Armando Pantoja, a Benzinga crypto advisory board member, recently proposed a timeline for XRP to trade between $8 and $20.
Pantoja disclosed this timeline in his most recent commentary on X about XRP’s price outlook. In the post, he asserted that XRP’s true value lies between the $8 and $20 range, which he believes would be a reality by 2026. Moreover, Pantoja revealed that engaging with XRP is his most comfortable trade ever.
At the time of reporting, XRP trades at $0.4927. The asset must engineer a 15X surge to claim the lower boundary of Pantoja’s two-year projection. The $20 outlook demands a more challenging 3,959% growth. Considering this, Pantoja pinpointed five factors that back the ambitious outlook.
$XRP true value is $8-$20 by 2026. It's the easiest trade of my life.
1. Historical Precedent Powerhouse
2. Institutional Adoption Tsunami
3. Market Trends and Utility Explosion
4. Future Financial Services Demand
5. Legal Clarity & Partnerships will Boom pic.twitter.com/mrKjgrW6FZ— Armando Pantoja (@_TallGuyTycoon) June 18, 2024
Five Factors Supporting XRP Ascent to $20 by 2026
The first on the list is XRP’s six-year history. On January 02, 2017, XRP languished with two leading zeros, trading at $0.006031. Meanwhile, a year later, it set an all-time high at $3.84. This marked an incredible price surge of 63,571%, with XRP emerging among the outstanding performers of the 2017/2018 cycle.
While this value has diminished since its peak, the explosive trajectory remains a cornerstone for analysts projecting a double-digit value for XRP in the near future. Despite recent performance not supporting this view, they believe that historical precedent is poised to repeat.
Furthermore, Pantoja grounded his thesis of $20 XRP by 2026 on the potential institutional adoption of the asset. Notably, the community anticipates that a prominent asset manager will list an XRP spot ETF in the U.S. market starting next year.
Moreover, the pundit points to broader market trends, suggesting that as the crypto market experiences increased adoption and utility, XRP could benefit from this.
Another key factor is XRP’s potential role in meeting future financial service demands. Notably, XRP boasts utility in facilitating cross-border money transfers and settlement services.
Finally, Pantoja highlighted the significance of the regulatory clarity around XRP, stressing its potential to pave the way for more significant partnerships for Ripple.
