XRP Could Potentially Reach $1,000 by 2030, Says Former Goldman Sachs Analyst
Main Idea
Former Goldman Sachs analyst Dom Kwok predicts XRP could reach $1,000 by 2030, driven by its utility in cross-border payments and DeFi, marking a potential 31,445% price increase.
Key Points
1. XRP currently trades at $3.17 with a market capitalization of $186.7 billion, ranking third among cryptocurrencies.
2. A golden cross on XRP’s daily chart has fueled bullish momentum, though short-term volatility persists due to ETF-related fluctuations.
3. The Relative Strength Index (RSI) stands at 62, indicating healthy buying interest without immediate risk of a sharp pullback.
4. Dom Kwok’s $1,000 prediction is based on XRP’s expanding role in cross-border payments and DeFi, requiring a multi-trillion-dollar market cap.
5. XRP’s long-term price potential is influenced by adoption in cross-border payments and technical indicators like RSI and moving averages.
Description
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