In an interview at the New York Stock Exchange (NY-SE), Phil Kwok, co-founder of the EasyA platform, explained why he believes XRP could rise to $1,000 by 2030 — provided the XRP ecosystem finally experiences its DeFi breakthrough.
💬 'A DeFi breakthrough on the XRP Ledger could catapult XRP into the league of Ethereum' — Kwok compares the potential to the DeFi explosion that massively increased Ethereum's market capitalization.
🎯 Core arguments from the report
DeFi as a central growth driver: XRP has not yet developed a DeFi platform like Ethereum — with this missing infrastructure, Kwok sees enormous untapped potential.
Stablecoin plans: Kwok additionally proposes an XRP-backed stablecoin that could potentially be considered 'permanent hard money' – supported by developments in the Flare ecosystem.
Relation to current valuation: XRP is currently trading at around $3.17 with a market capitalization of about $150–190 billion. To reach $1,000, a roughly 31,445% increase would be needed – thus a multi-trillion market value.
🔍 Market reality & assessments
Current analysts take a more realistic approach: In the near future, experts see XRP at prices between $5 and $20 — many consider Kwok's forecast to be extremely speculative.
Technical indicators: The charts recently show a 'golden cross' – bullish momentum with RSI values around 62, but still room before overbought zones. Macro influences such as ETF volatility weigh on the short term.
Conclusion
Kwok's forecast could theoretically come true if the XRP Ledger can build a robust DeFi ecosystem. However, without development, the goal of $1,000 remains unrealistic. For short- to medium-term trading, more conservative price targets are more understandable.
Source: https://thecryptobasic.com/2025/07/29/easya-founders-predict-xrp-could-reach-1000-in-interview-at-the-new-york-stock-exchange/?utm_source=chatgpt.com
