Standard Chartered is the latest addition to the list of big financial players that think XRP has huge potential in the future. According to their estimates, the token could rise by as much as 330% in the next year.
Geoffrey Kendrick, the global head of digital assets research at Standard Chartered, has made one of the most positive estimates for the Ripple coin. According to Kendrick, the coin may rise to $8 by 2026. This is an increase of 330% from the current price of $1.86.
The bank’s outlook is reportedly based upon developments within its ecosystem. For example, the increasing interest of spot XRP ETFs in the US. In November, several investment funds for the token launched for trading. These include funds from Franklin Templeton, Grayscale, Canary Capital, and many others.
Data from SoSoValue reveals that these ETFs have attracted around $1.15 billion in overall investments as of December 29.
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