XRP Could Enter Unprecedented Price Territories if Bitcoin Attains the $1 Million Mark That Bernstein Analysts Anticipate

XRP has been stuck in a holding pattern, lingering just shy of the $0.50 mark for days. As of now, XRP is trading at $0.486

XRP price has shown little movement over the past few days, remaining close to the $0.50 level. At the time of writing, XRP is trading at $0.486, having slipped by 1.08% over the past 24 hours. However, XRP has still declinedはかなり substantially over the past month, shedding 8.35% of its value.

This lackluster performance also extends year-over-year, with XRP investors sitting on a 4.66% loss since 2023.

On the other hand, XRP is still hoped to be among the beneficiaries of a buoyant crypto market, where premier asset Bitcoin trades at a $1 million price point.

Bitcoin to Reach $1M

Among the latest industry pundits to forecast a $1 million value for Bitcoin are market watchers at billion-dollar asset manager Bernstein. Their recent analysis suggested that the premier crypto could reach this ambitious value within the next nine years.

Meanwhile, former Twitter CEO Jack Dorsey proposed a more aggressive timeline during a podcast in May, arguing for a $1 million Bitcoin price within the next six years.

Interestingly, at a $1 million price, Bitcoin would command a market cap of $20 trillion. Considering Bitcoin’s typical dominance of around 50%, this suggests that the total cryptocurrency market, including leading altcoins like XRP, could reach a combined market cap of $20 trillion.

In essence, XRP stands to benefit significantly from Bitcoin’s surge to $1 million. This begs the question of what XRP’s value might be in such a scenario.

XRP Price if Bitcoin Hits $1M

For Bitcoin to reach $1 million, it would need to increase by 1,456% from its current value of $64,246. If XRP experiences a similar percentage growth from its current price of $0.486, it would reach around $7.56.

However, it’s worth noting that altcoins are often known to outpace Bitcoin, suggesting that XRP could potentially exceed this projected growth if Bitcoin follows such a trajectory.

Several prominent crypto community analysts, such as analyst EGRAG and crypto founder Nick, dispute that it could take more than six years for XRP to reach $7.56. In fact, they’re optimistic that XRP could cross $10 by next year.

Others, such as crypto Youtuber Ben, even project that XRP might reach between $200 and $500 by 2030, although critics dismiss these projections as being overly optimistic.

News source：https://www.kdj.com/cryptocurrencies-news/articles/xrp-enter-unprecedented-price-territories-bitcoin-attains-mark-bernstein-analysts-anticipate.html

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