XRP is set to explode 500% by 2028, says Standard Chartered, as ETF approval, tokenization leadership, and institutional adoption fuel its rise past ethereum.

Standard Chartered Predicts XRP Surge to $12.50 by 2028 on ETF Hopes and Tokenization Boom

Standard Chartered has officially initiated coverage on XRP, forecasting a mega rally for the crypto asset driven by its role in global payments and tokenization. In a Tuesday report, Geoffrey Kendrick, the bank’s global head of digital assets research, projected that XRP could surge around 500% to reach $12.50 by the end of 2028. As part of this new coverage, Kendrick also anticipates that XRP’s market capitalization will surpass that of ethereum within the same timeframe.He stated:

By the end of 2028 we see XRP’s market cap overtaking ethereum’s. That will make XRP the second largest (non-stablecoin) digital asset at that time.

The global bank’s report also addressed regulatory momentum and its impact on XRP. He expects the U.S. Securities and Exchange Commission (SEC) to approve an XRP spot exchange-traded fund (ETF) in the third quarter of 2025, which he estimates could unlock between $4 billion and $8 billion in inflows during its first year.

“The ‘tariff mess’ will be over soon,” he explained, adding that, “bitcoin’s solid performance during the noise tells us a leg higher for the asset class will follow.” Kendrick identified a combination of factors underpinning XRP’s projected rise, including “a mix of regulatory developments, institutional adoption and expanding use cases.” He pointed to a statement from Ripple CEO Brad Garlinghouse about the SEC dropping its appeal in the XRP case and linked that decision to President Donald Trump’s election.
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