BlackRock Executive Predicts XRP Price Based on Real Value Proposition
💡 Robert Mitchnick, once part of Ripple and now serving as BlackRock’s Head of Digital Assets, had previously co-authored research predicting a double-digit price target for $XRP
Recently, crypto analyst AllInCrypto (@RealAllinCrypto) brought this research back into the spotlight, highlighting the unique Ripple–BlackRock connection through one of the most influential names in digital assets today.
🔑 Mitchnick’s Background
Worked at Ripple before joining BlackRock in Feb 2018.
Co-authored a detailed research report on digital assets and long-term valuations.
That very report included bold price scenarios for $XRP
✨ High Price Targets for $XRP
According to AllInCrypto:
The report modeled a success case with double-digit XRP prices.
Even the low estimate was $6.37, well above current levels.
A fundamental value range of $1.59 – $8.23 was defined, assigning a 25% probability to success, while the failure case assumed XRP could go to zero.
📊 At that time, XRP was trading between $0.49 – $3.72.
✨ Why the BlackRock Link Matters
Mitchnick now holds one of the most senior digital asset roles at BlackRock.
His earlier valuation work is now even more significant.
While BlackRock hasn’t filed for an XRP ETF, its growing crypto strategy is overseen by a former Ripple executive.
This creates natural curiosity and attention around XRP.
🔥 Bitcoin & XRP Connection
The same report also called Bitcoin undervalued at the time.
XRP’s high estimate was $32.91.
AllInCrypto argues these targets should not be ignored today.
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