Fiery predictions from: #Xrp🔥🔥
- In an interesting new report, Standard Chartered Bank revealed optimistic forecasts regarding the performance of the digital currency XRP, suggesting that its value could rise by up to 294% by 2028, reaching $12.50, which may qualify it to surpass Ethereum and seize the second position among cryptocurrencies globally in terms of market capitalization.
The predictions made by the bank's chief cryptocurrency analyst, Jeff Kendrick, are based on several key drivers, most notably the potential launch of a spot exchange-traded fund (ETF) for XRP in the United States, which would allow investors to gain direct exposure to the currency through regulated financial instruments, potentially leading to massive investment inflows toward it.
The report also noted the legal breakthrough in the ongoing dispute between Ripple and the U.S. Securities and Exchange Commission (SEC), after they reached a settlement of $50 million and the commission withdrew its appeal, which opens the door for a more stable future for the currency.
Kendrick added that these developments, along with supportive signals from a potential Donald Trump administration regarding the cryptocurrency market, are setting the stage for a strong rise in XRP's value over the coming years, expecting it to reach:
• $5.50 in 2025
• $8 in 2026
• $10.40 in 2027
• $12.50 in 2028
These forecasts reflect a notable shift..
