XRP News Today: XRP's Price Could Reach $4,813 By 2030, Says Former Ripple Executive

Robert Mitchnick, a former executive at Ripple, has recently garnered attention due to his association with BlackRock and his involvement in a valuation model that projects a high price target for XRP. The model, co-developed by Mitchnick and Stanford professor Susan Athey, suggests a potential fair market value of $4,813 for XRP. This projection is based on two primary assumptions: XRP's use in global cross-border transactions and its function as a store of value. According to the analysis, if XRP were to facilitate 10% of global transactions by 2030 and capture 10% of global store-of-value demand, the price could reach thousands of dollars per unit.

At the time the model was published, XRP was trading at approximately $0.5281. The paper argued that XRP's market performance had been hindered by external factors such as regulatory actions and price suppression. It proposed that under conditions of unrestricted utility, XRP could achieve significant valuation increases. The model assumed a daily transaction volume of $700 billion and a total demand for storing XRP of $53 trillion by 2030, applying a 10% discount rate to account for the time value of money. The projected fair market value of $4,813 considered that escrowed XRP would remain locked, further limiting circulating supply and boosting price estimates.

Remi Relief, a crypto commentator, recently tweeted about Mitchnick's involvement, questioning whether his move from Ripple to BlackRock was voluntary or strategic. While there is no public confirmation on the nature of his transition, some in the community interpret it as significant, especially in light of BlackRock's increasing involvement in digital asset markets. Relief did not claim direct confirmation of Mitchnick endorsing the $4,000 target but noted the connection between his prior modeling work and his current position at a leading financial institution.

Although the original model did not account for all possible developments, such as the emergence of central bank digital currencies or other unforeseen innovations, it remains one of the more widely cited theoretical assessments of XRP's long-term price potential. It emphasized the asset's built-in scarcity and scalability benefits in global financial infrastructure. The resurfacing of this topic through Remi Relief and others brings renewed attention to a historical but influential valuation model that continues to inform sections of the XRP community's expectations.