It may sound daring, but according to an analyst of one of the largest banks in the world it is possible: XRP could overtake Ethereum in 2028 in terms of market capitalization. The prediction comes from Geoffrey Kendrick, head of digital power research at Standard Chartered Bank. And he is not the first the best. What is behind this striking claim? Is this just looking for attention or do they really think this?
Why XRP is suddenly in the spotlight
XRP has had a strong year. The currency has risen by 360%, has finally received some legal clarity in the US and is the subject of growing institutional interest. In XRP, Kendrick sees a currency that is not only popular with private individuals, but is used more and more in the real world – especially in international payments.
And that is exactly where Ripple, the company behind XRP, is committed: replacing traditional payment systems such as Swift. Their ambition? Certain 14% of the Swift market within five years.
Still a strong foundation
The Ripple company is financially warm:
- $ 3.7 billion in cash
- No debts
- 41 billion XRP in the hands (worth around $ 91 billion)
- A stock purchasing of $ 700 million at a premium of 135%
And that radiates trust. And that is exactly what big investors are looking for!
How realistic is the prediction?
Ethereum is currently firmly in place 2, with a market capitalization of $ 329 billion. XRP follows with $ 131 billion. To catch up with ETH, XRP should rise to around $ 5.60 per token. That is almost a doubling of the current price of $ 2.22. Ambitious? Certainly. But impossible? Not at all, especially if the institutional interest continues to grow.
According to Kendrick the difference is mainly found in use and scalability. While Ethereum continues to struggle with high transaction costs and networking, Ripple is working on the road with fast, cheap payments and more and more partnerships with banks and financial institutions.
What does this mean for you?
If you have XRP in your Passionategeekz safe, this is the kind of news that makes your heart beat faster. But even if you are just interested in how the crypto industry develops, this is an interesting moment. Because what we see here is not a hype or pump, but a shift in how the traditional financial world looks at crypto.
The possible rise of XRP shows that adoption, regulations and real use cases are becoming increasingly important. It is a maturing of the market.
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