XRP Could Surpass Ethereum by 2028, Says Standard Chartered

Ripple’s XRP could soon be the second largest cryptocurrency of market capitalization, as a result of which Ethereum (ETH) caught up, according to a daring new prediction from a top bank analyst. The news coincides with the recent approval of the NYSE of a new leverage XRP ETF, which means that the rising mainstream interest is marked in the cryptocurrency.

XRP to challenge ETH by 2028

Geoffrey Kendrick, worldwide head of Digital Assets Research at Standard Chartered Bank, is of the opinion that XRP is on schedule to surpass Ethereum in the market value in the next three years. Spend against News.AZKendrick said that the rising real use of XRP, the strong financial position and the growing institutional interest rate distinguished it as a top candidate in the cryptomarkt.

XRP is currently appreciated at $ 130.9 billion with a price of $ 2.22, while Ethereum has a market capitalization of $ 329.5 billion. To carry out Kendrick’s prediction, XRP would have to climb to around $ 5.60, a goal that may seem ambitious but not impossible, especially since the token has already risen 360% in the past year.

Kendrick says it is possible …

Kendrick’s believes that it is possible if his opinion is based on the increasing usefulness of XRP, in particular in the global payment sector. Ripple, the company behind XRP, has pushed on the cross -border transaction market and wants to conquer 14% of Swift market share within five years. CEO Brad Garlinghouse recently shared This ambitious vision emphasizes the potential of XRP to become a backbone for international money transfers.

The legal clarity of Ripple, after the partial victory against the American SEC, has also increased trust among institutional players. The newest relocation of the company, a share purchasing of $ 700 million on a substantial premium of 135%, underlines investor confidence and shows that ripple dedication to long -term growth. The company currently has $ 3.7 billion cash, no debts and 41 billion XRP tokens, with a value of around $ 91 billion.

Kendrick encouraged investors to stay focused on long -term profit despite marketups and downs. He said that the tariff problems will pass and the steady performance of Bitcoin suggests that a larger rally can be for us.

• Also read:
• XRP and Cardano merger? The founder of Cryptosrus says it can be “unstoppable”
• “

Institutional importance can be a game changer

One of the most important drivers of the potential rise of XRP is in its appeal to institutions. While traditional financing continues to investigate the acceptance of blockchain, Ripple’s established infrastructure and regulatory progress give it a lead. Kendrick suggests that in the course of time institutional interest in XRP Ethereum’s can even exceed, especially if Ethereum struggles with scaling and high gas costs.

At the time of writing, XRP traded at $ 2.16. In the last 24 hours, XRP registered a trade volume of $ 2.71 billion, which reflects a strong market activity and continuous investor interest. To meet Kendrick’s prediction to catch up Ethereum by 2028, it should rise approximately 2.5 times. Although ambitious, this is not out of reach, XRP has won more than 360% in the past year.

Thank you for subscribing!

Thank you for subscribing to our crypto and blockchain newsletter! You will now receive the latest news, insights and updates directly to your inbox. Welcome to our community!

