标准特许在XRP上的覆盖范围，预测了多年价格集会

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已开始对Ripple创建的数字资产XRP的承保范围，预测了由付款和代币化用例驱动的多年价格集会。

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的价格可能从目前的2美元到12.50美元的水平上涨超过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."

肯德里克在分享报告时在一封电子邮件中说：“到2028年底，我们看到了XRP的市值超过以太坊的。” “这将使XRP当时成为第二大数字资产。”

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）补充说，“关税混乱”将很快结束，而在噪音期间，比特币的扎实性能告诉我们资产类别的腿会更高。”

Reasons for XRP's expected growth

XRP预期增长的原因

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）将XRP的预期增长归因于监管发展，机构采用和扩大用例的混合。他指出，Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）最近宣布美国证券交易委员会在XRP案中取得了上诉 - 肯德里克（Kendrick）的举动说，在加密货币友善的唐纳德·特朗普（Donald Trump）的选举胜利之后，预计有预计。肯德里克（Kendrick）还预计，SEC在第三季度批准XRP现场ETF，第一年的潜在流入率为4-8亿美元。

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.

肯德里克说，XRP的核心功能 - 启用跨境和跨货币付款 - 与数字资产增长最快的用例相一致，类似于稳定资产。他补充说，Stablecoin交易量每年增长50％，预计在未来四年内将增加十倍。

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

Ripple还通过诸如代币化的美国财政账单基金及其美元固定的Stablecoin rlusd之类的计划扩展到令牌化。

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

肯德里克说：“ XRP的区块链，XRP Ledger [XRPL]是一条付款链，可能成为一个令牌链。”

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.

他将XRPL与Stellar进行了比较，称两个区块链具有相似的架构。根据肯德里克（Kendrick）的说法，Stellar目前是令牌化市场中第二大球员，XRPL可能会取得类似的成功。

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.

尽管如此，仍然存在挑战。与同行相比，XRP的开发人员生态系统相对较小，其低收费模型限制了价值捕获。但是，肯德里克说，这些逆风可能会被上述积极的驱动因素所抵消。

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）一直是加密货币（Crypto）的更看涨的声音之一，此前预测，到2028年底，比特币的价格目标为500,000美元。上周，他还在第1层区块链雪崩中启动了报道，预计到2029年底，其本地令牌avax可能会上涨10倍至250美元。与此同时，肯德里克（Kendrick）对以太坊的看法较小，在上个月将他的2025 Ether目标目标降低到4,000美元。

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

在今天的电子邮件中，肯德里克（Kendrick）将比特币和阿瓦克斯（Avax）描述为“确定的获胜者”，将以太视为“确定的失败者”。