Standard Chartered has published price projections for XRP through to 2028. The bank outlined targets for the end of each year, starting with 2025. The forecasts come amid global financial instability and renewed interest in digital assets, Binance reported.

Meanwhile, the $2 psychological level remains a key point of focus for traders. With XRP trading above this level, there is potential for further upward momentum.

2025 Forecast: $5.50 Target

The bank expects XRP to reach $5.50 by the end of 2025. If achieved, it would mark a new all-time high for the cryptocurrency. Standard Chartered’s projection is based in part on XRP’s recent price movement, which saw a 580% increase from November 2024 to January 2025.

While the $5.50 level has been mentioned in past forecasts from other analysts, those projections did not materialize. For example, BSC Scoop predicted XRP would hit $5.50 in July 2024, shortly after the Bitcoin halving . Analyst EGRAG Crypto also made a similar forecast in December 2023, tying it to a technical event he called the “Final Wake-up Line.” Neither prediction came true. Despite this, Standard Chartered maintains that the target is still within reach.

The report also ties XRP’s price potential to changes in the U.S. political landscape. According to the bank, Donald Trump’s return to the presidency and a more crypto-friendly regulatory environment have helped create conditions that support XRP’s growth.

You may want to read at financemagnates.com: DeepSeek AI Predicts XRP to Reach $5 and Bitcoin to Hit $500K in 2025.

Longer-Term Forecasts

Looking beyond 2025, Standard Chartered predicts XRP will reach $8.00 by the end of 2026. The bank projects further increases to $10.40 in 2027 and $12.50 in 2028. These forecasts suggest continued confidence in XRP’s role in cross-border payments and its broader adoption by financial institutions.

Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, said XRP functions similarly to stablecoins by enabling faster and more efficient financial transactions. He highlighted its utility in supporting traditional institutions, especially in international settlements.

XRP Price Finds Support Above $2

The XRPUSD H1 chart indicates that after a significant bullish move, the cryptocurrency has found support around 1.92800. The price has been gradually trending upwards. The 2.09000 level may act as intraday resistance. However, since the cryptocurrency is trading above the $2 psychological level, buyers may drive the price higher.