XRP is set to explode 500% by 2028

XRP is set to explode 500% by 2028, says Standard Chartered, as ETF approval, tokenization leadership, and institutional adoption fuel its rise past ethereum.

Standard Chartered has initiated coverage on XRP, setting a 500% price surge by 2028 as ETF approval, tokenization leadership, and institutional adoption fuel XRP's rise past ethereum.

Standard Chartered Predicts XRP Surge to $12.50 by 2028 on ETF Hopes and Tokenization Boom

Standard Chartered has commenced coverage on XRP, projecting a mega rally for the crypto asset driven by its role in global payments and tokenization. In a Tuesday report, Geoffrey Kendrick, the bank’s global head of digital assets research, anticipates XRP surging around 500% to reach $12.50 by the end of 2028.

As part of this new coverage, Kendrick also predicts that XRP’s market capitalization will surpass that of ethereum within the same timeframe. He stated:

“By the end of 2028 we see XRP’s market cap overtaking ethereum’s. That will make XRP the second largest (non-stablecoin) digital asset at that time.”

The global bank’s report also addressed regulatory momentum and its impact on XRP. He expects the U.S. Securities and Exchange Commission (SEC) to approve an XRP spot exchange-traded fund (ETF) in the third quarter of 2025, which he estimates could unlock between $4 billion and $8 billion in inflows during its first year.

“The ‘tariff mess’ will be over soon,” he explained, adding that, “bitcoin’s solid performance during the noise tells us a leg higher for the asset class will follow.” Kendrick identified a combination of factors underpinning XRP’s projected rise, including “a mix of regulatory developments, institutional adoption and expanding use cases.” He pointed to a statement from Ripple CEO Brad Garlinghouse about the SEC dropping its appeal in the XRP case and linked that decision to President Donald Trump’s election.

Describing XRP’s utility, the global head of digital assets research stated:

“ XRP’s blockchain, the XRP Ledger [XRPL], is a payments chain and may become a tokenization chain.”

He drew a comparison to Stellar’s infrastructure and added that Stellar is currently the second-largest player in the tokenization market.

The Standard Chartered analyst anticipates XRP to reach $5.50 by the end of 2025, then increase to $8.00 in 2026, and finally hit $12.50 by 2028, staying at that level through 2029. This projection assumes a bitcoin price of $500,000 by 2028 and implies that XRP will sustain its value growth even in a higher inflation environment: “6% for XRP vs. 0.8% for BTC.” Despite XRP’s relatively small developer base and low-fee model, Kendrick believes these hurdles will be “offset by the positive drivers mentioned above.”

XRP is entering a transformative phase in the U.S. financial landscape as it bridges into institutional markets via multiple developments. A 2x leveraged ETF tied to XRP futures began trading on NYSE Arca this week, offering amplified daily exposure without spot holdings. Coinbase also filed with the CFTC to launch nano XRP futures. This follows Bitnomial Exchange’s introduction of physically settled XRP futures. Meanwhile, Ripple’s $1.25 billion acquisition of Hidden Road marks a strategic leap, integrating XRP Ledger into global prime brokerage and enabling cross-asset settlement. Ripple CTO David Schwartz called it a “defining moment,” while CEO Garlinghouse sees XRP gaining traction in traditional markets. Concurrently, Ripple and the SEC jointly requested a legal pause in the XRP case to finalize a landmark $50 million settlement, ending their long-standing case.

News data source: kdj.com

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