The bank also expects the XRP Ledger token to rise to $12.50 before Trump, who is crypto-friendly, leaves office.
XRP could increase by about 200% from its current level by the end of the year, according to Standard Chartered, which began covering the asset on Tuesday.
The native token of the XRP Ledger and the fourth largest cryptocurrency by market value could reach $5.50 per coin by the end of 2025, said the bank's digital asset researcher, Geoff Kendrick, in a note. XRP is a decentralized open-source blockchain created by the founders of Ripple Labs.
XRP was recently trading at $1.80, according to CoinGecko, after falling in price by 6% over a 24-hour period.
Source: decrypt
