Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered, has brought forth a bold prediction: Ripple’s altcoin, XRP, may surpass Ethereum (ETH) 
$2,374 in market capitalization within the next three years. This assertion is grounded in the actual increased utility of XRP, Ripple’s strong financial standing, and rising institutional interest. The announcement coincides with the NYSE’s approval of a leveraged XRP ETF. Recent developments suggest a notable interest in the altcoin from mainstream finance, aligning with Kendrick’s prediction.
XRP’s Potential to Outshine Ethereum
Kendrick highlighted XRP’s growing significance, particularly in the global payments sector. Ripple 
$1, the company backing XRP, is making significant advances in the cross-border transaction market, aiming to capture 14% of SWIFT’s market share over the next five years. CEO Brad Garlinghouse shares this ambitious vision, indicating XRP’s potential to become a backbone of international money transfers.
Following a partial victory in its lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple gained a degree of legal clarity, bolstering trust among institutional players. The company’s recent move to repurchase shares at a nearly 135% premium for $700 million demonstrates its commitment to investor trust and long-term growth. Ripple possesses $3.7 billion in cash, no debt, and approximately 41 billion XRP coins valued at $91 billion.
Rising Interest from Institutional Investors
Kendrick advises focusing on long-term gains despite the fluctuations in the cryptocurrency market. He perceives the current tax debates as passing issues and suggests that Bitcoin 
$78,815‘s steady performance could signal a larger rally. He emphasized that institutional interest in XRP is a key driver for its potential rise.
As the traditional financial sector continues to adopt Blockchain technology, Ripple’s established infrastructure and regulatory progress give it a notable edge. Kendrick posits that, especially if Ethereum continues struggling with scaling and high gas fees, institutional interest in XRP might eventually surpass Ethereum’s.
At the time of this report, XRP was trading at $2.16, with a trading volume of $2.71 billion over the past 24 hours. For Kendrick’s 2028 target, XRP needs to increase approximately 2.5 times from current prices. Although ambitious, given its over 360% surge last year, such growth for the altcoin is feasible.
