Standard Chartered Bank expects that XRP could jump more than 500% in the next three years, driven by its role in payments and the tokenization of assets. The institution also projects the approval of a spot ETF for the cryptocurrency in the third quarter of 2025, which could attract up to $528,191,668,598 billion in inflows in the first year after launch.
According to Geoffrey Kendrick, global head of digital assets at Standard Chartered, the price of XRP could rise from the current level of around $528,191,668,592 to $528,191,668,5912.50. "By the end of 2028, we see XRP's market capitalization surpassing that of Ethereum," Kendrick said in a report shared with The Block on Tuesday (8). "This will make XRP the second-largest digital asset in the market — excluding stablecoins — at that time." Kendrick added that the "tariff confusion" will soon come to an end and that Bitcoin's solid performance amid the noise "tells us that a rise for the asset class will follow next."
CVM approves the launch of the world's first XRP cryptocurrency ETF The fund will be called Hashdex Nasdaq XRP Index Fund and is in the pre-operational phase The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the world's first exchange-traded fund (ETF) for the XRP cryptocurrency. The ETF is from the Brazilian crypto asset manager Hashdex and will be managed by Genial Investimentos. The fund's name is Hashdex Nasdaq XRP Index Fund and it is in the pre-operational phase, according to the CVM. This is the phase in which managers and distributors seek investors to build the fund's initial assets. The digital currency XRP is Ripple's international payments token and is the third largest cryptocurrency in the world by market value, with a capitalization of US$ 150.6 billion.
$XRP Possible Breakout Point on XRP Chart Points to $15 Target
💥The XRP/USD pair appears to resume its prevailing bullish momentum that has been in play for the past four weeks after breaking out of a multi-year symmetrical triangle with a bullish outlook.
💥XRP’s price action between January 2018 and January 2025 led to the formation of a symmetrical triangle pattern on the weekly chart, as shown in the figure below. The price broke above the triangle’s descending trendline at $0.68 in mid-November 2024, signaling the start of a massive upward breakout.
💥The target is defined by the distance between the triangle’s lowest and highest points, which comes out to be around $15, an approximate 390% increase from the current price.
💥Cryptocurrencies
XRP/USD weekly chart with a symmetrical triangle pattern. Source: Cointelegraph/TradingView
💥Several analysts are also targeting a $15 price target for XRP this year, citing XRP adoption and chart technicals, institutional demand, and a crypto-friendly Trump administration as reasons.
For example, pseudonymous analyst Mickybull Crypto shared a chart showing XRP trading closer to the upper boundary of a bull flag with an upside target of $15.
💥Ripple (XRP), a top-3 cryptocurrency by market cap, has been the most impressive altcoin in recent months. It has exploded nearly 500% in the past three months, rising from a low of $0.53 to surpass $3.3. It currently remains above $3, eyeing a breakout above its all-time high of $3.84.
💥With further upside predicted, echoed by leading analysts, it is among the best coins to invest in. Skyodelic, a leading analyst, targets $10 this year. WilliamJohnQui1, taking an even more bullish stance, expects Ripple (XRP) to hit $18 this cycle.
💥At the same time, XRP price trading above the 10-period EMA ($2.97) and 10-period SMA ($2.98) suggests that it is one of the top cryptocurrencies to invest in. Despite this, IntelMarkets (INTL), a new AI cryptocurrency, could outperform the payments-based cryptocurrency. As a small-cap coin, the former has more room for growth than the latter, which has limited upside potential.
Ripple’s SuperTrend Indicator and Its Impact on Market Sentiment
The SuperTrend indicator is a technical analysis tool that helps traders identify prevailing market trends, signaling ideal times to buy or sell assets. Recently, the SuperTrend indicator on XRP’s 12-hour chart turned bullish, suggesting a potential uptrend for the cryptocurrency. Historically, such a signal has been followed by significant price increases; notably, the last time this occurred, XRP experienced a 470% increase.
As a result, this bullish signal has positively influenced market sentiment, with analysts predicting that XRP could reach prices between $8 and $13, indicating strong investor confidence.
However, it is important to note that while the SuperTrend indicator provides valuable insights, it should be used in conjunction with other analytical tools and market factors to make informed investment decisions.