The XRP Price is Poised for a Significant Rally as Its Technical Indicators and Fundamentals Converge

XRP has some of the best fundamentals in the crypto industry. First, the network recently launched a stablecoin that is slowly gaining market share

The price of XRP could surge significantly as its technical indicators and fundamentals converge. The coin has formed a giant bullish pennant pattern, while Ripple Labs is supercharging its ecosystem growth organically and through acquisitions. This article explores whether XRP can realistically surge from $2.2 to $100 by 2030.

There is a Case for a Higher XRP Price by 2030

XRP has some of the best fundamentals in the crypto industry. First, the network recently launched a stablecoin that is slowly gaining market share in the crypto industry. It has already crossed the important milestone of a $320 million market cap, and this growth will likely continue in the coming years.

RLUSD remains a small player in a large pond, where Tether (USDT) dominates with its $148B capitalization. Still, eventually, RLUSD will become a significant part of the XRP Ledger due to the estimated market size of the stablecoin market.

Visa estimates that these tokens will be worth $1.6 trillion by 2030. If this is true, and RLUSD achieves a 5% market share, it will have over $80 billion in assets. Assuming that US Treasuries yield 3% annually by then, it will generate more than $2.4 billion in annual revenue.

Second, there is a likelihood that the Securities and Exchange Commission (SEC) will approve over ten spot XRP ETFs this year. JPMorgan estimates inflows of $8 billion in the first year. Assuming this is accurate, and assuming that the annual inflows will average $1 billion, it means that there will be more than $13 billion in inflows by then.

Third, and most importantly, Ripple is keen to become a major player in the payment industry. The RippleNet payment technology is widely seen as a better option compared to Swift because of its faster speeds and low transaction costs.

With the SEC vs Ripple case done, there are signs that it will focus on this business in the next few years and gain market share. Again, a 10% market share is a huge one for the XRP Ledger. Since Swift handles $150 trillion a year, it means that the RippleNet would be handling $15 trillion.

Why Ripple Price Will Not Hit $100 by 2030

Everything is usually possible in the crypto market as evidenced by Bitcoin's surge from below $1 in 2009 to nearly $100,000 today. However, it seems like a far-fetched idea that the XRP price will surge from the current $2.2 to $100 by 2030.

XRP has a market cap of $130 billion. Assuming its circulating supply remains intact at 58.4 billion by 2030, it means that the coin will have a market cap of over $5.8 trillion. XRP would have a fully diluted valuation of $10 trillion if it jumped to $100 by 2030. These are huge numbers considering that the world Gross Domestic Product (GDP) is about $110 trillion today.

A Realistic XRP Price Forecast for 2030

The most optimistic XRP price forecast predicts a price of approximately $24, representing a 990% increase from the current level. Such a move would bring its market cap to $1.4 trillion, less than Bitcoin's $1.9 trillion.

This target is achieved by using the weekly chart above. This chart shows that the coin is slowly forming a giant bullish pennant pattern whose flagpole is 620% tall. Measuring the same distance from the upper side of the flag points to a surge to $24.

Everything described above needs to happen perfectly, and the crypto market needs to be on a strong rally.