PANews reported on April 8 that according to CoinDesk, Standard Chartered Bank said in a report released on Tuesday that Ripple's XRP token price may rise to $12.50 before US President Trump leaves office. Standard Chartered Bank predicts that XRP will rise to $5.50 by the end of this year, $8 by the end of 2026, $10.40 by the end of 2027, and $12.50 by the end of 2028.
Standard Chartered noted that XRP has risen sixfold since Trump won the election in November, reflecting expectations that the SEC will withdraw its appeal against Ripple and that an XRP ETF may be approved. Standard Chartered said the gains are sustainable, in part due to changes in SEC leadership, but also because "XRP occupies a unique position in facilitating cross-border and cross-currency payments, one of the fastest growing use cases for digital assets." The report reads: "XRPL is similar to the main use case of stablecoins such as Tether: blockchain-based financial transactions, which are traditionally completed through traditional financial institutions (TradFi). Standard Chartered noted that Ripple also plans to push XRPL into the tokenization space, and these positive factors mean that XRP should be able to keep up with its biggest competitor Bitcoin in terms of price appreciation. The report added that XRPL has two shortcomings, namely a small number of developers and limited value capture, but these shortcomings are offset by many positive factors.
