XRP News Today: Canary Capital CEO Predicts 100% Gains for XRP and Other Altcoins

In a market still dominated by Bitcoin headlines, some institutional voices are beginning to direct attention elsewhere. Steve McClurg, CEO of Canary Capital, recently offered an optimistic outlook for several major altcoins, signaling a shift in how some firms are approaching the current cycle.

McClurg pushed back on the idea of modest gains for leading altcoins. When asked whether a 10% upside was a fair expectation, he stated, “I think most of these will double this year.” XRP was the first token he mentioned among those expected to outperform Bitcoin, alongside SUI, Solana, HBAR, and Litecoin. McClurg described Canary Capital’s outlook as “very constructive” on cryptocurrencies with large market caps, and he highlighted some assets he believes will perform spectacularly.

McClurg positioned Bitcoin more as a defensive asset in the current environment. He compared it to the Dow, saying it’s where investors might move “if you want to stay in crypto but have a flight to safety.” In contrast, he pointed to other large-cap assets as better positioned for upside in a bull market. Canary Capital has consistently shown interest in XRP and was among the first companies to apply for a spot ETF in 2024.

McClurg’s comments arrive as XRP continues to benefit from improving regulatory clarity and renewed institutional interest. Its unique positioning in global payments infrastructure, along with increasing adoption, supports the view that it could capitalize on current market momentum. Being named first in McClurg’s list subtly highlights how experienced investors seriously consider XRP. Experts believe a massive breakout is coming, and veteran investors like McClurg can see the asset’s potential.

Even some in the Bitcoin community believe XRP will make a massive move this year. Bitcoin maximalists, such as Davinci Jeremie, have predicted that XRP can hit $24 in 2025. For investors following informed signals, XRP now stands firmly in the conversation about which assets could lead the next phase of market growth.