Standard Chartered leaders predict XRP could surpass Ethereum by 2028

In a bold statement, Geoffrey Kendrick, Head of Global Digital Asset Research at Standard Chartered Bank, has ignited excitement in the crypto community with the prediction that Ripple's XRP could soon surpass Ethereum to claim the position of the second largest cryptocurrency by market capitalization. This forecast becomes even more enticing as the New York Stock Exchange approves a new leveraged XRP ETF, marking a significant milestone in the development journey of this token.

Bold prediction from Geoffrey Kendrick

Kendrick believes that, with the strong expansion of practical applications and XRP's increasingly strong financial position, the coin will attract growing interest from institutional investors. This will significantly contribute to enhancing the value of XRP, making it possible for the coin to surpass Ethereum in terms of market capitalization by 2028.

Currently, XRP is trading around $2.16 with a market cap of about $127 billion, while Ethereum has a capitalization of $305 billion. For Kendrick's forecast to come true, XRP needs to reach a price of $5.6.

Although this is a challenging goal, considering the impressive growth of up to 360% in the past year, it is by no means fanciful. This forecast not only generates excitement within the cryptocurrency community but also opens up lively debates about the future of digital currencies and their position in the market.

Ripple, the company behind the XRP token, is continuously building a strong presence in the global financial sector, especially in providing cross-border payment solutions. Ripple's CEO, Brad Garlinghouse, has set an ambitious goal of capturing 14% of SWIFT's market share within the next 5 years, indicating that XRP is being positioned to become an indispensable factor in the international remittance industry.

Besides, Ripple's victory in part in the legal battle with the SEC has helped restore the confidence of major investors. Recently, the company made a share buyback worth $700 million with an impressive premium of up to 135%, reflecting strong trust from investors. Ripple's balance sheet also cannot be taken lightly as the company owns $3.7 billion in cash and 41 billion XRP tokens, worth about $91 billion.

Kendrick said investors should pay attention to XRP's long-term potential and not let short-term fluctuations or tariff concerns influence their decisions. He also emphasized that Bitcoin's stable performance over the past time could be a signal for a broader rally in the cryptocurrency market, thereby fueling the growth of other coins such as XRP.

One important factor contributing to this positive outlook is the growing interest of institutions in XRP. As the traditional financial market increasingly embraces blockchain technology, the established infrastructure and clear regulatory guidelines from Ripple have created a special advantage for this cryptocurrency. Kendrick believes that XRP's appeal to institutions could surpass that of Ethereum, especially as Ethereum continues to face issues related to scalability and rising gas fees.

This is particularly important because if Ethereum cannot effectively address these issues, XRP will have a great opportunity to capture market share in international payment and remittance markets. To achieve Kendrick's vision, XRP will need to increase its price by 2.5 times its current value by 2028, a goal that seems achievable considering the current growth rate of this cryptocurrency.

With strong development, increasing interest from institutional investors, and the potential of XRP in the cross-border payment sector, Geoffrey Kendrick's forecast that XRP could surpass Ethereum by 2028 is a promising sign for the future of this currency. Although the cryptocurrency market remains volatile and unpredictable, with a solid foundation and a clear development strategy, XRP is on its way to becoming a key player in the global financial revolution.

With all these factors, XRP is not just a digital currency, but it could be the key to unlocking new opportunities in the financial sector, with promising forecasts for a future full of potential.

Emma