Analysts at Standard Chartered Forecast 330% Increase in XRP Price After Certain Event

Projected Price Rise to $8

According to Jeff Hendrick, the global head of digital asset research at Standard Chartered, XRP could climb to $8 by the end of 2026. This marks an impressive jump from the previous all-time high of around $3.84. The analysts believe that recent legal resolutions regarding Ripple’s lawsuit with the SEC have clarified the regulatory landscape, setting the stage for this growth.

Hendrick also attributes this anticipated rise to ongoing regulatory improvement within the US cryptocurrency sector and growing institutional interest in XRP, particularly through the upcoming XRP ETF. They mention that a more favorable regulatory environment is making it more feasible for financial institutions to invest in cryptocurrencies. Additionally, Ripple has successfully expanded its payment system, aided by these clearer regulations.

The demand for XRP ETFs is notably high, which bodes well for XRP’s price potential. Data from SoSoValue indicates that these ETFs have not experienced any daily net outflows since the launch of the first spot funds last month. Currently, the XRP ETF has a net asset value of $1.27 billion, equating to 1.12% of XRP’s total market cap.

Crypto specialist Unnow highlights that these ETFs are likely to create supply pressures, predicting a potential supply shock by early 2026 that could further elevate XRP prices. The expert also suggests that next year might signal a pivotal shift for altcoins, transitioning from speculation to becoming integral to global liquidity frameworks.

XRP on the Brink of a Breakout

In a recent post on X, analyst TARA observed that XRP is approaching the crucial $1.88 mark, indicating that a breakout seems imminent. She remarked that, while Bitcoin is nearing $88,000, XRP must maintain support around $1.87. If it can rebound from that level and re-test $1.88, a breakout beyond that point could establish a new support level, which TARA sees as a very positive development.

In another update, she mentioned that XRP’s Relative Strength Index (RSI) is poised to rise sharply. TARA further indicated that if the closing price today is strong and surpasses $1.88, XRP could potentially experience its next rally reaching up to $2.30. On a favorable note, the amount of XRP available on exchanges has decreased from 3.76 billion tokens in October to 1.6 billion, hitting a seven-year low, based on Glassnode’s data.