XRP's Price Drop Seen as Buying Opportunity by 2030, Says John Squire

John Squire, a prominent figure in the cryptocurrency space, has expressed his belief that by 2030, many investors will regret not purchasing XRP at its current price. This prediction comes amidst a prolonged bearish trend in the broader crypto market, where prices have seen a steep decline since January 20. The global market capitalization has dropped by more than $1 trillion, with Bitcoin struggling to hold above $80,000. XRP, too, has experienced significant losses, with its market cap falling from a peak of $195 billion in mid-January to approximately $133 billion—a decline of $62 billion.

Despite the current downturn, Squire and other analysts remain optimistic about XRP’s future. They point to regulatory progress and XRP’s strong performance in late 2024 as key indicators of potential growth. Squire maintains that the present decline in XRP’s price represents a key opportunity for investors to accumulate the asset before its value surges. This view is shared by several analysts who argue that market corrections often allow for strategic long-term investments.

A comparable situation occurred in 2020 during the market crash triggered by the COVID-19 pandemic. In March of that year, XRP plummeted to a low of $0.1140, providing an entry point for investors willing to take the risk. Those who invested $50,000 at that time secured approximately 438,596 XRP tokens. Even amid the current market slump, that investment is now worth over $1,008,771. Squire believes that today’s price movement mirrors the 2020 scenario and could offer similar potential gains. However, for this to materialize, XRP would need to appreciate substantially from its current price level. At $2.40 per token, XRP has already increased by 1,918% from its March 2020 low.

If XRP were to rise by a similar percentage from its current value, it could theoretically reach $46 per token. However, most price forecasts present more conservative expectations. For instance, well-known market analyst EGRAG has projected that XRP could reach $27, although he has not provided a specific timeframe for this prediction. Meanwhile, analysts at a cryptocurrency exchange have estimated that the token could trade between $13.86 and $23.10 by 2030. While Squire has not offered a precise price target, his confidence in the token’s long-term potential aligns with broader market sentiment. Many investors see the current dip as a strategic buying opportunity, given historical patterns and the increasing regulatory clarity surrounding the cryptocurrency.

Squire's prediction is based on the belief that XRP, with its unique technology and growing adoption, has the potential to become a major player in the global financial system. XRP is designed to facilitate fast and low-cost international money transfers, making it an attractive option for financial institutions looking to streamline their cross-border payment processes. As more institutions adopt XRP for their payment needs, the demand for the cryptocurrency is expected to increase, driving up its value.

Squire's comments also come at a time when the broader cryptocurrency market is experiencing increased scrutiny and regulation. As governments around the world grapple with how to regulate digital assets, XRP's compliance-focused approach may give it an edge over other cryptocurrencies. Squire suggests that XRP's regulatory compliance and partnerships with major financial institutions could position it as a safe and reliable investment option for investors looking to enter the cryptocurrency market.

However, Squire also cautions that investing in cryptocurrencies is inherently risky and that investors should conduct their own research before making any investment decisions. The cryptocurrency market is known for its volatility, and past performance is not indicative of future results. Investors should be prepared for the possibility of significant price fluctuations and should only invest money that they can afford to lose.