XRP Price Surge Possible as Bitcoin Predicted to Hit $2.4 Million

Ark Invest predicts Bitcoin could reach $2.4 million by 2030, leading to XRP potentially hitting $56.75. This would represent a massive price increase for both assets, particularly XRP, which has historically followed Bitcoin’s trends. Analysts express caution regarding the time it may take for XRP to achieve such heights.

In a recent analysis by Ark Invest, a distinguished asset management firm, a bold prediction has emerged about Bitcoin’s potential to reach a staggering $2.4 million by 2030. This prediction is part of their ongoing series titled “Big Ideas 2025,” where they outlined various scenarios for Bitcoin’s future price trajectory based on current market conditions. Ark Invest suggests that even in a worst-case scenario, Bitcoin could still hit between $300,000 and $500,000, while their base case predicts a rise to $1.2 million.

To put this into perspective, if Bitcoin indeed approaches the $2.4 million mark, it signifies an astronomical 2,435% leap from its current trading price of roughly $94,000. Such a dramatic increase in Bitcoin’s value would likely ripple across the crypto market, benefitting other cryptocurrencies like XRP, which often mirrors Bitcoin’s performance.

Recent data from CoinMarketCap reveals that XRP has been tracking Bitcoin’s fluctuations closely. Over the past month, both assets have largely moved in sync, especially amidst ongoing macroeconomic challenges. For instance, in the last week, Bitcoin surged by 7.7% while XRP noted an increase of about 7.1%, indicating a strong correlation.

However, this strong connection has its risks; if Bitcoin falters, XRP may also decline. Yet, if Bitcoin embarks on a bullish trend to $2.4 million, analysts believe XRP will see a significant boost as well. Projections suggest that XRP could rise approximately 2,400%, translating its current price of $2.27 to around $56.75.

Market analyst Cryptominder has previously hinted at XRP climbing into the $50 range by 2030. Though Changelly analysts acknowledge this target as within reach, they caution that it may take longer—expecting a peak of about $50.12 by February 2033.

At a price of $56.75, XRP’s market capitalization would balloon to roughly $3.3 trillion, surpassing the current total valuation of the global cryptocurrency market. As it stands, XRP holds about 4.55% of market dominance. Maintaining this level while hitting $56.75 could push the global crypto market cap to an astonishing $72.53 trillion, with Bitcoin’s market cap potentially rising to $46.6 trillion based on its current dominance of 64.23%.

It’s crucial to note, however, that this analysis is purely informational and shouldn’t be seen as financial advice. Readers are urged to conduct their research before making any investments. The Crypto Basic, publisher of this analysis, highlights that these views are the author’s own and don’t necessarily reflect their official stance, nor do they accept liability for any financial losses incurred.