Ripple’s native token XRP is hovering around the $2.50 mark on Tuesday and remains on the greener side of the spectrum. The leading altcoin has surged more than 400% in a year, turning an investment of $1,000 into $5,000 in 365 days. The phenomenal rise is making investors take an entry position in the token, hoping to ride the bull run for further profits. Analysts forecast that the rally is not over and XRP has more steam and could race ahead in price.
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Professor at the University of Brighton Predicts Ripple (XRP) to Hit $6.10
Paul Levy, the Senior Professor at the University of Brighton, wrote in a financial piece on Finder that he is bullish on Ripple’s XRP. He wrote that the leading altcoin is a good investment for both the long-term and short-term horizons. He highlighted the blockchain network’s utility cases and its importance in the global fintech sector. As the blockchain technology advances each year, Ripple stands to gain from the development as it’s at the forefront.
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The University of Brighton Professor provided a price prediction, estimating that Ripple’s XRP could reach $6.10 by 2030. The Professor explained that XRP could surge in value during the next Bitcoin halving in 2028, which will set the stage for the price target of $6.10 by 2030. The last Bitcoin halving took place in April 2024 when its price went from $0.40 to $0.79 in three months.
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“XRP’s price will likely benefit a lot from the Bitcoin halving and potential regulatory clarity in the near and medium term. Volatility is still an issue in the short term. I notice many predictions are quite upbeat toward 2027,” he said. According to the Professor, XRP’s rally will start in 2027 and gain momentum in 2028 during the Bitcoin halving. From thereon, the target of $6.10 could be achievable by 2030, he states.
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