Standard Chartered Bank expects a huge rise in the Ripple XRP currency over the next few years before U.S. President Donald Trump leaves office.

In a note issued on Tuesday, the global investment bank began coverage of XRP, indicating that the digital currency could reach $12.50 by the end of 2028, up from about $1.90 at the time of writing the report. In percentage terms, this would represent a 550% increase.

The forecasts are based on XRP's potential to "keep up with the expected increases in Bitcoin prices in real value," supported by its role in cross-border payments and conversion to digital tokens.

The value of XRP increased sixfold in the two months following Trump's victory in the 2024 elections, making it the strongest gain among major digital assets.

Geoff Kendrick, head of global digital asset research at Standard Chartered Bank, attributes this to expectations that the Securities and Exchange Commission will drop its appeal against Ripple in a long-standing legal case. This move was confirmed in March, helping to remove a major obstacle from XRP's prospects.