Top 3 Reasons Why XRP Price Can Hit the Standard Chartered Target of $5.50 This Year

XRP price may be headed for a rally after Standard Chartered predicted that it might reach $5.50 by the end of 2025. The banking giant believes that Ripple will soar by over 200% in the coming years. In this article, we explore several factors that support the bank’s bullish thesis. 

Top 3 Reasons Why XRP Price Can Hit $5.50 This Year 

Standard Chartered’s Geoff Kendrick’s forecast says that XRP price will soar by 200% to $5.50 before the end of 2025. If Ripple attains this price, the altcoin will attain a $319 billion market cap and become the largest altcoin. Let’s explore why this rally is likely to happen. 

Inflows to the First XRP ETF in the US 

Earlier this week, Teucrium Investment launched the first leveraged XRP ETF in the US. As a recent Coingape article reported, this ETF has secured five straight days of inflows. This shows high market interest in the product despite macroeconomic concerns from the ongoing US-China trade war. 

According to data from Teucrium, the 2x Long Daily XRP ETF has amassed $17.2 million in net assets after trading for only five days. During the same period, spot Bitcoin and Ethereum ETFs recorded steady outflows. This makes it likely that the XRP price will attain the Standard Chartered target of $5.50. 

US Government May Hold $50M XRP 

The US government may hold $50M XRP tokens according to Ripple CEO Brad Garlinghouse. While speaking to Fox Business, Garlinghouse noted that the settlement with the US Securities and Exchange Commission (SEC) might go to the US government. 

“The SEC is going to end up with $50 million, the US government is getting $50M. We have even talked about making that available in XRP.” 

Ripple’s settlement in the SEC case may see the token being the first altcoin to be added to a digital assets stockpile. This is bullish for XRP price and could aid a rally to $5.50 as Standard Chartered predicted. 

Regulatory Clarity

Lastly, the newly found regulatory clarity for Ripple after the SEC case ended makes the $5.50 target attainable. The end of this case will see Ripple secure adoption from retail and institutional investors, triggering a massive price rally. 

The SEC vs. Ripple lawsuit has been weighing on XRP price for years since it was opened in late 2020. With the weight being lifted, XRP will likely unlock a massive 200% rally. 

XRP Price Technical Analysis 

XRP price today trades at $2,03 with a slight 2.3% gain in 24 hours. The altcoin is now eyeing resistance at the 78.6% Fibonacci level of $2.10. If Ripple overcomes this resistance, it may recover past $2.23. 

The RSI is also flashing bullish signs after rising to 57. Meanwhile, the MACD has also flipped positive, which is a sign that the current uptrend is growing strong and may extend. 

To sum up, several bullish catalysts make the $5.50 target price for XRP by Standard Chartered attainable. Factors like the end of the SEC case, endorsement by the US government, and interest in the recently launched XRP ETF will support the parabolic 200% gains for Ripple before year-end. 

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.