Bitwise Sees XRP Reaching $29 by 2030 Amid Favorable US Policy

Bitwise Asset Management has released a comprehensive report titled “The Investment Case for XRP,” aimed at institutional investors. The report, authored by Bitwise’s Chief Investment Officer Matt Hougan and analyst Ayush Tripathi, provides a detailed examination of XRP’s market standing, technological framework, and potential returns on investment. The 33-page guide is designed to offer financial professionals a fundamental and valuation-driven perspective on XRP.

Bitwise positions XRP as a longstanding player in the crypto industry, having been launched in 2012 and powering over 2.8 billion transactions. Despite its legacy, XRP remains a divisive token. Proponents highlight its low-cost, high-speed blockchain and alignment with regulatory structures, while critics point to concerns around centralization, token distribution, and regulatory history. The report acknowledges these debates but focuses on the potential for XRP to gain traction in the institutional investment space.

A central theme in the report is the evolving U.S. regulatory environment. Bitwise notes the impact of XRP’s legal conflict with the SEC but believes that the post-2024 political climate, particularly under the current administration, has introduced favorable conditions for XRP. The government’s recent inclusion of XRP in a strategic digital asset reserve is seen as a significant milestone, signaling growing institutional acknowledgment of the token’s potential. This shift is part of a broader pivot toward a more accommodative policy framework for digital assets, especially in the payments and tokenization sectors.

Using the Capital Asset Pricing Model (CAPM), Bitwise created a range of forecasts for XRP under differing market and regulatory conditions. In its most optimistic projection, XRP could reach $4.48 by the end of 2025, with continued appreciation into double-digit territory by 2028, potentially reaching $20 by 2029 and peaking at $29 in 2030. This scenario assumes XRP secures a meaningful share of the global tokenization market, which is forecast to reach $11 trillion by the decade’s end.

A more conservative outlook sees XRP climbing to $3.90 by 2025, with incremental gains leading to a value of $13 by 2030. This path assumes steady growth in adoption, improved legal clarity, and continued development within the XRP ecosystem, implying an average annualized return of approximately 27%.

Bitwise also outlines a less favorable scenario where XRP struggles to find product-market fit in a crowded digital asset landscape. Under this projection, XRP may dip to $1.82 this year, fall to $1.07 by 2026, and potentially plummet to $0.13 by 2030. This negative case suggests an annualized loss of 59%, emphasizing the risks associated with any allocation to XRP under less-than-ideal conditions.

The report has sparked vibrant conversations across the XRP community and beyond. While it stops short of making an outright recommendation, its publication validates XRP’s legitimacy as an investable digital asset. As the crypto market matures and institutional capital becomes more selective, tools like Bitwise’s XRP guide are helping bridge the knowledge gap between legacy finance and blockchain-based assets. Whether XRP realizes its potential or not, it is clear that it remains a key subject of institutional interest heading into the next market cycle.