International investment bank Standard Chartered has released a comprehensive assessment report on the XRP token. The report predicts that XRP’s current market value of $1.94 could increase significantly. The bank highlights the potential of this token, developed by Ripple 
$1, particularly in cross-border payments and its technological infrastructure. Forecasts indicate that XRP could reach $12.50 by 2028.
Step-by-Step Price Targets for XRP
The report from Standard Chartered outlines price targets for XRP, indicating its long-term potential. The investment bank anticipates that by the end of 2024, XRP could reach $5.50, with projections of $8 by the end of 2026, $10.40 in 2027, and $12.50 in 2028. These predictions reinforce the idea that XRP is supported not only by short-term market movements but also by fundamental developments.
Behind these price expectations lie both technological advancements and the expansion of use cases. Notably, the XRPL (XRP Ledger) infrastructure developed by Ripple offers a strong alternative to traditional financial systems by accelerating cross-border payments. As XRP’s functionality increases, investor interest is expected to rise as well.
Use Cases and Technology Take Center Stage
The report emphasizes that XRP’s price increase may not solely be speculative. The advantages it offers in terms of speed and cost for cross-border money transfers could lead to broader adoption of the token in the future. The bank also points to expected tenfold growth in the use of stable assets, which could create significant opportunities for tokens with similar infrastructure like XRP.
Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, noted that the XRPL provides an effective alternative for transactions conducted by banks and financial institutions. Kendrick stated that this infrastructure could transform not only stable assets but also payment systems. Such insights are among the factors that further reinforce XRP’s long-term potential.
Market Dynamics and Regulatory Impact
The report indicates that potential increases in XRP’s value will depend not only on technological foundations but also on global market dynamics. Regulatory decisions, in particular, could have a direct impact on investor confidence. Therefore, XRP’s future price performance will remain sensitive to regulations and industry developments.
Furthermore, Ripple’s plans to extend the XRPL infrastructure into the tokenization space could further broaden XRP’s application. This development could pave the way for digital assets to find more places in daily life. This transformation, monitored closely by investors, might create new balances in the cryptocurrency market.
