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XRP Could Surpass Ethereum by 2028, Says Standard Chartered
- Standard Chartered analyst predicts XRP could surpass Ethereum in market cap by 2028, citing utility and institutional demand.
- XRP's bullish momentum fueled by legal clarity, $700M share buyback, and SWIFT ambitions during a 360% surge in the past year.
- Geoffrey Kendrick, from Standard Chartered Bank, believes XRP will challenge Ethereum in market value within 3 years, currently valued at $130.9 billion.
- For XRP to surpass Ethereum, it would need to climb to around $5.60 from its current price of $2.22, which Kendrick sees as achievable.
- Kendrick's optimism is based on XRP's increasing utility in global payments and Ripple's ambitions to capture SWIFT market share.
- Ripple's legal clarity post-SEC battle and $700M share buyback show trust from investors and commitment to growth.
- Institutional interest in XRP could outpace Ethereum with Ripple's regulatory progress and established infrastructure.
- At present, XRP is trading at $2.16 with strong market activity, recording a 24-hour trading volume of $2.71 billion.
- XRP's appeal to institutions could drive its rise, especially if Ethereum faces issues with scaling and high fees, according to Kendrick.
- To meet Kendrick's prediction of overtaking Ethereum by 2028, XRP would need to rise about 2.5 times, a target not deemed unattainable.
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