`;; Let SelectedsubsUBSubRIFTIONSARRAY = SelectedsubscriptionSstring.Split (‘,’); Leave subscription categories = SelectedsubscriptionSarray.Map (Subscription => Subscription.Split (‘_’)[0]); Let’s subscription category = subscription categories.join (‘,’); Subcribedmodal.innerhtml = subscribedpopupmodal; IF (Document.getelementbyid (‘Selectide’)) {Document.getelementbyid (‘Selectidname’). Textcontent = subscription categories string; } Document.Queryelector (‘#subscribe-modal design. Modal’). style.display = ‘none’; Subscribedmodal.style.display = ‘block’; Subscribe modal.classlist.remove (‘hide’); subscribe modal.classlist.add (‘show’); Document.getelementbyid (‘Subribe_’ + categoryid) .style.display = ‘none’; Document.getelementbyid (‘usubsibe_’ + categoryid) .style.display = ‘block’; Var Showdownloadreport = Document.getelementbyid (‘download_report’); if (showdownloadreport) {showdownloadreport.style.display = ‘block’; }}} Catch (e) {console.error (‘error parsing response:’, e); }},}); } Function Closemodal (Template_ID) {Var Modalid = template_id; Var Modal = Document.Queryelector (‘#’ + Modalid); // Use queryelector to find the modal IF (modal) {modal.classlist.add (‘hide’); modal.classlist.remove (‘show’); Setimeout (function () {modal.style.display = ‘no’;}, 500); } else {console.warn (‘modal not found:’, modalid); }} function closeunsubscribemodal () {Var unsubscribemodal = document.Queryelector (‘. Non-dumped-written-popup modal. Modal’); if (non -subscripemodal) {unsubscribemodal.classlist.add (‘hide’); unsubscribemodal.classlist.remove (‘show’); } Settimeout (function () {unsubscribemodal.style.display = ‘none’;}, 500); } Function closesubscribemodal () {VAR Abs scriptmodal = Document.Queryelector (‘. Subscribed-popup modal. Modal’); Settimeout (function () {subscriber.style.display = ‘none’;}, 500); if (subscription modal) {subscriber.classlist.add (‘hide’); Subscribe modal.classlist.remove (‘Show’); }} Function without loginclicked (Zonderlogin_ID) {LocalStorage.Setitem (‘Absscribe_witout_login’, ‘True’); LocalStorage.Setitem (‘SubCribe_Clicked_ID’, Withoutlogin_ID); } Document.Addeventlistener (‘Domcontentloaded’, Function () {Const subcurewit wood data = LocalStorage.GeTitem (‘Subribe_Wood_login’); Const subcribe_Clicked_Cat_ID = Localstorage.getitem (‘Subscrobe_id_id’); {Name) document.Cookie; Let Parts = Value.Split (“;” + name + “=”); Category ID Subscribed_popupmodal (Subscribe_clicked_cat_id); /![type=”checkbox”]’); initialist items.foreach (function (item) {console.log (item.Checked, ‘initial check box controlled status’);}); Var list items = document.Queryelectorall (‘. Subscription options Li’); if (list item.length === 0) return; Var Anyactive = False; list items.foreach (function (item) {Var checkbox = item.queryelector (‘Input[type=”checkbox”]’); if (checkbox) {if (checkbox.Checked) {item.classlist.add (‘active’); Anyactive = True; // Set Anyactive to True} Other {item.classlist.remove (‘Active’); // Remove ‘active’ class if the check box is not checked}}}); } Function Updatebuttontext (Anyactive) {Var Subcribtonspan = Document.querySelector (‘. Subscribe-submit .changebtntext’); if (abscribtonspan) {If (anyactive) {abscribtonspan.textcontent = “Subscribe now”; } Else {Abscribtonspan.textcontent = “Unsubscribe”; }}} Function updatesubsion button () {Var Listitems = Document.Queryelectorall (‘. Subscription options Li’); if (list item.length === 0) return; Var Anyactive = False; list items.foreach (function (item) {Var checkbox = item.queryelector (‘Input[type=”checkbox”]’); if (checkbox) {if (checkbox.Checked) {item.classlist.add (‘active’); Anyactive = True; // Set Anyactive to True} Other {item.classlist.remove (‘Active’); // Remove ‘active’ class if the check box is not checked}}}); // Attach the KnopText based on whether a list item has the ‘Active’ Class UpdateText (Anyactive); } Document.addeventlistener (‘click’, function (event) {Var clickeditem = event.Target.closest (‘. Subscription options Li’); If (clickeditem) {Var checkbox = clickeditem.queryelector (‘Input[type=”checkbox”]’); if (check box) {checkbox.Checked =! Checkbox.Checked; updateubsion button (); }}});