1 week ago
XRP could emergence to $12.50 earlier President Trump leaves office, concern slope Standard Chartered (STAN) said successful a study connected Tuesday initiating sum of the Ripple-related token.
Standard Chartered predicts that XRP volition scope $5.50 by the extremity of this year, $8 by 2026 year-end, $10.40 by the extremity of 2027, and $12.50 by end-2028. At the clip of writing, XRP was trading astir 9% higher astatine $1.94.
The slope noted that XRP roseate sixfold pursuing Donald Trump's election victory successful November, reflecting expectations that the Securities and Exchange Commission (SEC) would driblet its appeal against Ripple, and due to the fact that of the imaginable support of XRP exchange-traded funds (ETFs).
Such gains are sustainable, the slope said, successful portion owed to enactment changes astatine the SEC, but besides due to the fact that "XRP is uniquely positioned astatine the bosom of 1 of the fastest-growing usage cases for integer assets - facilitation of cross-border and cross-currency payments."
"XRPL is akin to the main usage lawsuit for stablecoins specified arsenic Tether: blockchain-enabled fiscal transactions that person traditionally been done done accepted fiscal (TradFi) institutions," wrote Geoffrey Kendrick, caput of integer assets probe astatine Standard Chartered Bank.
Stablecoin transactions are expected to summation tenfold successful the adjacent 4 years, the study said.
Stablecoins are cryptocurrencies whose worth is tied to different asset, specified arsenic the U.S. dollar oregon gold. They play a large relation successful cryptocurrency markets and are besides utilized for to transportation wealth internationally.
Ripple is besides readying to propulsion XRPL into the tokenization space, the slope noted. XRPL is XRP's decentralized nationalist blockchain, and is utilized for payments.
These affirmative factors mean that XRP should support up with its larger adjacent bitcoin (BTC), successful presumption of terms appreciation, the slope said.
XRPL suffers from 2 flaws, the tiny fig of developers and its constricted worth capture, but these are much than offset by affirmative tailwinds, the study added.
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