Standard Chartered Sees XRP Hitting $8 Amid ETF Approval Now

Standard Chartered forecasts XRP could reach $8 by end‑2026 as spot ETF approvals and regulatory clarity boost adoption; Monte Carlo median ~$1.9, 60% chance $1–$3.4.

  • Standard Chartered analyst Geoffrey Kendrick projects XRP could reach $8 by year-end 2026, implying roughly a 315% increase from current levels near $1.90.
  • A Monte Carlo simulation of 10,000 price paths shows a 60% probability that XRP will trade between $1.0 and $3.4 in December 2026, with a median outcome of about $1.9.
  • Spot XRP ETFs and regulatory developments are cited as key catalysts; asset managers including Franklin Templeton have launched products.
  • Ripple CEO Garlinghouse has claimed the XRP ledger could capture 14% of SWIFT volume within five years, a figure linked to aggressive upside scenarios.

Who, what, when, where, why: Standard Chartered analyst Geoffrey Kendrick forecasts XRP could reach $8 by year-end 2026. The projection appears driven by the U.S. Securities and Exchange Commission dropping an appeal against Ripple and the approval of spot XRP ETFs this year. Institutional ETF launches, including products from Franklin Templeton, are cited as adoption drivers.

- Advertisement -

A Monte Carlo simulation (a statistical method that models many possible outcomes) ran 10,000 potential price paths and produced a 60% probability that XRP will trade between $1.0 and $3.4 in December 2026, with a median outcome near $1.9. Conservative scenarios cited range from $2 to $5, while more optimistic scenarios extend to $5–$15.

Spot ETF (an exchange-traded fund that holds the underlying asset) approvals are compared to prior Bitcoin ETF effects and are presented as a catalyst for institutional demand. The article notes XRP is down about 7% year to date despite broader political support for crypto.

Garlinghouse has publicly stated: “The XRP blockchain will capture 14% of the transaction volume currently handled by the SWIFT system within five years.” (SWIFT is the global messaging network used for cross-border bank transfers.) This claim underpins some of the most bullish price scenarios.

Standard Chartered leads a bullish Wall Street range that spans roughly $2 to $8.6, while other analysts offer lower targets such as $3 for 2026. The report emphasizes regulatory clarity and ETF-driven institutional adoption as the main factors supporting the bullish cases.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Apple Stock Forms Technical Buy Point, Nears Breakout

Apple stock (AAPL) is forming a technical buy point and nearing a breakout, with...

LSEG to launch Digital Securities Sandbox for tokenization

London Stock Exchange Group (LSEG) plans to launch a Digital Securities Sandbox (DSD) this...

Tesla China Sales Slide in Jan., Exports Jump 71%

Tesla's retail sales in China plunged to 18,485 vehicles in January, their lowest monthly...

Standard Chartered Sees Bitcoin Drop to $50K Before Rise

Standard Chartered forecasts Bitcoin will fall to $50,000 and Ethereum to $1,400 before eventually...

Russia Scraps Single BRICS Currency Plan for Summit

Russia has clarified that a BRICS common currency is not on the agenda for...

Must Read

Sushiswap vs Uniswap, What are the differences between these dex?

It's no secret that the world of decentralized exchanges has exploded in recent years. Many of you are probably wondering what the difference is...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!