Based on CoinPaper, Standard Chartered has issued a bullish forecast for XRP, predicting a 330% increase to $8 by 2026. The prediction is driven by the SEC's withdrawal of its appeal against Ripple and the potential approval of a spot XRP ETF. Geoffrey Kendrick, the bank's global head of digital assets research, highlights these developments as key catalysts. A Monte Carlo simulation suggests a 60% probability of XRP trading between $1.04 and $3.40 by 2026, with a median estimate of $1.88. While some analysts remain cautious, the potential ETF approval could attract institutional investment and boost liquidity.
Standard Chartered Forecasts 330% XRP Surge to $8 by 2026 Amid SEC Ruling
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Summary
Standard Chartered has named XRP among altcoins to watch, forecasting a 330% surge to $8 by 2026. The bank cites the SEC’s dropped appeal and possible XRP ETF approval as key drivers. Geoffrey Kendrick, the bank’s digital assets head, points to these events as major catalysts. A Monte Carlo model shows a 60% chance of XRP trading between $1.04 and $3.40 by 2026, with a median of $1.88. Analysts remain split, but ETF approval could boost institutional interest and liquidity. The fear and greed index currently shows moderate optimism in the market.
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