In a new change of events, Standard Chartered, a leading banking giant, has predicted a fresh price spike for XRP. The firm believes Ripple’s price has the potential to surge as high as 330% from its current price while banking on the brewing ETF narrative in the near future. But what makes the bank so sure about this narrative? Let’s find out.
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Standard Chartered XRP Price Prediction
Standard Chartered’s Geoffrey Kendrick believes the new year could usher in new price energy for XRP. Kendrick, in his new note, shared a bullish price forecast for XRP, stating how regulatory clarity coupled with the rising XRP ETF momentum could bolster XRP price prospects in due time.
Per Kendrick, XRP may end up exploring $8 as the regulatory arena continues to support innovation, with the XRP ETF driving its price forward.
“🔥 LATEST: STANDARD CHARTERED PREDICTS 330% PRICE SURGE FOR $XRP. Geoffrey Kendrick at Standard Chartered Bank estimates XRP will reach $8 in 2026 📈. The bullish forecast is based on increased regulatory clarity and the recent approval of spot $XRP ETFs boosting adoption. 📊 As per the on-chain analysis platform SoSoValue, spot XRP ETFs have accumulated a total new inflow of $1.14 billion as of Dec. 26.
Why XRP Price Is Not Budging Despite Grand ETF Inflows, Matt Hougan Explains
In a new video, Matt Hougan, CIO of Bitwise, shared how crypto ETFs work and why the price spikes in respective cryptos are not immediately visible despite the forms making heavy crypto purchases. Hougan was quick to add how such purchases are done via OTC trade, which helps prevent such huge price upswings in cryptocurrencies, making them neutral to explosive price spikes.
“💭 IF THERE ARE STRONG $XRP ETF INFLOWS, WHY DOESN’T THE PRICE GO UP? This is a frequently asked question about various cryptos and their corresponding ETFs. Matt Hougan of Bitwise explains how his company purchases its cryptocurrencies. The purchases are done via an “OTC” trade. This is to prevent huge swings in the price and to essentially get them a “better deal” on such a large purchase. Once Bitwise selects its market maker, it will go into the market and buy the XRP off the exchange. So, they’re the ones that are in the market buying the XRP. And then, they take that XRP, and they send it to Bitwise’s custodian.”
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