XRP’s Potential Surge: Standard Chartered Sees Massive Growth

In a bold new report released on Tuesday, Standard Chartered has initiated coverage on XRP, predicting a staggering 500% price surge, potentially reaching $12.50

Standard Chartered has begun coverage of XRP, aiming for a 500% price surge to reach $12.50 by 2028.

Standard Chartered has become the first tier-one bank to start coverage of a major cryptocurrency, kicking off with XRP, reports Block.

In its new report, Standard Chartered initiates coverage of XRP, predicts a 500% price surge, and sees XRP’s market cap surpassing that of Ethereum by 2028.

Standard Chartered’s digital assets research, headed by Geoffrey Kendrick, has begun coverage of XRP, setting a price target of $12.50 by 2028. This staggering prediction represents a 500% rally from current levels.

The report, titled "Standard Chartered Digital Asset Research Begins Coverage of XRP: A Global Payments Token with Potential for 500% Price Surge by 2028," highlights XRP’s growing role in global payments and the rise of tokenization as key factors driving the cryptocurrency’s future success.

The Cutting-Edge Technology Transforming Finance: A Deep Dive

Standard Chartered’s analysis focuses on XRP’s unique properties and the factors that could propel it to new heights.

At the beginning of 2024, Standard Chartered’s digital assets team has begun coverage of XRP, aiming for a 500% price surge and projecting that XRP’s market capitalization will outpace Ethereum’s by 2028.

Standard Chartered is the first tier-one bank to start coverage of a major cryptocurrency.

Its digital assets research team, led by Geoffrey Kendrick, has launched coverage of XRP, predicts a 500% price surge, and sees XRP’s market cap surpassing that of Ethereum within the same period.

This bold prediction places XRP in a highly competitive position in the evolving crypto space, especially as institutional adoption and expanding use cases continue to shape its growth.

Crucially, the coverage follows the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) and the anticipation of an XRP ETF, which Kendrick believes could happen by Q3 2025.

An XRP ETF could unlock inflows of between $4 billion and $8 billion in its first year, providing a significant catalyst for XRP’s price appreciation, which is expected to continue through 2026, with a target of $8.00 by that year.

The anticipation of an XRP ETF comes at a crucial time for the broader digital asset market, with the SEC’s ongoing regulatory efforts being a pivotal theme for many cryptocurrencies.

Kendrick believes that the regulatory momentum surrounding XRP will continue to build, especially after Ripple CEO Brad Garlinghouse stated that the SEC would soon drop its appeal in the long-running XRP case.

This legal resolution could significantly boost investor confidence and mark a pivotal moment in XRP’s regulatory journey.

Beyond the regulatory landscape, Kendrick also pointed to the growing role of tokenization as a transformative force for XRP.

He sees the XRP Ledger (XRPL) as a potential tokenization chain, much like Stellar’s infrastructure, positioning XRP to play a central role in the global shift toward tokenized assets and decentralized finance (DeFi), which could greatly expand its use case and market appeal.

Ripple’s acquisition of Hidden Road for $1.25 billion further strengthens the XRP Ledger’s position, particularly in traditional finance.

This deal enables XRP to integrate into prime brokerage services, providing cross-asset settlement capabilities that could bridge traditional finance with blockchain technology.

Kendrick’s report projects a steady growth trajectory for XRP, with a price of $5.50 expected by 2025, rising to $8.00 in 2026, and ultimately reaching $12.50 by 2028.

These projections assume a Bitcoin price of $500,000 by 2028 and are based on a mix of factors, including institutional adoption, regulatory clarity, and expanding tokenization use cases.

Despite challenges such as XRP’s smaller developer base and its low-fee model, Kendrick believes these hurdles will be overcome by positive drivers like regulatory approval, institutional interest, and growing real-world utility.

As XRP continues to gain traction in global markets, these factors are expected to help the asset maintain its momentum and grow even amid potential inflationary pressures.

The growth of XRP’s presence in the institutional market is also becoming more evident, with XRP futures gaining significant traction.

Coinbase recently filed with the Commodity Futures Trading Commission (CFTC) to launch nano XRP futures, and Bitnomial Exchange introduced physically settled XRP futures.

These developments point to XRP’s expanding institutional footprint, offering investors more opportunities to gain exposure to the asset.

Meanwhile, Ripple’s ongoing legal proceedings with the SEC, which are approaching a conclusion with a $50 million