標準特許在XRP上的覆蓋範圍，預測了多年價格集會

到2028

Standard Chartered has initiated coverage on XRP, the digital asset created by Ripple, forecasting a multi-year price rally driven by payments and tokenization use cases.

Standard Chartered已開始對Ripple創建的數字資產XRP的承保範圍，預測了由付款和代幣化用例驅動的多年價格集會。

The price of XRP could rise more than 500% from the current level of around $2 to $12.50 by 2028, Geoffrey Kendrick, Standard Chartered's global head of digital assets research, wrote in a report published Tuesday and shared with The Block.

到2028年，XRP的價格可能從目前的2美元到12.50美元的水平上漲超過500％。

"By the end of 2028 we see XRP's market cap overtaking Ethereum's," Kendrick said in an email to The Block while sharing the report. "That will make XRP the second largest (non-stablecoin) digital asset at that time."

肯德里克在分享報告時在一封電子郵件中說：“到2028年底，我們看到了XRP的市值超過以太坊的。” “這將使XRP當時成為第二大數字資產。”

Kendrick added that the "tariff mess" will be over soon and that bitcoin's solid performance during the noise "tells us a leg higher for the asset class will follow."

肯德里克（Kendrick）補充說，“關稅混亂”將很快結束，而在噪音期間，比特幣的紮實性能告訴我們資產類別的腿會更高。 ”

Reasons for XRP's expected growth

XRP預期增長的原因

Kendrick attributes XRP's expected growth to a mix of regulatory developments, institutional adoption and expanding use cases. He points to Ripple CEO Brad Garlinghouse's recent announcement that the U.S. Securities and Exchange Commission has dropped its appeal in the XRP case - a move Kendrick says was expected following crypto-friendly Donald Trump's election victory. Kendrick also anticipates the SEC to approve XRP spot ETFs in Q3 2025, with potential inflows of $4-8 billion in the first year.

肯德里克（Kendrick）將XRP的預期增長歸因於監管發展，機構採用和擴大用例的混合。他指出，Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）最近宣布美國證券交易委員會在XRP案中取得了上訴 - 肯德里克（Kendrick）的舉動說，在加密貨幣友善的唐納德·特朗普（Donald Trump）的選舉勝利之後，預計有預計。肯德里克（Kendrick）還預計，SEC在第三季度批准XRP現場ETF，第一年的潛在流入率為4-8億美元。

XRP's core function - enabling cross-border and cross-currency payments - aligns with the fastest-growing use case for digital assets, similar to stablecoins, Kendrick said. He added that stablecoin transaction volumes have grown 50% annually and are expected to increase tenfold over the next four years.

肯德里克說，XRP的核心功能 - 啟用跨境和跨貨幣付款 - 與數字資產增長最快的用例相一致，類似於穩定資產。他補充說，Stablecoin交易量每年增長50％，預計在未來四年內將增加十倍。

Ripple is also expanding into tokenization, with initiatives such as tokenized U.S. Treasury bill funds and its USD-pegged stablecoin RLUSD.

Ripple還通過諸如代幣化的美國財政賬單基金及其美元固定的Stablecoin rlusd之類的計劃擴展到令牌化。

"XRP's blockchain, the XRP Ledger [XRPL], is a payments chain and may become a tokenisation chain," Kendrick said.

肯德里克說：“ XRP的區塊鏈，XRP Ledger [XRPL]是一條付款鏈，可能成為一個令牌鏈。”

He compared XRPL with Stellar, saying both blockchains have similar architecture. Stellar is currently the second-largest player in the tokenization market, and XRPL could see similar success, according to Kendrick.

他將XRPL與Stellar進行了比較，稱兩個區塊鏈具有相似的架構。根據肯德里克（Kendrick）的說法，Stellar目前是令牌化市場中第二大球員，XRPL可能會取得類似的成功。

As such, by the end of this year, Kendrick forecasts XRP to hit $5.50, gradually climbing to $8.00 in 2026, peaking at $12.50 in 2028 and remaining around that level through the end of 2029. These projections assume bitcoin reaching $500,000 in the same timeframe, implying XRP will maintain relative performance even with higher inflation (6% for XRP vs 0.8% for BTC).

Still, challenges remain. XRP's developer ecosystem is relatively small compared to peers, and its low-fee model limits value capture. However, Kendrick says these headwinds could be offset by the positive drivers mentioned above.

儘管如此，仍然存在挑戰。與同行相比，XRP的開發人員生態系統相對較小，其低收費模型限制了價值捕獲。但是，肯德里克說，這些逆風可能會被上述積極的驅動因素所抵消。

Also bullish on BTC and AVAX - but not ETH

也看好BTC和Avax-但不是ETH

Kendrick has been among the more bullish voices on crypto, previously forecasting a bitcoin price target of $500,000 by end-2028. Last week, he also initiated coverage on Layer 1 blockchain Avalanche, projecting that its native token AVAX could rise more than 10 times to $250 by the end of 2029. Meanwhile, Kendrick is less bullish on Ethereum, having cut his 2025 ether price target by 60% last month to $4,000.

肯德里克（Kendrick）一直是加密貨幣（Crypto）的更看漲的聲音之一，此前預測，到2028年底，比特幣的價格目標為500,000美元。上週，他還在第1層區塊鏈雪崩中啟動了報導，預計到2029年底，其本地令牌avax可能會上漲10倍至250美元。與此同時，肯德里克（Kendrick）對以太坊的看法較小，在上個月將他的2025 Ether目標目標降低到4,000美元。

In today's email, Kendrick described bitcoin and AVAX as "identified winners" and ether as an "identified loser."

在今天的電子郵件中，肯德里克（Kendrick）將比特幣和阿瓦克斯（Avax）描述為“確定的獲勝者”，將以太視為“確定的失敗者”。