Wednesday, May 21, 2025

Standard Chartered Predicts XRP Could Surge Over 500% and Surpass Ethereum by 2028

Standard Chartered Sees XRP Soaring: What Does This Mean for the Crypto Market?

An Eye-Catching Forecast

In a bold forecast, Standard Chartered has projected that XRP, the digital asset associated with blockchain technology firm Ripple, could soar to $12.5 by 2028. This would represent a staggering 550% increase from its current price of around $1.9, according to recent data from CoinGecko. Analysts at the bank believe that this price surge could catapult XRP above Ethereum, potentially making it the second-largest cryptocurrency by market capitalization, trailing only Bitcoin.

Market Dynamics: XRP vs. Ethereum

As of now, XRP ranks as the fourth-largest cryptocurrency, trailing only Bitcoin, Ethereum, and Tether with a market cap exceeding $110 billion. Current estimates place Ethereum’s market cap around $183 billion. Historically, XRP has at times eclipsed Tether, achieving a peak valuation of $190 billion earlier this year. This competitive landscape lays the groundwork for a significant market shift, should Standard Chartered’s projections hold true.

The Ripple Effect of Regulatory Changes

Geoffrey Kendrick, Standard Chartered’s head of digital assets research, asserts that a mix of favorable regulatory developments and institutional adoption is driving this optimistic outlook for XRP. Notably, the recent resolution of Ripple’s ongoing legal battle with the SEC marks a pivotal moment. By agreeing to pay $50 million in a settlement that does not require an admission of wrongdoing, Ripple has navigated past significant regulatory challenges that had clouded its operations for the past few years.

Kendrick notes that the SEC’s evolving stance toward cryptocurrencies showcases a broader shift in regulatory perspectives under the current administration. This increasingly hands-off approach could clear the path for broader acceptance and growth in the digital asset market.

ETF Hopes and Financial Inflows

Another significant factor influencing XRP’s projected growth is the anticipated approval of a spot XRP ETF by late 2025. Kendrick foresees that such an approval could result in substantial inflows, with estimates ranging between $4 billion to $8 billion in the first year alone. This prediction aligns with Similar findings from JPMorgan, which has indicated that ongoing trends observed in existing Bitcoin and Ethereum ETFs could be applicable to XRP.

Such inflows would not only add liquidity to the market but also enhance XRP’s legitimacy as a financial instrument, further attracting institutional interest.

A Promising Use Case in Cross-Border Payments

Kendrick emphasizes that XRP’s unique position in facilitating cross-border payments aligns with the increasing prevalence and acceptance of digital assets. He highlights the growing transaction volumes associated with stablecoins—a category where XRP has potential overlap. With the transaction volumes for stablecoins witnessing 50% annual growth, Kendrick suggests that XRP can leverage similar growth trajectories as it enhances its utility in the global payment landscape.

Kendrick believes the XRP Ledger (XRPL) serves as an evolving platform not solely restricted to payments but evolving toward a “tokenization chain.” This evolution could further amplify XRP’s use cases and its overall market value.

The Road Ahead: Price Projections

As for Kendrick’s price outlook, he estimates XRP could potentially reach $5.5 by the end of this year, pushing to $8 in 2026, and ultimately hitting that ambitious $12.5 target by 2028. These projections hinge on significant collaborative market movements, including Bitcoin reaching the monumental price of $500,000 within the same timeframe.

While Kendrick is optimistic about XRP’s future, he acknowledges the existing challenges, including a smaller developer ecosystem compared to rivals such as Ethereum and a lower transaction fee model. However, the fundamental drivers supporting XRP’s potential resurgence and growth seem robust enough to counterbalance these challenges.

Broader Crypto Strategy

Despite Kendrick’s positive sentiments towards XRP, he simultaneously keeps an eye on other cryptocurrencies like Bitcoin and Avalanche, suggesting they still hold strong potential. However, he expresses a more skeptical view regarding Ethereum, labeling it as an “identified loser” in the crypto race.

In summary, Standard Chartered’s insights shed light on exciting possibilities for XRP and the broader cryptocurrency landscape. As XRP prepares for potential regulatory advancements and market changes, the crypto community awaits to see if Kendrick’s projections will materialize and reshape the market as we know it.

Hot this week

Altcoins Maintain Robust Performance Amid Bitcoin Dominance Resurgence

### Altcoins Maintain Bullish Momentum Amid Market Consolidation The cryptocurrency...

Is Ethereum Set for a Breakout Following Recent Whale Transfer?

TLDR Over 105K ETH moved from Kraken to 8 wallets,...

Is the Hypothesis That AI Could Dismantle Bitcoin Valid?

The Hypothesis of the Clash Between AI and Bitcoin Recently,...

BetPanda: The Leading Platform for Crypto Gambling

BetPanda.io: The Premier Bitcoin Casino of 2025 In the fast-evolving...

Topics

Altcoins Maintain Robust Performance Amid Bitcoin Dominance Resurgence

### Altcoins Maintain Bullish Momentum Amid Market Consolidation The cryptocurrency...

Is Ethereum Set for a Breakout Following Recent Whale Transfer?

TLDR Over 105K ETH moved from Kraken to 8 wallets,...

Is the Hypothesis That AI Could Dismantle Bitcoin Valid?

The Hypothesis of the Clash Between AI and Bitcoin Recently,...

BetPanda: The Leading Platform for Crypto Gambling

BetPanda.io: The Premier Bitcoin Casino of 2025 In the fast-evolving...

Monday Morning Crypto Update: Essential Trading Signals for Altcoins | Flash News Overview

The Cryptocurrency Market Shakeout: May 19, 2025 On the morning...

Bitcoin, Ethereum, XRP, and Dogecoin Dip Following Historic Weekly BTC Close

### The Current Landscape of Bitcoin and the Crypto...

Related Articles

Popular Categories