Standard Chartered has initiated coverage on XRP with a highly bullish outlook, forecasting the token could surge over 500% to $12.50 by 2028.
Analyst Geoffrey Kendrick believes XRP’s market cap will surpass Ethereum’s, making it the second-largest non-stablecoin crypto. The forecast is driven by growing real-world utility, regulatory clarity, and increasing institutional adoption, especially in cross-border payments and tokenization.
Kendrick expects XRP spot ETFs to gain SEC approval by Q3 2025, potentially attracting $4–8 billion in inflows. Ripple’s tokenization efforts, including tokenized U.S. Treasury funds and the RLUSD stablecoin, further boost confidence in XRP’s future.
XRP is projected to hit $5.50 by the end of 2024, $8.00 by 2026, and peak at $12.50 in 2028, staying near that level through 2029—assuming Bitcoin reaches $500,000 in the same period. While XRP faces challenges such as a smaller developer ecosystem and low transaction fees, Kendrick sees its expanding use cases as key growth drivers.
He remains bullish on Bitcoin and Avalanche (AVAX), calling them “identified winners,” while taking a more cautious view on Ethereum, lowering his 2025 price target for ETH to $4,000 and labeling it an “identified loser.”
Image Credits: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
