Standard Chartered has released a forecast that is generating significant interest among investors and analysts. The financial institution has begun covering XRP, the cryptocurrency developed by Ripple, and its projections are nothing short of ambitious.
According to Standard Chartered, XRP could see a significant increase of up to 500% over the next three years, driven primarily by its crucial role in cross-border payments and the growing adoption of asset tokenization.
In the long term, Standard Chartered's view suggests that XRP could surpass Ethereum in terms of market capitalizationEthereum, one of the most prominent and widely used cryptocurrencies, has long been a leader in the sector. However, growing competition and innovations in the XRP ecosystem could change this. The bank's prediction, which could be consolidated by 2028, reflects the growing confidence in XRP's potential in the markets.
BUY RIPPLEStandard Chartered's coverage of XRP
Standard Chartered's decision to initiate coverage of XRP marks a significant milestone for this digital asset. It's rare for a traditional financial institution of this caliber, with over 150 years in the market, to make such a strong statement about a specific cryptocurrency. Therefore, this move not only validates XRP's potential but could also attract the attention of institutional and retail investors looking for opportunities in the cryptocurrency market.
The British bank provided an in-depth analysis of the factors that could drive XRP growth, offering valuable insight for those looking to make informed decisions.
According to Bloomberg ETF analyst Eric Balchunas, Standard Chartered made a prediction that he called "superbullish» on the future price of XRP. The bank estimates that the cryptocurrency could reach a value of $5,5 by the end of this year. Also estimates that the price of XRP in 2028 will be around $12,5.
If the bank's predictions about XRP come true, Ripple's cryptocurrency could surpass the market capitalization of Ethereum, currently the second-largest cryptocurrency on the market after Bitcoin. According to estimates, XRP's market value could reach $700.000 billion in the next three years.
INVITE AND WIN"XRP could rise to $12,5 before President Trump leaves office", the investment bank said.
Bullish Outlook: Forecast of $12,50 in 2028
But Standard Chartered's report went beyond a technical analysis of XRP's price in 2028. The bank actually forecasts sustained growth for the cryptocurrency over time. Thus, by the end of 2026, it believes XRP will be worth $8, while by the end of 2027, its price could exceed $10.
Regarding the XRP price projection for the year 2028, this would represent an increase of more than 500% compared to the current price, around $1,8.
To launch these predictions, Standard Chartered delved into the fundamentals of XRP, such as its real-world utility and its potential to transform the way business is done international payments, in addition to the growing importance of the asset tokenization, an area where XRP is well positioned to play a significant role.
BUY RIPPLEThe spot ETF is a key factor in the "super bullish" momentum.
One key factor that could boost XRP's price is the potential approval of a spot XRP ETF (Exchange Traded Fund). Standard Chartered anticipates that the SEC could greenlight this financial instrument in the third quarter, unlocking between $4.000 billion and $8.000 billion in capital inflows in the first 12 months after approval. Additionally, the approval of a spot XRP ETF would make it easier for institutional and retail investors to invest in XRP without having to directly purchase and store the digital asset, which could significantly increase demand.
The potential launch of an XRP ETF would also add an extra layer of legitimacy to the asset. Considering that ETFs are subject to strict regulation, this would provide investors with greater confidence in the security and transparency of their investments. Furthermore, ETFs are typically available on major exchanges, which would also make XRP more accessible to a wider audience.
LINK CARD AND EARNCompetitor Analysis: Why XRP Could Overtake Ethereum
The prediction that XRP could overtake Ethereum in terms of market capitalization is a bold claim, given Ethereum's current dominance in the cryptocurrency space. However, Standard Chartered argues that XRP has several advantages that could allow it to overtake Ethereum in the coming years. One of these advantages is its focus on payments and tokenization, which are two rapidly growing areas in the cryptocurrency market.
Furthermore, Ripple's recent partial legal victory against the SEC has removed a significant regulatory uncertainty that weighed on XRPThis victory has paved the way for further institutional adoption and bolstered investor confidence in the cryptocurrency.
The legal battle between Ripple and the SEC has been a central topic in the cryptocurrency market for years. Therefore, the SEC's withdrawal of its appeal in the lawsuit against Ripple has been seen as a sign that regulators are beginning to take a clearer and more constructive approach to cryptocurrencies. This regulatory clarity could be an important catalyst for institutional adoption of XRP.
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XRP, a digital asset with great growth potential
In conclusion, Standard Chartered's analysis suggests that XRP is a digital asset with significant growth potential in the coming years. Its focus on payments and tokenization, its increased energy efficiency, and its recent partial legal victory against the SEC, coupled with the potential approval of a spot ETF, are factors that could drive its adoption and price upward.
BUY XRP HEREThe prediction that XRP could surpass Ethereum in terms of market capitalization is bold, but it's not far-fetched. The competition between XRP and Ethereum will be a closely watched event in the coming years, and the final outcome will have a significant impact on the future of the cryptocurrency market.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
