XRP is up 7.1% in the last week. This increase closely follows Bitcoin’s substantial increase and adds to the speculation of what XRP’s price could be in the future. As of this writing, XRP trades at $2.27. Its trajectory follows Bitcoin’s movements almost perfectly, even as Bitcoin’s most bullish projections are calling for Bitcoin to climb to $2.4 million. This article explores the potential implications of such a surge for XRP, examining both bullish projections and more conservative analyses.

The Bullish Scenario: XRP at $56.75

Such an enormous XRP increase even on the same scale as Bitcoin’s expected USD value increase to $2.4 million, would still only send its price to $56.75. At this price, XRP’s market capitalization would reach a staggering $3.3 trillion. This radical turnabout would send shockwaves through the worldwide cryptocurrency market. If so, it will likely make its overall capitalization leap to $72.53 trillion. The projection is purely based on the current correlation between Bitcoin’s and XRP’s price movements. By extension, a 2,435% rise in the price of Bitcoin to $2.4 million would have a similar 2,400% effect on the price of XRP.

Almost the same as Bitcoin would require it to go up to $2.4 million – a truly impressive 73% CAGR. This tidal wave of attention would surely crash across the whole crypto landscape, lifting all tokens—including XRP—along with it. This expected expansion has led to investor exuberance and speculation savon.

Analyst Outlook: A More Measured Approach

Although the possibility of XRP hitting $56.75 is appealing, expert analysts provide a more realistic prediction. Changelly experts do not expect XRP to climb this high in the next five years. Nonetheless, they anticipate a potential run to $50.12 as XRP’s top price in February 2033. Market analyst Cryptominder has predicted XRP price reaching the $50 mark by 2030.

The Bitcoin Connection

Indeed, XRP’s surge of late is similar to Bitcoin’s remarkable 7.7% increase over the past week. This trend illustrates the high degree of correlation between these two cryptocurrencies. This correlation suggests that Bitcoin's performance significantly influences XRP's market behavior. Every investor is glued to Bitcoin’s feet right now. If it increases to $2.4M, it will result in major increases in value for XRP.