Standard Chartered Predicts XRP Price to Reach $8 by 2026

Standard Chartered analysts predict a potential 330% surge in XRP's price, reaching $8 by the end of 2026. Key drivers include:

Resolution of the Ripple-SEC lawsuit providing legal clarity.
Regulatory clarity in the U.S. crypto industry.
Institutional adoption through XRP ETFs, which have not seen daily net outflows since launch and hold $1.27 billion in assets.
Potential supply shock due to high demand for XRP ETFs.

Crypto analyst TARA suggests XRP is nearing a breakout, with a critical resistance point at $1.88. If support holds and a bullish close occurs above this level, a rise to $2.30 is possible. Positive indicators include a drop in XRP supply on exchanges to a seven-year low of 1.6 billion tokens.

Currently, XRP trades at approximately $1.86, showing an increase over the last 24 hours.

XRP