Standard Chartered projects Ripple’s XRP Explosion in Trump’s Reign
Standard Chartered predicts that before US President Donald Trump leaves office, Ripple's XRP token will see a massive spike in value over the coming years.
Live XRP/USD Chart
Standard Chartered predicts that before US President Donald Trump leaves office, Ripple’s XRP token will see a massive spike in value over the coming years.
The British-based international investment bank stated that the token, which was trading at about $1.86 at the time of writing, could rise to $12.50 by the end of 2028. The outlook is predicated on XRP’s ability to “keep pace with our expected price increases for Bitcoin in real terms,” bolstered by its tokenization and cross-border payments function.
That would translate into a 690 percent increase in percentage terms.
XRP experienced the largest increase of any major digital asset in the two months after Trump’s victory in the 2024 election, doubling in value.
Standard Chartered Bank’s Global Head of Digital Assets Research, Geoff Kendrick, explains this by stating that it was anticipated that the SEC would withdraw its appeal against Ripple in a protracted legal battle.
That action, which was verified in March, assisted in clearing a significant cloud from XRP’s forecast. Kendrick anticipates that structural growth in blockchain payments, an area where transaction volumes for stablecoins have already increased quickly, will help the XRP Ledger (XRPL).
The analyst thinks that XRP’s post-election gains are “sustainable because XRP is ideally situated at the center of one of the fastest-growing applications for digital assets the facilitation of cross-border and cross-currency payments
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals