XRP Price May Be Headed for a Rally After Standard Chartered Predicted That It Might Reach $5.50 by the End of 2025

XRP price may be headed for a rally after Standard Chartered predicted that it might reach $5.50 by the end of 2025.

Standard Chartered's Geoff Kendrick predicts that XRP price will soar by 200% to $5.50 before the end of 2025. If Ripple attains this price, the altcoin will attain a $319 billion market cap and become the largest altcoin.

Earlier this week, Teucrium Investment launched the first leveraged XRP ETF in the US. As a recent Coingape article reported, this ETF has secured five straight days of inflows. This showcases the high market interest in the product despite macroeconomic concerns from the ongoing US-China trade war.

According to data from Teucrium, the 2x Long Daily XRP ETF has amassed $17.2 million in net assets after trading for only five days. During the same period, spot Bitcoin and Ethereum ETFs recorded steady outflows. This makes it likely that the XRP price will attain the Standard Chartered target of $5.50.

The US government may hold $50M XRP tokens according to Ripple CEO Brad Garlinghouse. While speaking to Fox Business, Garlinghouse noted that the settlement with the US Securities and Exchange Commission (SEC) might go to the US government.

“The SEC is going to end up with $50 million, the US government is getting $50M. We have even talked about making that available in XRP.”

Recently, the SEC and Ripple reached an agreement to settle the long-standing lawsuit. This case began in late 2020 and has been a significant factor affecting the price of XRP throughout its course.

After the lawsuit started, the SEC went on to sue another four crypto firms for allegedly defrauding investors. These suits were filed in early 2021 and targeted Celsius Network, BlockFi, and Nexo.

The case began after the SEC sued Ripple in December 2020 for allegedly selling unregistered securities in the form of XRP tokens.

Lastly, the newly found regulatory clarity for Ripple after the SEC case ended makes the $5.50 target attainable. The end of this case will see Ripple secure adoption from retail and institutional investors, triggering a massive price rally.

The SEC vs. Ripple lawsuit has been weighing on XRP price for years since it was opened in late 2020. With the weight being lifted, XRP will likely unlock a massive 200% rally.

XRP price today trades at $2,03 with a slight 2.3% gain in 24 hours. The altcoin is now eyeing resistance at the 78.6% Fibonacci level of $2.10. If Ripple overcomes this resistance, it may recover past $2.23.

The RSI is also flashing bullish signs after rising to 57. Meanwhile, the MACD has also flipped positive, which is a sign that the current uptrend is growing strong and may extend.

To sum up, several bullish catalysts make the $5.50 target price for XRP by Standard Chartered attainable. Factors like the end of the SEC case, endorsement by the US government, and interest in the recently launched XRP ETF will support the parabolic 200% gains for Ripple before year-end.

Frequently Asked Questions (FAQs)

1. Can the XRP price reach $5.50 before the end of 2025?

Standard Chartered's Geoff Kendrick predicts that XRP price may hit $5.50 by the end of 2025.

2. What factors will drive an XRP price rally?

Several factors may contribute to an XRP price rally, including the recent launch of the first-ever leveraged XRP ETF in the US by Teucrium Investment, which has secured five straight days of inflows, showcasing strong market interest despite macroeconomic concerns from the ongoing US-China trade war.

Additionally, the US government is likely to hold $50M XRP tokens as part of the settlement between the SEC and Ripple, and new Coinbase listings could generate significant buzz and attract new investors to the crypto market.

3. What does the four-hour chart show about Ripple price?

The four-hour chart of XRP price from December 2022 shows that the coin is currently trading at the 78.6% Fibonacci resistance. A breakout from this level could propel XRP towards the 100% Fibonacci level at $2.23. The RSI is also indicating bullish strength as it trades above the 50 neutral level, while the MACD has just flipped into positive territory, which is a bullish signal.