XRP News Today: XRP Poised to Surpass Ethereum by 2028 with 250% Gain

XRP, the cryptocurrency developed by Ripple, is poised to become the second-largest cryptocurrency by market capitalization, potentially surpassing Ethereum by 2028. This prediction comes from Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered Bank. Kendrick's optimism is based on several factors, including XRP's growing utility, strong financial position, and increasing institutional interest.

Currently, XRP is valued at $130.9 billion with a price of $2.22, while Ethereum holds a market cap of $329.5 billion. For Kendrick’s prediction to materialize, XRP would need to reach approximately $5.60. This goal, while ambitious, is not impossible, especially considering XRP's 360% surge in the past year.

Kendrick's view is grounded in XRP's increasing utility, particularly in the global payments sector. Ripple has been aggressively pushing into the cross-border transaction market, aiming to capture 14% of SWIFT’s market share within five years. This vision, shared by Ripple CEO Brad Garlinghouse, highlights XRP’s potential to become a backbone for international money transfers.

Ripple's legal clarity, following its partial win against the U.S. Securities and Exchange Commission, has also boosted confidence among institutional players. The company’s recent $700 million share buyback at a 135% premium underscores investor trust and shows Ripple’s commitment to long-term growth. The company currently holds $3.7 billion in cash, no debt, and 41 billion XRP tokens, valued at approximately $91 billion.

Kendrick encourages investors to focus on long-term gains despite market fluctuations. He believes that the current tariff issues will pass and that Bitcoin’s steady performance suggests a bigger rally could be ahead.

One of the key drivers of XRP’s potential rise is its appeal to institutions. As traditional finance continues to explore blockchain adoption, Ripple’s established infrastructure and regulatory progress give it an edge. Kendrick suggests that over time, institutional interest in XRP may even outpace Ethereum’s, especially if Ethereum struggles with scaling and high gas fees.

At the time of writing, XRP was trading at $2.16. To meet Kendrick’s prediction of overtaking Ethereum by 2028, it would need to rise about 2.5 times. While ambitious, this isn’t out of reach, as XRP has already gained over 360% in the past year.