Ripple's (XRP) price is expected to touch $2.55 by the end of the year, according to a new analysis by finance trend survey platform Finder.
The analysis, which was revised on May 4, involved polling a panel of 36 industry experts for their predictions on how XRP will perform over the next decade, regardless of whether Ripple wins or loses its case with the Securities and Exchange Commission (SEC).
Despite the fact that XRP has lost over 84 percent of its value since reaching an all-time high of $3.84 in January 2018, the analysis forecasts a 260 percent increase in XRP price to $2.55 for the rest of the year if Ripple wins its case with the SEC. However, if Ripple loses, the coin's value might plummet to $0.68. Another panel of fintech experts predicted a high of $2.79 for XRP before the end of the year, according to the latest research.
The group also predicts that the value of XRP will reach $3.61 by the end of 2025, before climbing to $4.98 by 2030. XRP is currently trading at $0.61.
Despite the bullish forecasts, not all panelists thought XRP would reach such levels. Should Ripple win its case, Matthew Harry, the head of funds at DigitalX Asset Management, estimates that XRP will only reach $5 by December 31, 2022. XRP's behavior, in his opinion, only proves that it is a speculative asset with no real value.
Harry said: “The XRP token is worthless for anything other than speculation. The underlying technology is terrific but the token itself does not currently have a use, it simply attracts speculators as it is cheap and an easily digestible value prop – none of which is born out in the token.”
Daniel Polotsky, the founder of CoinFlip, makes an even scarier prognosis, predicting that XRP will only reach $0.90 by the end of the year. He also believes that the crypto asset is based more on excitement than practical use.
Only 23% of the panelists suggested buying XRP, with 45 percent recommending HODL and 32 percent saying now is the time to cut bait. Despite the fact that XRP has been bruised by an ongoing legal struggle between Ripple and the SEC, the panel was convinced that once the issue is resolved, XRP's rise will resume.
The judge in Ripple's case changed the procedures calendar last week, indicating that the matter will be resolved before the end of the year. According to the panel, focusing on rebuilding confidence in XRP by developing relationships with a larger number of big-name corporations, in addition to a court win, might spark a bullish storm for the XRP price.