- Standard Chartered projects XRP will hit $8 by 2026.
- Potential 400% price increase.
- Geoffrey Kendrick leads the analysis.
Standard Chartered forecasts a 400% rise in XRP price to $8 by 2026, indicating significant growth potential according to their latest analysis.
These projections impact XRP’s market perception, indicating substantial potential gains, generating optimism among investors and stakeholders. Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated,
“The forecast for XRP indicates a potential 400% gain from current levels, predicting it could reach $8 by the end of 2026.”
Analysis by Geoffrey Kendrick
Standard Chartered, led by Geoffrey Kendrick, predicts XRP could see a 400% growth by 2026. The bank forecasts a price of $8 by the end of 2026 with the potential for further gains as regulatory landscapes become clearer. XRP price could reach $12.50 by 2028, predicts Standard Chartered
Kendrick, a seasoned analyst at Standard Chartered, underlines the influence of potential regulatory clarity under new SEC leadership. The analysis also considers a US-listed XRP ETF, predicting inflows of $4.4 billion to $8.3 billion within the first year, reflecting optimism in the market.
XRP, currently priced around $1.94, is poised for a significant market shift. The expected price trajectory mirrors Bitcoin’s anticipated growth, drawing comparisons to previous considerable hikes and emphasizing XRP’s utility in cross-border transactions similar to stablecoins, enhancing efficiency for financial institutions.
The projections suggest substantial institutional involvement could elevate XRP’s market presence. XRP’s use in cross-border transactions and anticipated regulatory approvals play vital roles in these expectations. The shift is rooted in historical trends, such as the 580% rise after Donald Trump’s election, implying a receptive market. Standard Chartered Analysis
Standard Chartered’s analysis highlights Ripple’s ambition in the tokenization landscape, positioning XRP Ledger (XRPL) for prominent roles in real-world asset tokenization. The forecasts suggest regulatory and technological developments may contribute to sustained growth, aligning with investor optimism.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |