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XRP, one of the altcoins that benefited most from Donald Trump’s presidential victory in November 2024, rose to levels as high as $3.6 during the summer months.
XRP, which subsequently experienced a significant downward trend, fell as low as $1.50 during the major crash in October, and is now trading around $1.87.
Following the sharp declines, expectations for XRP to rise have diminished, while Standard Chartered reiterated its 2026 target for XRP.
According to Coindesk, Standard Chartered predicts that the price of XRP will reach $8 by the end of 2026. This represents an increase of approximately 330% from current levels.
The major bank argues that XRP could experience significant gains because the regulatory hurdles that existed for much of the previous cycle are no longer in place.
Geoff Kendrick, head of digital asset research at Standard Chartered, said that increased regulatory clarity in the U.S. makes it easier for institutions to take risks and provides Ripple and the XRP ecosystem with room to grow without the constant risk of lawsuits.
Kendirck stated that his bullish forecast included regulatory clarity as well as the approval of spot XRP exchange-traded ETFs.
From a technical perspective, the $1.85 level appears to be a critical support level to watch for XRP. Analysts also point out a significant event to follow in the near future for XRP: the opening of a 1 billion XRP escrow account in January, which could trigger sharp price movements.
*This is not investment advice.