Analysts at Standard Chartered have predicted that the XRP price could rise by about 330%. They also outlined catalysts that could cause this price increase, leading to a new all-time high (ATH) for the Ripple-linked token.
Standard Chartered predicts an XRP price rise to $8
Standard Chartered’s global head of digital asset research, Geoff Hendrick predicted it that the XRP price could rise to $8 by the end of 2026, which represents an increase of about 330%. This would also mark a new all-time high for the token, with a current ATH of around $3.84. The analyst expects the token to register such growth as it now has legal clarity following the token’s settlement Ripple-SEC lawsuit.
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Kendrick also expects the XRP price to rise to $8, thanks to regulatory clarity for the US crypto industry and the institutional adoption of the token over the years. XRP ETFs. The Standard Chartered analyst noted how the improving regulatory environment has made it easier for institutions to gain exposure to the token. Meanwhile, Ripple has been able to grow its payment system, which involves XRP, thanks to its regulatory-friendly environment.
These XRP ETFs in particular are seeing significant demand, which is bullish for the XRP price as it expects to rally to $8 next year. SoSoValue data shows that these ETFs have yet to record daily net outflows since the first spot fund launched last month. The XRP ETFs currently have net assets of $1.27 billion, which represents 1.12% of the token’s market capitalization.
Crypto expert Noted unknown that these ETFs quickly absorb the supply. Therefore, he predicts that a supply shock could occur in early 2026, causing the XRP price to rise. The expert also stated that next year will be the turning point when the altcoin shifts from speculation to global liquidity infrastructure.
XRP is preparing for a breakout
In one X messageCrypto analyst TARA stated that the XRP price is approaching the critical level of $1.88 and is in a very tight range, indicating that a breakout will occur soon. The analyst noted that XRP should hold support at $1.87 even if Bitcoin is approaching $88,000. She added that if the altcoin bounces from here and tests $1.88 again, it could break above that resistance and then hold as support, which would be a very bullish sign according to TARA.
In another X messageshe revealed that XRP’s Relative Strength Index (RSI) was trying to break higher. TARA further noted that if today’s close is bullish, with a close above $1.88, it could fuel the next wave to $2.30 for the XRP price. A positive point for XRP is that Glassnode data shows that XRP on exchanges has fallen to a seven-year low of 1.6 billion tokens, down from 3.76 billion in October.
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At the time of writing, the XRP price is trading around $1.86, up in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com