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$XRP Robert Mitchnick, a former Ripple executive who now serves as BlackRock’s head of digital assets, once published research predicting a double-digit target for XRP.
AllInCrypto (@RealAllinCrypto), a well-respected analyst, recently highlighted this research in a video on X, connecting Ripple and BlackRock through one of the most senior figures in digital assets today.
Mitchnick’s career includes a period at Ripple before joining BlackRock in February 2018. At the time of his move, he co-authored a research report analyzing digital assets and their potential valuations.
The analyst stressed that this document is significant not only for Bitcoin but also for XRP. According to him, it provided numerical scenarios that many in the community have overlooked.

✨High Price Targets for XRP
AllInCrypto explained that Mitchnick’s report modeled potential success and failure cases for XRP, with the double-digit estimate for the asset’s future price. According to his explanation, the same report set a low estimate of $6.37, still well above XRP’s current trading level.
The report then narrowed the forecast into what it called a fundamental value range. “The resulting fundamental value range of between $1.59 to $8.23” was reached after assigning a 25% probability to the success case, with the failure case assuming XRP would be worth nothing. He contrasted this with XRP’s trading range of $0.49 to $3.72 at the time of publication.
✨BlackRock Connection Adds Weight
AllInCrypto emphasized the importance of Mitchnick’s role today. He noted that the same individual who contributed to that report now holds one of the most senior digital asset positions in global finance. Mitchnick has been at BlackRock for a long time, and AllInCrypto stated that the continuity of his influence makes the earlier valuations more noteworthy.
While BlackRock has not filed specifically for an XRP exchange-traded fund (ETF), its presence in the digital asset space has grown considerably. The fact that the firm’s digital asset strategy is overseen by a former Ripple employee has created natural interest around XRP among investors and market commentators.
The analyst placed Mitchnick’s XRP estimates alongside his earlier views on Bitcoin. At the time of publication, the report suggested that Bitcoin was undervalued, with its trading range compressed relative to projected long-term value. By linking these assessments, AllInCrypto argued that the high estimate of $32.91 should be taken seriously.

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