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XRP news today: Standard Chartered Predicts 500% Rally for XRP by 2028

Coin WorldSunday, May 4, 2025 5:37 am ET

1min read

Standard Chartered, a prominent banking institution, has made a bold prediction regarding the cryptocurrency XRP. According to Geoffrey Kendrick, the bank’s global head of digital assets research, XRP has the potential to rally by 500% and surpass Ethereum in market capitalization. This forecast suggests that XRP could reach $12.50 by 2028, positioning it as the second-largest non-stablecoin asset globally. This prediction has sparked both excitement and skepticism within the cryptocurrency community, challenging the established hierarchy of digital assets.

Kendrick’s optimism is rooted in the utility of XRP’s blockchain, XRPL, which he sees as a payments chain and a future hub for asset tokenization. This utility is expected to rival that of stellar, another prominent blockchain platform. As traditional finance and digital assets become increasingly intertwined, XRP’s real-world use cases are gaining traction. The potential launch of a spot XRP ETF as early as Q3 2025 could inject significant liquidity into the market, potentially serving as a catalyst for XRP’s growth. According to the analyst's forecast, this ETF could attract $4 to 8 billion in its first year, providing the necessary fuel for XRP’s ascent.

Ripple, the company behind XRP, is actively integrating XRP into the financial ecosystem. Its acquisition of Hidden Road, a leading prime brokerage firm, is opening new avenues for cross-asset settlement. Additionally, the launch of 2x leveraged XRP ETFs and the filing of nano futures are heating up the futures markets. Legal challenges, which have been a significant hurdle for XRP, are also beginning to subside. The SEC and Ripple are moving towards finalizing a $50 million settlement, which could mark the end of a protracted legal battle. Kendrick even suggested that this resolution might be politically timed, aligning with a possible re-election of Trump.

For a cryptocurrency that has faced numerous challenges, including lawsuits and skepticism, XRP’s prospects appear to be improving. If standard Chartered’s prediction holds true, XRP could not only achieve a 500% rally but also overtake Ethereum in market capitalization. This would represent a significant shift in the cryptocurrency landscape, challenging Ethereum’s dominance in the DeFi and smart contract sectors. XRP’s success hinges on its speed, utility, and global adoption, factors that Standard Chartered believes will drive its growth in the coming years.

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