A developer within the XRP Ledger ecosystem who is associated with the meme coin DROP has recently made a bold prediction regarding the future value of XRP compared to bitcoin. This prediction suggests a significant shift in XRP’s value relative to bitcoin, marking the beginning of a new “price discovery” phase for the token.
Identified as @Bird_XRPL, the developer shared on X that he believes “5,000 XRP will be worth 1 Bitcoin in 2026.” To illustrate his point, Bird provided a specific price calculation, stating, “For example, 5,000 * $27 (XRP) = $135K (BTC).” This forecast, while attention-grabbing, is essentially a ratio trade indicating XRP’s potential to outperform BTC to the extent that 5,000 XRP could purchase one bitcoin at a particular price point.
Instead of merely following bitcoin’s price movements, Bird’s argument centers around a potential revaluation of XRP based on its utility narrative. By linking the example to specific price levels, he suggests that XRP’s market trajectory could involve a significant shift in perception regarding its value.
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XRP Entering ‘Price Discovery’ Phase
Bird’s prediction coincides with his analysis of XRP’s current setup in relation to broader market conditions and upcoming economic events in the US. He highlights that a price level above $2.70 for XRP could pave the way for new all-time highs, marking a crucial turning point. Bird emphasizes the significance of this moment, referring to it as the end of years of suppression and the beginning of a genuine price discovery phase for XRP.
His overarching thesis, shared earlier in January, focuses on viewing XRP as a long-term investment rather than a short-term trading opportunity. Bird suggests considering XRP as part of a savings plan, contrasting traditional bank yields with the erosive effects of inflation over time.
Bird positions XRP as a store of value tied to its expanding utility, emphasizing its role in cross-border payments, institutional adoption, stablecoins like RLUSD, and tokenization of real-world assets on the blockchain. He presents XRP as an alternative to fiat currency, highlighting its potential for growth and stability in the face of inflation.
Regarding the forecast, Bird emphasizes the importance of self-custody and reducing reliance on traditional banking systems. He sees the convergence of market factors and policy developments as setting the stage for a potential surge in XRP’s value, particularly if key price levels are surpassed.
As of the latest data, XRP is trading at $2.06.
Featured image created with DALL.E, chart from TradingView.com