Standard Chartered analysts predicted this the price of XRP could increase by about 330%. They also described the catalysts that could trigger this price spike, leading to a new all-time high (ATH) for the Ripple-related token.
Standard Chartered predicts the price of XRP to rise to $8
Standard Chartered’s Global Head of Digital Asset Research, Geoff Hendrick predicted that the price of XRP could rise to $8 by the end of 2026, representing an increase of about 330%. This would also mark a new all-time high for the token, with the current ATH at around $3.84. The analyst expects the token to see such growth, as it now has legal clarity after the settlement Ripple-SEC Lawsuit.
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Kendrick also expects the price of XRP to rise to $8 thanks to regulatory clarity for the US crypto industry and institutional adoption of the token through XRP ETFs. The Standard Chartered analyst pointed out that the improving regulatory environment has made it easier for institutions to gain exposure to the token. Meanwhile, Ripple has been able to develop its payment system, which includes XRP, thanks to the regulatory environment.
These XRP ETFs are seeing significant demand, which is bullish for the XRP price as it is expected to rise to $8 next year. SoSoValue data shows that these ETFs have yet to record a daily net outflow since the first spot fund launched last month. XRP ETFs currently boast $1.27 billion in net assets, representing 1.12% of the token’s market capitalization.
Crypto expert Unknown recorded that these ETFs absorb supply quickly, which is why he predicts that a supply shock could occur in early 2026, driving up the price of XRP. The expert also stated that next year is the tipping point where altcoin moves from speculation to global liquidity infrastructure.
XRP is preparing for a breakout
In an X postcrypto analyst TARA stated that the price of XRP is approaching the critical level of $1.88 and is in a very tight range, signaling that a breakout is coming soon. The analyst noted that XRP should hold support at $1.87, even as Bitcoin is approaching $88,000. She added that if the altcoin bounces from here and retests $1.88, it could break above that resistance and then hold it as support, which TARA would note would be a very bullish sign.
In the second X postrevealed that XRP’s Relative Strength Index (RSI) is trying to break higher. TARA further noted that if today’s close is bullish, with a close above $1.88, it could trigger the next wave to $2.30 for the price of XRP. Positive for XRP is that Glassnode data shows that XRP on exchanges fell to a seven-year low of 1.6 billion tokens, down from 3.76 billion in October.
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At the time of writing, the price of XRP is hovering around $1.86, an increase over the past 24 hours, according to data from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
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