Standard Chartered Predicts XRP Will Reach $8 By 2026
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XRP price surges above $2.42 as Ripple reached a $50 million final settlement, ending its long-running tussle with the US SEC. Standard Chartered forecasts 400% rally by 2026 amid ETF optimism. Ripple (XRP) Hits 50-Day Peak amid Ripple Settlement with SEC Ripple’s native token, XRP, soared to a 50-day high of $2.42 on Friday, marking a key milestone in its prolonged rebound. The rally followed Ripple Labs’ announcement of a long-awaited $50 million settlement with the U.S. Securities and Exchange Commission (SEC), bringing closure to a five-year legal battle. Ripple (XRP) Price Action | Coingecko The bullish news broke just as crypto markets turned risk-on. Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) all recorded double-digit weekly gains, but Ripple price outperformed each of them. Coingecko chart above shows how Friday’s bullish action pushed XRP price above $2.42 for the first time since March 28, 2025. XRP closed the day around $2.34, up over 6.5% week-over-week and 13.5% in the last 30 days. This latest price surge extended XRP’s impressive 349.7% gain over the past year, emphasising its resilience amid persistent regulatory headwinds. Standard Chartered Analyst Predicts XRP Price to Hit $8 by 2026 According to Geoffrey Kendrick, head of digital asset research at Standard Chartered, XRP’s upside potential is far from exhausted. In an April report, Kendrick forecasted that XRP could double to $5.50 by year-end and climb to $8.00 by the close of 2026. He projects even steeper gains to $10.40 by 2027 and $12.25 by 2029 — a potential 428% rise from current prices. Kendrick attributes XRP’s growth prospects to its central role in the cross-border payment ecosystem. “XRP is uniquely positioned at the heart of one of the fastest-growing uses for digital assets , facilitation of cross-border and cross-currency payments,” Kendrick Geoff, Standard Chartered Analyst, wrote. Speaking…
Filed under: News - @ May 10, 2025 8:24 am