Ripple's Price Forecast Surpassing $12 According to Standard Chartered's Analyst, Kendrick
Revised Article:
Let's dive into the latest scoop from Standard Chartered's Geoffrey Kendrick, who's got some bold predictions for the stablecoin cryptocurrencies' market. This ones got XRP enthusiasts buzzing, especially since their favorite token's been in a bit of a slump lately. Kendrick's report shows a strong likelihood of XRP prices soaring in the near future, but it's worth questioning whether the market data backs up this jaw-dropping prediction.
XRP: Shattering the $2 Barrier and Reaching $5.5 by 2025?
You heard it right - Standard Chartered believes each XRP token could hit a whopping $5.5 by 2025's end. But here's the catch - XRP is currently having a hard time breaking the $2 resistance zone. As I type this, XRP hovers around $1.82 with a 3.24% drop in the last 24 hours. Ouch. That's not all though; XRP also shows a 14% weekly and 17.3% monthly decline in value. Yikes. As of now, XRP clocks in at 52.45% below its All-Time High of $3.84. So, unless we see a massive, explosive XRP price surge, reaching $5.5 might be a real tough nut to crack.
Here's a peek at the breakdown from Table 1, straight from Standard Chartered, dated April 9, 2025:
As you can see, Standard Chartered's XRP price prediction displays an eye-popping 100% surge in XRP value for 2025, along with over 400% growth for the token's worth by the end of 2026. The pace slows down a tad in 2027, with a projected 500% value increase. In 2028, XRP's value is expected to skyrocket another 100%. The only bearish prognosis for XRP comes in 2029, with a slight dip from $12.5 to $12.25.
XRP vs. Ethereum: Who Wins the Crypto Race?
Interestingly, the predicted growth for XRP puts it neck-and-neck with Ethereum. Kendrick predicts that XRP will snag the title of second-largest non-stablecoin crypto in the market in the not-so-distant future. But with the current global turmoil thanks to the "insert curse word trade policy," it seems like a pipedream. Even so, Kendrick seems confident that the current "tariff mess" is just temporary and will blow over soon. He believes that after the trade war ends, the crypto market will experience exponential growth. Kendrick points to Bitcoin's performance during tough economic times as the silver lining in his prediction.
Will the SEC Greenlight More XRP ETFs in 2025?
Kendrick also mulled over Donald Trump's pro-crypto policies. He believes that with a crypto-friendly commander-in-chief, the crypto market will boon like never before. He predicts that as the government hearts crypto more, we can expect the SEC's swift approval of XRP ETFs before you can say "blockchain." We've even seen the first approved US XRP ETF make its debut already - the Teucrium 2x Long Daily XRP ETF launched on April 8, sparking excitement in the market! But as of now, there are still a stack of XRP ETF applications waiting on the SEC's approval.
XRP: The Future of Cross-Border Payments?
Based on Kendrick's forecast, we can expect XRP spot ETFs to get the go-ahead in Q3 of 2025, bringing in $8 billion in capital. He also stated that the cross-border crypto payment sector is on a tear, with an explosion in growth rates, soaring 50% each year and seeing a 10x increase in just four years. Considering Ripple and the XRP network's meteoric rise, we can anticipate an epic leap in the near future.
Additional Insights:Some experts believe that June 2025 could be a bullish period for XRP, with predictions of values between $5.5 to $6.0, indicating potential for robust growth in the coming months. However, reaching the $5.5 barrier relies heavily on sustained bullish momentum. Recent volatility shows a wide range of future predictions, from lows of $1.66 to highs of $2.29, suggesting that an explosive surge to $5.5 without continued bullish momentum is a bit speculative. The launch of XRP ETFs could potentially trigger a price surge, but reaching $5.5 might be challenging without significant market events and positive sentiment. However, the future of XRP remains bright, making it a promising investment for crypto enthusiasts.
- Geoffrey Kendrick from Standard Chartered predicts each XRP token could reach an impressive $5.5 by the end of 2025, a projected 100% surge in XRP value for that year.
- Kendrick's report suggests that XRP, currently struggling to break the $2 resistance zone, might find it challenging to reach the predicted $5.5 without a massive, explosive price surge.
- In XRP vs. Ethereum race, Kendrick predicts that XRP could overtake Ethereum to become the second-largest non-stablecoin crypto in the market, given the current market conditions.
- Kendrick anticipates that the SEC will swiftly approve more XRP ETFs following a pro-crypto policy by Donald Trump, possibly \ after the approval of the Teucrium 2x Long Daily XRP ETF on April 8, 2025.
- Based on Kendrick's forecast and the potential approval of XRP ETFs, investors can expect a influx of capital of around $8 billion into the XRP spot ETFs in Q3 of 2025, with the cross-border crypto payment sector experiencing a 10x increase in just four years, making XRP a promising investment for crypto enthusiasts.
