Standard Chartered, through its Digital Assets Research division, forecasts XRP to potentially reach $12.50 by 2028. This insight surfaced from an analysis led by Geoffrey Kendrick, highlighting regulatory clarity and potential ETF approvals.
The prediction does not come from Ripple’s leadership or official statements. The current forecast originated with Geoffrey Kendrick of Standard Chartered, focusing on XRP’s enhanced payment utility and regulatory prospects. Other Ripple executives have remained silent.
XRP Market Cap Might Hit $700 Billion on Forecast
Market observers predict ripple effects on XRP's market cap, potentially driving it towards $700 billion. However, no immediate large-scale funding or direct institutional investments have followed the prediction.
The anticipated approval of XRP ETFs in the U.S. could boost mainstream adoption, escalating assets under management significantly. Historical regulatory shifts in the crypto world have initiated comparable price reactions, aligning with Standard Chartered's forecasted trajectory.
Historical Trends Support Standard Chartered’s XRP Prediction
In 2017–2018, XRP and other altcoins faced similar projections without achieving multi-million dollar valuations. Previous regulatory milestones have driven surged investor interest, though sustainability of such increases remains subject to financial ecosystem dynamics.
Experts at Kanalcoin suggest that XRP's projected growth by Standard Chartered aligns with previous crypto trends observed during positive regulatory turns. Data-driven analysis indicates potential upward momentum crucial for reaching their target price levels.
Geoffrey Kendrick, Global Head of Digital Assets Research, Standard Chartered, commented:
"XRP’s market cap could hit $700 billion... [driven by] ETF approvals and payment adoption. XRP’s payment focus gives it an edge over Ethereum’s broader scope."