XRP Price Can Reach $25 if Bitcoin Hits $2.9 Million by 2050, VanEck Predicts

The crypto market has recently hit a roadblock, with Bitcoin and other assets facing major declines. Consequently, XRP has given up the $0.60 and $0.50 psychological thresholds, triggering angst among seasoned and new investors.

The price of XRP could reach new highs if it follows Bitcoin’s (BTC) trajectory and BTC reaches $2.9 million, as predicted by VanEck.

The crypto market has faced a downturn recently, with Bitcoin and other assets facing major declines. As a result, XRP has dropped below the $0.60 and $0.50 psychological thresholds, causing anxiety among both new and experienced investors.

Despite the downturn, market veterans believe that Bitcoin will eventually recover from the market crash. Such a recovery is expected to spread throughout the broader market, causing assets like XRP to rebound. For example, veteran trader Peter Brandt anticipates an imminent “pump” toward the $90,000 region.

VanEck Predicts Bitcoin to Hit $2.9M in 2050

Furthermore, the long-term outlook for Bitcoin remains bullish, with several predictions being made. One such prediction was recently made by leading asset manager VanEck. In a report last month, VanEck speculated that BTC could potentially reach a high of $2.9 million by 2050.

This value would mark a significant increase from Bitcoin’s current price. Notably, such an increase is likely to impact the rest of the market, with XRP expected to benefit from it. This is due to the close price correlation that exists between Bitcoin and altcoins like XRP.

While the relationship can be harmful to XRP’s growth during periods of market downturn, it can also benefit the altcoin when Bitcoin sees a rebound. As Bitcoin has recovered from the $50,000 level it retested earlier, now knocking at $55,000, XRP has also rebounded, looking to cross $0.50. CoinMarketCap data confirms this close price correlation.

XRP Price if BTC Reaches $2.9M

Hence, if Bitcoin reaches $2.9 million, XRP could experience a similar growth rate. For context, Bitcoin is currently trading at $54,754, down 19% over the past seven days. From this level, an increase to $2.9 million in 2050 would require a 5,215% jump within 26 years. Considering Bitcoin’s historical growth rate, such an increase is still possible.

However, XRP trades for $0.4939 at the reporting time, having dropped by 18.16% in the last week. If XRP follows Bitcoin’s trajectory over the next 26 years as BTC rises to $2.9 million, the altcoin’s price could reach $25.7945 in 2050.

While this price level seems ambitious, some market analysts expect XRP to surpass this point in a shorter timeframe. For example, analyst Javon Marks anticipates XRP spiking to a massive $150 price point. He arrived at this analysis based on a breakout from a multi-year downtrend.

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