XRP Price Prediction: Standard Chartered Maps Out Steady Climb for XRP Through 2028

The forecast comes as Ripple deepens its commitment to tokenization and regulatory clarity improves under the Trump administration.

The crypto market has seen its fair share of ups and downs, but some coins are consistently on the radar of market analysts. Among the most interesting tokens is XRP, the native cryptocurrency of Ripple.

Now, one bank is projecting a steady climb for XRP in the years ahead, en-visioning a significant surge in price and market dominance. At least one crypto analyst is also bullish on XRP, noting that it’s nearing a key breakout that could spark the next leg of its bull market.

What does the bull case for XRP look like in 2024 and beyond?

Standard Chartered Predicts New Highs For XRP By 2025

According to Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, XRP is poised for a multi-year rally. The bank’s analysts have set annual price targets for XRP through 2028.

Crucially, Standard Chartered sees XRP surpassing ETH’s market capitalization by 2028, fueled by broad adoption and new financial use cases.

“By the end of 2028, we see XRP’s market cap overtaking Ethereum’s.”

In a recent interview with The Block, Kendrick discussed the outlook for cryptocurrencies, particularly focusing on the role of blockchain in finance and the integration of digital assets into the banking sector.

The analysis predicts that XRP could reach $5.0 by 2025 and trade at $18.0 by 2026. In the following year, 2027, the price is expected to fall to $10.4, before bouncing back to $12.5 by 2028.

“XRP, functioning similarly to stablecoins, is envisioned to facilitate rapid and low-cost transactions, especially relevant for cross-border payments.”

At present, the SEC case against Ripple is still ongoing, but there have been some key developments. Earlier this year, the SEC withdrew its appeal against a lower court ruling that determined that the agency had failed to demonstrate that portions of its administrative law were unconstitutional.

This decision was a setback for the SEC, which had been seeking to overturn the lower court’s ruling. The case is still pending, but this development could have broader implications for the SEC’s ability to pursue cases against other crypto firms.

Among the topics discussed was the outlook for cryptocurrencies in a broader context. When asked about which cryptocurrency could potentially challenge Bitcoin’s dominance in the next bull market, Kendrick highlighted the possibility of either Ethereum or a new cryptocurrency, like a Layer-1 or an emerging token, rising to prominence.

Also Read: Is A Bitcoin ETF Coming In 2024? Here’s What Experts Say

What Could Drive An XRP ETF In 2025?

The report predicts that the market for tokenized assets will grow rapidly in the coming decade, with the total market size expanding from $0.6 trillion in 2025 to $18.9 trillion in 2033. To facilitate this growth, Ripple will leverage the XRP Ledger as the foundation for tokenizing U.S. Treasury bonds and other financial instruments.

In addition to its role in tokenization, Ripple is also developing a new stablecoin called RLUSD, which will be a key component of the XRP ecosystem. According to Kendrick, this move will further solidify Ripple’s standing in cross-currency settlements, potentially leading to the Ripple ledger becoming a “tokenization chain.”

On the technical side, XRP has recently pulled back from key support at $1.74, with traders now focused on the critical resistance zone between $2.0 and $2.40. A breakout above this range could propel XRP towards the next resistance level at $3.0 to $3.20, which is the 1.618 Fibonacci extension from the recent swing low.

Moreover, the MACD indicator is attempting a bullish crossover in the 4-hour chart, which could indicate a potential shift in momentum.

As new developments unfold in the case and the broader crypto market, investors will be watching closely to see how these events impact the price of XRP and its long-term outlook.