Standard Chartered has predicted that XRP could surge around 500% to reach $12.50 by the end of 2028, driven by its role in global payments and tokenization. The bank’s global head of digital assets research, Geoffrey Kendrick, expects an ETF approval, institutional adoption, and expanding use cases to fuel the rise.
Kendrick projects that XRP’s market capitalization will surpass Ethereum’s within the same timeframe, making it the second-largest non-stablecoin digital asset by 2028. He also anticipates a US Securities and Exchange Commission (SEC) approval of an XRP spot exchange-traded fund (ETF) in 2025, which could unlock $4 billion to $8 billion in inflows during its first year.
XRP’s utility is seen as a payments chain and tokenization chain, with Kendrick drawing comparisons to Stellar’s infrastructure. The analyst believes that despite XRP’s relatively small developer base and low-fee model, it will overcome these hurdles due to the positive drivers mentioned.
A transformative phase for XRP is underway in the US financial landscape, with multiple developments bridging into institutional markets. A 2x leveraged ETF tied to XRP futures has begun trading on NYSE Arca, while Coinbase has filed with the CFTC to launch nano XRP futures. Ripple’s $1.25 billion acquisition of Hidden Road marks a strategic leap in integrating XRP Ledger into global prime brokerage and enabling cross-asset settlement.
Overall, Standard Chartered’s prediction suggests that XRP is entering a new phase of growth, driven by regulatory momentum, institutional adoption, and expanding use cases.
Source: https://news.bitcoin.com/standard-chartered-sees-xrp-soaring-500-flipping-ethereum-as-second-largest-crypto