Standard Chartered has published price projections for XRP
through to 2028. The bank outlined targets for the end of each year, starting
with 2025. The forecasts come amid global financial instability and renewed
interest in digital assets, Binance reported.
Meanwhile, the $2 psychological level remains a key point of
focus for traders. With XRP trading above this level, there is potential for
further upward momentum.
2025 Forecast: $5.50 Target
The bank expects XRP to reach $5.50 by the end of 2025. If
achieved, it would mark a new all-time high for the cryptocurrency. Standard
Chartered’s projection is based in part on XRP’s recent price movement, which
saw a 580% increase from November 2024 to January 2025.
While the $5.50 level has been mentioned in past forecasts
from other analysts, those projections did not materialize. For example, BSC
Scoop predicted XRP would hit $5.50 in July 2024, shortly after the Bitcoin
halving. Analyst EGRAG Crypto also made a similar forecast in December 2023,
tying it to a technical event he called the “Final Wake-up Line.” Neither
prediction came true. Despite this, Standard Chartered maintains that the
target is still within reach.
$XRP price could be $5.50 in 2025: Standard Chartered’s giant bullish forecast Will $XRP overtake #Ethereum?Details 👇https://t.co/q9yQlxUoBI
— Crypto Data Space (@cryptodataspace) April 9, 2025
The report also ties XRP’s price potential to changes in the
U.S. political landscape. According to the bank, Donald Trump’s return to the
presidency and a more crypto-friendly regulatory environment have helped create
conditions that support XRP’s growth.
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Longer-Term Forecasts
Looking beyond 2025, Standard Chartered predicts XRP will
reach $8.00 by the end of 2026. The bank projects further increases to $10.40
in 2027 and $12.50 in 2028. These forecasts suggest continued confidence in
XRP’s role in cross-border payments and its broader adoption by financial
institutions.
Geoffrey Kendrick, Head of Digital Assets Research at
Standard Chartered, said XRP functions similarly to stablecoins by enabling
faster and more efficient financial transactions. He highlighted its utility in
supporting traditional institutions, especially in international settlements.
XRP Price Finds Support Above $2
The XRPUSD H1 chart indicates that after a significant
bullish move, the cryptocurrency has found support around 1.92800. The price
has been gradually trending upwards. The 2.09000 level may act as intraday
resistance. However, since the cryptocurrency is trading above the $2
psychological level, buyers may drive the price higher.
This article was written by Tareq Sikder at www.financemagnates.com.
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