XRP Price Predictions by Standard Chartered
In a recent report published on Tuesday, investment bank Standard Chartered (STAN) initiated coverage on the Ripple-associated cryptocurrency, XRP, forecasting its potential to surge to $12.50 before the conclusion of President Trump’s current term. The bank anticipates that XRP will achieve a price of $5.50 by the end of this year, escalate to $8 by the end of 2026, reach $10.40 by the close of 2027, and ultimately hit $12.50 by the end of 2028. As of now, XRP is trading approximately 9% higher at $1.94.
Standard Chartered highlighted that the price of XRP increased sixfold following Donald Trump’s election victory in November, driven by expectations that the Securities and Exchange Commission (SEC) would withdraw its appeal against Ripple. Additionally, there are optimistic sentiments around the potential approval of exchange-traded funds (ETFs) for XRP.
The bank believes that such remarkable gains are sustainable, attributing this to leadership transitions at the SEC and the unique advantage of XRP in facilitating one of the fastest-growing applications for digital assets: cross-border and cross-currency payments. Geoffrey Kendrick, the head of digital assets research at Standard Chartered, elaborated, “XRPL is akin to the primary use case for stablecoins, such as Tether: blockchain-enabled financial transactions that have traditionally been managed through conventional financial (TradFi) institutions.”
The report also noted that stablecoin transactions are projected to increase tenfold over the next four years. Stablecoins are cryptocurrencies pegged to other assets, like the U.S. dollar or gold, and they play a crucial role in the cryptocurrency markets, especially for international money transfers.
Moreover, Ripple is keen on expanding the capabilities of the XRP Ledger (XRPL) into the tokenization domain. The XRPL serves as XRP’s decentralized public blockchain and is primarily utilized for payment transactions.
These favorable dynamics suggest that XRP is likely to keep pace with its larger counterpart, Bitcoin (BTC), in terms of price growth. While the XRPL does face certain challenges, such as a limited number of developers and restricted value capture, the report asserts that these shortcomings are significantly mitigated by the positive momentum in the market.
