Standard Chartered Analysts Forecast 330% Surge in XRP Price

Standard Chartered analysts project that the price of XRP could rise by approximately 330%. They have also identified several factors that could trigger this price increase, potentially leading to a new all-time high (ATH) for the Ripple-associated token.

Key Takeaways

Standard Chartered analysts predict XRP could rise by 330%, reaching $8 by the end of 2026.
Legal clarity from the Ripple-SEC lawsuit and regulatory improvements support XRP's growth.
Demand for XRP ETFs is strong, with a net asset value of $1.27 billion, driving bullish sentiment.
XRP is currently consolidating around $1.86, with potential breakout levels at $1.88.

XRP

Forecast for XRP Price to Reach $8

Geoff Hendrick, the global head of digital assets research at Standard Chartered, has forecasted that the price of XRP could reach $8 by the end of 2026, marking an impressive increase of around 330%. This would establish a new all-time high, surpassing the current ATH of approximately $3.84. According to Hendrick, this anticipated growth is due to the legal clarity that has emerged following the resolution of the Ripple-SEC lawsuit.

Hendrick further expects XRP's price to soar to $8, driven by clear regulations within the U.S. cryptocurrency market and increased institutional adoption of the token via XRP ETFs. He pointed out how the improved regulatory landscape has made it simpler for institutions to invest in the token. Meanwhile, Ripple has been successfully expanding its payment system involving XRP, benefiting from this favorable regulatory environment.

These XRP ETFs have shown considerable demand, which is a positive indicator for the price of XRP as it aims for the $8 mark next year. Data from SoSoValue reveals that these ETFs haven't experienced any daily net outflow since the first spot fund was launched last month. Currently, the XRP ETFs have a net asset value of $1.27 billion, representing 1.12% of XRP's market cap.

Crypto analyst Unknow has pointed out that these ETFs are quickly absorbing the available supply, which could soon lead to a supply shock by early 2026, pushing XRP prices upwards. He also highlighted that next year is likely to be pivotal, transitioning the altcoin from speculation to a key component of global liquidity infrastructure.

XRP Poised for a Breakout

In a recent X post, crypto analyst TARA noted that XRP's price is nearing the crucial level of $1.88 and is currently confined within a tight range, indicating a likely breakout in the near future. TARA emphasized the importance of holding support at $1.87, especially with Bitcoin approaching $88,000. She suggested that if XRP rebounds from current levels and tests $1.88 again, a breakout past this resistance point could occur, and maintaining this level as support would be a very promising sign.

XRP Chart
Source: Chart from TARA on X

In another update on X, TARA shared that XRP’s Relative Strength Index (RSI) is attempting to break towards the upside. She added that a bullish closing today, above $1.88, could spark a new wave of momentum pushing XRP price to $2.30. A favorable development for XRP is that data from Glassnode indicates that the amount of XRP held on exchanges has fallen to a seven-year low of 1.6 billion tokens, a decrease from 3.76 billion in October.

As of this writing, XRP is trading at approximately $1.86, reflecting a positive movement over the last 24 hours, according to data from CoinMarketCap.

XRP trading at $1.86 on the 1D chart | Source: XRPUSDT on Tradingview.com