Analysts at Standard Chartered have forecasted that the price of XRP may soar by approximately 330%. They also identified factors that could trigger this price increase, potentially leading to a new all-time high (ATH) for the Ripple-associated token.
Standard Chartered Foresees XRP Price Reaching $8
Geoff Hendrick, Standard Chartered’s global head of digital assets research, has suggested that XRP could hit $8 by the end of 2026, reflecting a rise of about 330%. This trajectory would also signify a new all-time high for the token, which currently stands at around $3.84. The analyst anticipates this growth due to the legal clarity gained after the Ripple-SEC lawsuit settlement.
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Hendrick also predicts that XRP’s price will reach $8, fueled by regulatory clarity within the U.S. crypto sector and increased institutional adoption via the XRP ETFs. He highlighted that the improving regulatory landscape has facilitated greater institutional access to the token. Concurrently, Ripple has expanded its payment system that utilizes XRP, thanks to the favorable regulatory framework.
These XRP ETFs are experiencing significant demand, which is positive for the XRP price as it aims for an ascent to $8 in the upcoming year. Data from SoSoValue indicates that these ETFs have not recorded any daily net outflows since the launch of the first spot fund last month. Currently, the XRP ETFs have amassed $1.27 billion in net assets, accounting for 1.12% of the token’s market cap.
Crypto expert Unknow remarked that these ETFs are rapidly absorbing supply, leading him to predict a potential supply shock by early 2026, which could elevate the XRP price. He also stated that next year will be the turning point for the altcoin, transitioning from speculation to a framework for global liquidity.
XRP Poised for a Breakout
In a post on X, crypto analyst TARA noted that the XRP price is nearing the crucial $1.88 level and is trading within a narrow range, suggesting an impending breakout. The analyst pointed out that XRP must maintain support at $1.87, particularly as Bitcoin approaches $88,000. She indicated that a bounce back from this level and a test of $1.88 could lead to a breakout above that resistance, which TARA considers a very bullish signal.
In another post on X, she mentioned that the Relative Strength Index (RSI) for XRP is attempting to break through to the upside. TARA further noted that if today’s close is bullish, with a price above $1.88, it could pave the way for a surge towards $2.30 for XRP. A positive development for XRP is that Glassnode data indicates that XRP held on exchanges has fallen to a seven-year low of 1.6 billion tokens, down from 3.76 billion in October.
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Currently, the price of XRP is trading at approximately $1.86, reflecting an increase over the last 24 hours, according to CoinMarketCap data.
Featured image from Adobe Stock, chart from Tradingview.com
