Dev Bank's Price Prediction for Ripple: It Could Even See These Prices While Trump is in Office! - Coin Bulletin

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Standard Chartered predicts that XRP could rise to $12.50 while Donald Trump is in office as President of the USA

The investment bank stated that XRP has increased sixfold following Donald Trump's presidential victory, and this increase occurred amid expectations for the SEC to withdraw its appeal against Ripple and for XRP ETFs to be approved. Currently, XRP is trading around $1.94 and has recorded a 9% increase. The bank indicated that by the end of 2023, XRP will reach $5.50, by the end of 2026 $8, and in 2027 it will reach $10.40.

Standard Chartered highlighted that the growth of XRP in the digital asset space presents a significant opportunity, especially for cross-border payments and cross-currency transactions. The bank stated that XRP's XRPL platform holds great potential for blockchain-based financial transactions, similar to the use cases of stablecoins like Tether.

Stablecoins are cryptocurrencies whose values are tied to another asset, such as the US dollar, and they have shown significant growth in recent years. Standard Chartered expects stablecoin transactions to increase tenfold over the next four years. This growth will play an important role in the appreciation of XRP.

Ripple is also planning to integrate the XRPL platform into the tokenization space. This step could allow XRP to gain more value in the long term. XRP is expected to experience a price increase similar to larger cryptocurrencies like Bitcoin (BTC).