Analyst Forecasts XRP Price to Double by 2027 on Midterm Election Boost
Motley Fool contributor Dominic Basulto has outlined a scenario in which victories for pro-crypto candidates in the upcoming US midterm elections could lead to a significant increase in the price of XRP. According to Basulto, a favorable outcome could result in a price of $2.80 by the end of 2027, representing a potential doubling of the current price.
Threshold for Top 10% of XRP Wallets Falls to 2,119
The forecast comes as updated wallet data puts the threshold for joining the top 10% of XRP Ledger accounts at approximately 2,119 XRP. This represents a decrease from the earlier comparison of around 3,333 XRP. The balance requirements rise sharply toward the top of the distribution, with the top 1% threshold worth around $62,288 at the current price of $1.40.
Context and Significance of Midterm Elections
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. He pointed to the rally in XRP's price 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, with favorable policies needing to translate into stronger demand for XRP.
Entity Rankings and Coinbase's Rise to Third Place
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. The updated ranking listed approximately 5.68 billion XRP across 152 Coinbase-associated accounts. Meanwhile, the updated entity rankings continue to place Ripple at the top, with 35.7 billion XRP held in escrow and another 3.78 billion, representing around 39.5% of XRP's total supply.
Comparison to Other Forecasts and Implications
Basulto's $2.80 scenario sits below many of the extreme forecasts circulating among XRP supporters. Pseudonymous commentator CryptoBull previously pushed a $27 XRP price by the end of October, while Standard Chartered has outlined substantial longer-term upside, including a revised February forecast of $7 for 2027 and $28 for 2030. Analyst Charusan has also published a model projecting an eventual XRP price of $324.22, citing the potential for XRP-based infrastructure to handle $1.2 trillion in daily volume across clearing and cross-border banking.
What to Watch Next
As the US midterm elections approach, investors will be watching closely to see how the outcome affects the price of XRP. A favorable outcome could lead to increased demand and a potential doubling of the price by the end of 2027. However, the forecast depends on more than election results, with favorable policies needing to translate into stronger demand for XRP.
