XRP Rallies as Former Goldman Analyst Backs $1,000 Target

XRP (XRP) price climbed 9.3% on Monday, reaching an intraday high of $1.29, as large wallets increased their share of the supply and a $1,000 price forecast resurfaced.

The move tracked a broader altcoin recovery after the United States and Iran reached a deal, easing pressure on risk assets.

What Drove the XRP Price Rebound

Market sentiment around XRP had fallen to its weakest level since October 2025, according to data from analytics firm Santiment. However, the firm noted that periods of extreme pessimism have often preceded strong price rebounds, as some of XRP’s biggest rallies have emerged when investor interest was at its lowest.

The turnaround was aided by easing geopolitical tensions, which helped lift risk appetite. Bitcoin rose to around $65,300 following the development, while oil prices dropped more than 3%. Gold, meanwhile, gained nearly 2%.

The positive momentum extended beyond Bitcoin, with several major altcoins also posting gains. After yesterday’s climb, XRP is also flashing green today. At press time, it traded at $1.22, up 3.25% over the past day.

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Whale Accumulation Builds

Besides geopolitical factors, the cryptocurrency is also backed by its large holders. On-chain data shows wallets holding at least 1 million XRP now control 74.1% of the supply. These holders added roughly 1.53 billion tokens over the past six months.

“Traders are also keeping a close eye on Ripple’s expanding institutional payment network and growing tokenization initiatives on the XRP Ledger, both of which have helped maintain long-term confidence despite recent price weakness. When improving macro conditions align with steady whale accumulation, sharp recoveries like this will generally happen quickly,” Santiment said.

XRP Could Hit $1,000 by 2030, EasyA Co-Founder Predicts

Amid this, Dom Kwok, co-founder of learning app EasyA and a former Goldman Sachs analyst, has set a long-term target of $1,000 for XRP by 2030. He ties the forecast to the use cases and a coming wave of new crypto users.

Kwok compares blockchains to the early internet. He notes that the web reached mass adoption only after websites found a real use case.

The difference, in his view, is where value lands. Value can accrue to XRP itself as applications build on the XRPL, rather than bypassing the token.

“Essentially, once those applications get built out, those different use cases come to the blockchain, which then filters down to the blockchain, and ultimately it also filters down to the token,” he told BeInCrypto. “There isn’t really any utility to Bitcoin. Whereas with something like XRP, there’s a ton of utility.”

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He also leaned on adoption math. 

“Only 7% of the world currently owns crypto,” he said, calling it a very small number. 

Thus, when the rest arrive, he expects them to skip the majors. He argued that newcomers are priced out of the larger assets but not XRP. 

“They aren’t buying Bitcoin and Ethereum, they’re really going to be buying XRP,” Dom said. 

For context, a move from $1.22 to $1,000 would represent a gain of roughly 81,867%. Achieving that target within four years would require XRP to add trillions of dollars in market value and reach a market capitalization exceeding $60 trillion.

Such growth would likely require unprecedented adoption, a dramatic expansion of the crypto market, and widespread use of the XRP Ledger across global financial and commercial applications.