-related market activity.
Further bolstering the technical picture, XRP’s Relative Strength Index (RSI) stands at 62. This reading suggests sustained buying interest and indicates the asset is not currently overbought or at immediate risk of a sharp correction.
Kwok’s audacious $1,000 price target is founded on his expectation of significantly increased utility for XRP, particularly within the cross-border payments industry and decentralized finance (DeFi) applications. He argues that achieving this valuation would necessitate the cryptocurrency reaching a multi-trillion dollar market capitalization mark.
Ultimately, the long-term price trajectory for XRP is seen as heavily reliant on its continued adoption by financial institutions for cross-border settlement and integration within DeFi protocols, alongside ongoing technical indicator monitoring.