XRP News Today: XRP Market Cap Could Surge 140% in Three Years Says Standard Chartered

Ripple’s XRP is anticipated to reach unprecedented heights, according to a market prediction made by a prominent figure in the finance industry. The fourth-largest cryptocurrency by market cap is expected to surpass Ethereum in market valuation, currently holding the third position. This bold forecast is made by Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered, who believes that XRP could claim this position over the next three years.

At present, Ethereum’s market cap is valued at $305.9 billion, while XRP’s market cap stands at $127 billion. For XRP to successfully overtake Ethereum, it must add more than $178.9 billion to its current market value. However, the cryptocurrency market is in a state of constant growth, and XRP bulls will need to work harder as Ethereum’s valuation continues to rise annually.

Kendrick’s prediction, while ambitious, is supported by several fundamental factors. Ripple’s recent legal victories against the SEC have significantly bolstered the ecosystem’s credibility and stability. Additionally, institutional adoption is on the rise, as evidenced by the recent launch of an XRP ETF and a 360% surge in XRP’s market value over the past year. These developments indicate a growing interest from larger institutions both within and outside the crypto space.

Brad Garlinghouse, the CEO of Ripple, has further validated XRP’s appeal by remarking that XRP could constitute 14% of SWIFT’s cross-border payment industry within the next five years. This projection underscores the potential for XRP to attract even more institutional interest and investment.

Despite current market selloffs that have kept altcoins stagnant, including XRP, which is nursing a 3.40% loss at press time, Kendrick’s prediction remains steadfast. The expert’s analysis highlights the potential for XRP to achieve significant market cap growth, driven by its legal victories, institutional adoption, and strategic partnerships. As the cryptocurrency market continues to evolve, XRP’s trajectory remains a subject of keen interest for investors and analysts alike.