$XRP price rises above $2.42 as Ripple settles with SEC Analysts have predicted a 400% rally by 2026 for the ETF.
XRP price rose above $2.42 as Ripple reached a final settlement of $50 million, ending its long-running dispute with the US SEC. Standard Chartered predicts a 400% rally through 2026 amid ETF optimism.
Ripple (XRP) hits 50-day high amid Ripple settlement with SEC
Ripple's native token, XRP, hit a 50-day high of $2.42 on Friday, marking a major milestone in its long rally.
The rally followed Ripple Labs' long-awaited $50 million settlement with the US Securities and Exchange Commission (SEC), ending a five-year legal battle.
The bullish news broke just as the crypto markets became vulnerable. Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) all recorded double-digit weekly gains, but Ripple price outperformed each of them.
The Coingecko chart above shows how Friday's bullish action pushed the XRP price above $2.42 for the first time since March 28, 2025.
$XRP closed the day around $2.34, up 6.5% for the week and up 13.5% over the past 30 days.
This latest price surge extends XRP's impressive 349.7% gain over the past year, underscoring its resilience amid persistent regulatory headwinds.
Standard Chartered analyst predicts XRP price to reach $8 by 2026.
According to Jeffrey Kendrick, head of digital asset research at Standard Chartered, XRP's upside potential is far from exhausted.
In an April report, Kendrick predicted that XRP could double to $5.50 by the end of the year and reach $8.00 by the end of 2026.
It is projected to reach $10.40 by 2027 and $12.25 by 2029 – a potential 428% increase from current prices.
Kendrick attributes XRP's growth potential to its central role in the cross-border payment ecosystem.
"XRP is uniquely at the heart of one of the fastest-growing uses for digital assets, facilitating cross-border and currency payments," Kendrick Geoff, Standard Chartered analyst, wrote.
Speaking this week, Kendrick reaffirmed his bullish stance, noting the convergence of factors supporting XRP's upward momentum.
These include a recovering macro backdrop, renewed investor appetite for altcoins, and expectations for more crypto regulatory clarity under President Donald Trump's administration.
A particularly bullish catalyst could arrive in the form of the approval of the Spot $XRP ETF. Standard Chartered expects US regulators to greenlight such products before October 2025, potentially attracting $8 billion in inflows during its first year.
Crypto betting patterns signal optimism around XRP ETFs.
Polymarket data gives a 77% chance of this ETF launching next year, while bettors on another prediction market platform, Kalashi, currently give XRP a 55% chance of surpassing Bitcoin and other major cryptocurrencies in 2025.
Kendrick also highlighted the speed of speculation on platforms such as Polymarket, where the run on digital assets has accelerated in recent weeks. has increased.
Much of the renewed enthusiasm may be linked to speculation that Trump is close to sealing new international trade deals.
While those deals have yet to materialize, the White House's 90-day tariff freeze, set to expire on July 8, has added a layer of urgency to the bullish narrative.
For XRP investors, the combination of legal clarity, favorable macro conditions, and high-level institutional endorsement paint a compelling case.
If Kendrick's projections hold, XRP could become one of the most profitable altcoin plays of the decade.
XRP Price Prediction Today: $2.60 Retest If Bulls Hold $2.19 Support
XRP is showing signs of a possible bullish continuation, supported by a decisive daily candle above the middle of the Keltner channel at $2.19 and now threatening a breakout after the upper band of $2.41.
The move is supported by a significant increase in volume delta, with net buying volume of $22.43 million on Thursday being the highest in two weeks, confirming the increased demand interest near the breakout zone.
The daily MACD histogram is now strongly positive, with the MACD line (0.0260) moving above both its signal line (0.0139) and zero line (0.0122), confirming a momentum shift in favor of buyers.
A crossover shows that a bullish divergence is active and rising, which is often an early indicator of a bullish trend.
XRP price action is also consistent with broader risk sentiment in the broader crypto market, as Bitcoin's price forecast shows a similar bullish setup today with BTC holding its $63,000 support while forming a MACD crossover of its own. This reinforces the market bullish thesis.
Still, XRP must decisively break $2.41 into support to confirm a breakout. A failure here could introduce a bearish gap again if the bulls cannot sustain the buying pressure, especially if the current candlestick upper wick is rejected.
A rejection and a return below $2.19 would reintroduce downside pressure, placing the Keltner Channel at $1.98 as the next support.
However, barring a sharp reversal, momentum indicators and increasing buying volume suggest that XRP could target the March high at $2.60 within the next several sessions, with $2.30 acting as immediate support.
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