Bitwise CIO Forecasts XRP to Reach $29 by 2030 Driven by Global Tokenization Expansion

Bitwise CIO Matt Hougan outlines a "max case" scenario where XRP hits $29.32 by 2030, driven by a 2% share of the $10.9 trillion tokenization market.

By: AXL Media

Published: Apr 26, 2026, 8:01 AM EDT

Source: Information for this report was sourced from 24/7 Wall St.

A Detailed Roadmap for Long-Term Valuation

Bitwise CIO Matt Hougan has introduced one of the most granular price models for XRP, utilizing a Capital Asset Pricing Model (CAPM) to project values through the end of the decade. The report, titled "Investment Case for XRP," outlines a "max case" scenario where the token closes 2026 at $6.53 before ascending to $29.32 by 2030. This trajectory would represent a approximately 20x gain from current price levels, driven by an estimated 46% annualized return. Bitwise analysts suggest that such growth is contingent upon XRP successfully transitioning from a speculative asset to a foundational layer for institutional finance.

The Tokenization Engine of the Max Case

The primary driver behind the $29 price target is XRP’s potential footprint in the burgeoning real-world asset (RWA) tokenization sector. Bitwise assumes that the XRP Ledger will host between $109 billion and $218 billion in tokenized assets by 2030, representing 1% to 2% of the total projected global market. While the XRPL currently hosts approximately $2.3 billion in RWAs, the model anticipates a massive scaling phase. Analysts also point to XRP’s native fee-burn mechanics, which could act as a deflationary amplifier if transaction volumes scale to the levels required for institutional cross-border payments.

The Bull Case: Realistic Growth Expectations

For investors seeking a more moderate outlook, Bitwise’s "bull case" forecasts XRP reaching $12.68 by 2030. This scenario assumes steady but unspectacular growth, with the token performing in line with the broader cryptocurrency market. Under this model, XRP would see annualized returns of 27%, resulting in a 9x gain from its current trading range. The firm describes this as the most probable outcome if institutional adoption continues at its current pace without major regulatory surprises or massive competitive disruptions from private stablecoins.