Standard Chartered Predicts XRP to Reach $12.50 by 2028 Despite Recent 7.4% Drop

Standard Chartered Bank has made a bold prediction for the future price of XRP, forecasting a rise to $5.50 by the end of 2025 and potentially reaching $12.50 by 2028. This projection comes despite recent market turbulence that has seen XRP’s price drop below $2.

XRP, Ripple’s native token, has experienced significant fluctuations over the past several months. Following Donald Trump’s victory in the November 2024 presidential election, XRP surged from around $0.50-$0.60 to over $2.50 within a month. In January 2025, it nearly matched its all-time high of $3.40. However, market conditions have since changed dramatically. XRP currently trades at approximately $1.77, representing a substantial correction from its recent highs. The cryptocurrency has fallen by 7.4% in just 24 hours, with its market capitalization shrinking by $17.96 billion over the past week.

Geoffrey Kendrick, head of digital assets research at Standard Chartered, outlined a step-by-step growth trajectory for XRP. According to his analysis, XRP could reach $8 in 2026, $10.40 in 2027, and finally $12.50 in 2028. The British multinational bank even suggested that XRP has the potential to overtake Ethereum in total market value, which would position it as the second-largest cryptocurrency behind Bitcoin. Such a move would require XRP’s market cap to grow from its current level of less than $105 billion to nearly $700 billion.

Adding to the spotlight on XRP, asset manager Teucrium introduced the first XRP-based ETF in the US market this week. The XXRP ETF, designed as a 2x leveraged exchange-traded fund, was launched on the NYSE Arca. According to data, the XXRP ETF posted more than $5 million in volume on its first day of trading. While this figure is 200 times less than the volume BlackRock’s IBIT ETF posted on its first day, it still places XXRP in the top 5% of new ETF launches and at four times the volume of the 2x Solana ETF (SOLT). Despite this milestone, the ETF launch didn’t trigger a price rally for XRP. In fact, XRP’s price dropped by approximately 4% following the news, suggesting that traders remain cautious in the current market climate.

President Trump’s tariff policies have been a major factor in recent market volatility. Despite calls for a 90-day suspension to allow for negotiation, Trump insisted that the tariffs imposed on April 2 will start as planned. This policy stance has contributed to a risk-off sentiment across cryptocurrency markets, affecting not just XRP but also Bitcoin, Ethereum, and other leading altcoins.

Technical indicators paint a concerning picture for XRP in the short term. The cryptocurrency currently trades below its 50-day, 100-day, and 200-day Exponential Moving Averages, as well as key support levels at $2.00 and $1.80. The Relative Strength Index (RSI) has touched the oversold region, while the Moving Average Convergence Divergence (MACD) indicator extends a sell signal below the mean line. These signals suggest that if XRP fails to reclaim support at $1.80, it could continue declining toward the next critical support between $1.40 and $1.45. Some analysts even warn of a potential drop to $1.30, with an extended decline to $1.00 not ruled out given current market conditions. However, with the RSI approaching oversold conditions, a quick rebound remains possible. Traders looking to “buy the dip” may want to consider dollar cost averaging (DCA) to position themselves for potential recovery gains above $2.

The current situation for XRP reflects the broader volatility in crypto markets, where short-term pressures are testing long-term optimism. While Standard Chartered’s prediction represents one of the most bullish institutional outlooks for XRP, investors must navigate the immediate market challenges before potentially reaping such gains. For now, XRP watchers will be closely monitoring both market sentiment and technical indicators to gauge whether the token can stabilize and begin its climb toward the lofty price targets set by Standard Chartered.