The XRP rate today is at $ 3.05, more than eight percent higher than yesterday. According to the British Bank Standard Chartered, this is only the beginning. The bank thinks that the currency can grow into one of the biggest players in the cryptowereld in the coming years.
XRP price goals according to Standard Chartered
Crypto analyst Geoffrey Kendrick from Standard Chartered outlines a clear growth path for the XRP course. At the end of 2025 he sees the coin standing around $ 5.50. A year later, XRP would move towards 8 dollars, followed by a breakthrough above 10 dollars in 2027. By 2028, Kendrick expects the coin to settle around $ 12.50. That would amount to a triple of the current value.
According to him, XRP can even use the attack on Ethereum. Now XRP with a market value of 182 billion dollars is still number three, while Ethereum is worth more than 573 billion dollars. But if XRP rises to $ 12.50, the total value will grow to around $ 743 billion. That would make XRP bigger than Ethereum is at the moment.
Yet Kendrick warns that Ethereum is not standing still. Standard Chartered assumes that the ETH Koers can amount to around $ 7,500 in the coming years. This means that Ethereum is likely to retain its lead, even if XRP rises hard.
Why Standard Chartered is so optimistic
The bank sees several reasons for a breakthrough of XRP. For example, in the US there is already speculation about a spot ETF, which may be able to attract billions of dollars as soon as it is approved. According to Standard Chartered, 4 to 8 billion dollars can flow towards XRP in the first year alone.
Ripple’s legal fight with the American stock market watchdog SEC has also been completed. Ripple put a settlement of 125 million dollars on the table and with that a large part of the uncertainty around the coin disappears.
In addition, the power of the XRP Ledger is increasingly mentioned as an alternative to the old and expensive Swift payment system. Ripple also works on stablecoins and tokenization, which can give XRP even more uses.
At the same time, the bank acknowledges that there are risks. The network of developers behind XRP is smaller than that of many other projects and the extremely low transaction costs ensure that relatively little value stays in the ecosystem. There is also strong competition from Stablecoins, other block chains and even central bank digital currency (CBDCs).
Bitcoin as a motor for the entire market
Standard Chartered does not see XRP separate from Bitcoin. According to Kendrick, Bitcoin can even rise towards $ 500,000 in 2029. Such a huge bullmarkt would also pull altcoins as XRP up.
If that scenario comes out, XRP can not only break its own records in the coming years, but also become a serious challenger for Ethereum.
Source: https://newsbit.nl/xrp-prijsvoorspelling-zo-hoog-kan-de-koers-staan-over-3-jaar-volgens-standard-chartered/
