Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
XRP Price May Double by 2027 on Midterm Boost, Says Analyst, as Rich-List Threshold Falls
- XRP-USD
- COIN
-
Dominic Basulto sees a path to $2.80 XRP price by the end of 2027 if the midterms support a pro-crypto agenda.
-
Around 2,119 XRP places an account in the top 10% of wallets 8 data
-
Coinbase climbed to third in the entity-rich list after XRPScan identified 146 previously unlabeled wallets.
XRP price could double in value by the end of 2027 if November’s US midterm elections strengthen support for crypto-friendly policies
The forecast comes as updated wallet data puts the threshold for joining the top 10% of XRP Ledger accounts at approximately 2,119 XRP.
Separately, Coinbase has climbed to third place in XRPScan’s entity rankings following a wallet identification update that initially appeared to show a multibillion-token influx.
What Would It Take for XRP Price to Double?
In his Sept. 8 analysis, Basulto outlined a scenario in which victories for pro-crypto candidates help sustain favorable policymaking in Washington.
“That leads me to think that XRP could be among the biggest beneficiaries of the midterm elections,” he wrote, adding: “provided the right candidates win, of course.”
Basulto highlighted Republican Senate candidates Barry Moore in Alabama and Andy Barr in Kentucky as races to watch, both of which have seen substantial backing from the crypto industry.
Under his scenario, election victories would help preserve the political conditions for further reforms and encourage renewed investor interest in XRP.
He described a move from $1.40 to $2.80 as “certainly within the realm of possible outcomes.”
Basulto pointed to XRP’s rally following Donald Trump’s November 2024 election victory as proof that price can be sensitive to political developments.
However, his forecast depends on more than election results.
Favorable policies would need to translate into stronger demand for XRP, with buyers absorbing available supply at progressively higher prices.
XRP Rich-List Entry Threshold Falls
The amount of XRP needed to enter the top 10% of wallets has fallen from approximately 3,333 XRP in an earlier comparison to around 2,120 XRP.
The balance requirements rise sharply toward the top of the distribution:
At approximatley $1.40 price, the top-10% threshold represents approximately $2,967.
The top-1% threshold would be worth around $62,288.
Percentile rankings depend on both account balances and the total number of accounts.
Source: finance.yahoo.com