XRP Could Double by 2027 on Midterm Boost, Analyst Says

Motley Fool contributor Dominic Basulto projects XRP could reach $2.80 by the end of 2027 if November US midterm elections strengthen support for crypto-friendly policies. The forecast follows updated wallet data placing the threshold for the top 10% of XRP Ledger accounts at approximately 2,119 XRP.

In a Sept. 8 analysis, Basulto outlined a scenario where victories for pro-crypto candidates sustain favorable policymaking in Washington. He identified Republican Senate candidates Barry Moore in Alabama and Andy Barr in Kentucky as key races, noting both have received substantial backing from the crypto industry. Basulto described a move from $1.40 to $2.80 as a plausible outcome, citing XRP's rally following Donald Trump's November 2024 election victory as evidence of price sensitivity to political developments.

The forecast assumes that favorable policies translate into stronger demand, with buyers absorbing available supply at progressively higher prices. This demand-side shift is necessary to support the projected price increase, according to Basulto.

Wallet data from Sept. 8 shows the balance required to join the top 10% of XRP accounts has fallen from approximately 3,333 XRP to around 2,120 XRP. At a price of approximately $1.40, this threshold represents a value of about $2,967. Higher percentiles require significantly larger holdings:

Account Ranking	Minimum XRP Balance
Top 10%	2,119
Top 5%	7,434
Top 1%	44,492
Top 0.1%	275,715
Top 0.01%	3,600,814

Coinbase's position on the XRPScan entity rich list also changed following a wallet identification update. On Sept. 8, the XRP Rich List Bot reported an hourly increase of approximately 4,870% in Coinbase's attributed balance. XRPScan explained that it had labeled 146 previously unidentified Coinbase wallets, which pushed the exchange into third place with approximately 5.68 billion XRP across 152 accounts.

Ripple remains at the top of the entity rankings with 35.7 billion XRP held in escrow and another 3.78 billion, representing around 39.5% of the total supply. Upbit, a South Korean exchange, holds the second-largest position with 6.42 billion XRP spread over 12 accounts, a figure that accounts for roughly 6.4% of the circulating tokens.

Basulto's $2.80 target is more conservative than other recent forecasts. Standard Chartered cut its 2026 target to $2.80 while maintaining longer-term projections of $7 for 2027 and $28 for 2030. Analyst Charusan published a model in June projecting an eventual price of $324.22, based on an estimate that XRP-based infrastructure could handle $1.2 trillion in daily volume.