Standard Chartered Predicts 330% Upside for XRP by 2026
Standard Chartered turns bullish on XRP, forecasting a 330% surge to $8 by 2026, driven by favorable regulatory shifts and positive market trends.
Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, cites two major catalysts for XRP’s bullish outlook: the SEC’s withdrawal of its appeal against Ripple, easing legal uncertainty, and the potential approval of a spot XRP ETF, which could unlock substantial institutional investment.
On the other hand, a Monte Carlo simulation, a statistical model widely used in finance, projects a 60% probability that XRP will trade between $1.04 and $3.40 by 2026, with a median estimate of $1.88.
Therefore, this suggests strong potential for steady accumulation despite ongoing short-term volatility with XRP’s price presently being $1.87 per CoinCodex data.
While Standard Chartered’s bullish $8 target excites the market, some analysts remain cautious, favoring a more conservative $3 projection amid lingering regulatory and sentiment risks.
Yet, the potential approval of a spot XRP ETF could be a game-changer, offering institutional investors a regulated, accessible way to enter the market.
XRP’s price remains highly sensitive to regulatory and adoption developments. The SEC’s withdrawal signals growing mainstream acceptance of digital assets, likely attracting hesitant institutional players. A spot ETF would further boost liquidity and lower entry barriers, potentially fueling significant buying pressure and driving a strong price rally.
Well, Standard Chartered’s bullish outlook reinforces the case for a major XRP breakout. While market volatility poses risks, regulatory clarity and rising institutional adoption support strong long-term growth potential.
Conclusion
XRP is at a critical juncture. Regulatory clarity and the potential approval of a spot ETF set the stage for substantial long-term growth.
While short-term volatility persists, Standard Chartered’s forecast highlights significant upside potential.
The coming months could prove decisive, with strategic accumulation and market developments determining whether XRP reaches its $8 target or takes a more conservative path. Either way, XRP remains a digital asset to watch closely.
Source: https://coinpaper.com/13454/xrp-set-to-skyrocket-330-after-sec-retreat-says-banking-giant-standard-chartered
