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Standard Chartered’s recent coverage of XRP predicts a substantial price rally over the coming years, driven by expanding use cases and regulatory clarity.
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Geoffrey Kendrick, head of digital assets research at Standard Chartered, outlines a trajectory that positions XRP to challenge Ethereum’s market dominance, estimating a rise from approximately $2 to $12.50 by 2028.
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“By the end of 2028, we see XRP’s market cap overtaking Ethereum’s,” Kendrick stated, highlighting a significant shift in the crypto landscape.
Standard Chartered forecasts XRP could surge over 500% by 2028, driven by payments and regulatory support, potentially eclipsing Ethereum as the second largest crypto.
XRP’s Ascendancy: Predictions of Growth Driven by Payments and Tokenization
Standard Chartered’s analysis points towards a compelling future for XRP, particularly in its core function of facilitating cross-border payments and an enhanced focus on tokenization. According to Kendrick, the ongoing developments in regulatory frameworks and increasing institutional adoption are pivotal to this forecast.
Regulatory Developments and Institutional Adoption Fueling XRP’s Growth
A key moment cited by Kendrick is the U.S. Securities and Exchange Commission’s (SEC) decision to drop its appeal in the ongoing XRP case. This regulatory clarity, compounded by the anticipated approval of XRP spot ETFs in 2025, could attract considerable investment into the market. Kendrick predicts initial inflows to be between $4 billion to $8 billion in that first year, further bolstering XRP’s momentum.
Comparative Analysis: XRP and Stellar in the Tokenization Market
Kendrick draws parallels between the XRP Ledger and the Stellar blockchain, noting that both share a similar architectural foundation. He posits that while Stellar has established itself as a significant player in the tokenization space, XRP has the potential to mirror that success as Ripple expands its initiatives, such as tokenized U.S. Treasury bill funds and its own USD-pegged stablecoin, RLUSD.
Market Projections: The Road Ahead for XRP Until 2029
With a bullish outlook, Kendrick forecasts XRP could attain $5.50 by the end of this year, reach around $8.00 in 2026, and peak at $12.50 by 2028. These predictions assume a broader market context where Bitcoin itself reaches an impressive $500,000 within the same timeframe, suggesting strong relative performance despite inflationary pressures.
Challenges and Considerations in XRP’s Journey
Despite the optimistic growth trajectory, Kendrick acknowledges certain headwinds, including XRP’s relatively small developer ecosystem compared to competitors. The platform’s low-fee structure, while advantageous for users, may limit potential value capture. However, the underlying positive catalysts could mitigate these challenges effectively.
Conclusion: A Promising Future for XRP Amidst the Evolving Crypto Landscape
In summary, Standard Chartered’s detailed analysis indicates a highly favorable outlook for XRP, backed by regulatory advancements and innovative use cases. As financial ecosystems evolve, XRP’s potential positioning as a leader in both payments and tokenization may revolutionize its market standing, creating new opportunities for investors. The final takeaway is clear: while hurdles exist, the momentum behind XRP suggests an exciting and prosperous journey ahead.
