$XRP
XRP
2.0589
-0.81%
The cryptocurrency market has been rather choppy in the past year, with the collective market value of all cryptocurrencies falling about 9%, primarily due to economic uncertainty (which pushed investors away from risky assets) and the unwinding of positions built on borrowed money.
XRP (XRP 0.37%) has underperformed the market, its price dropping 22% to $2.08 over the past year. But Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank, expects a rebound. He thinks regulatory clarity and the adoption of spot exchange-traded funds (ETFs) will drive XRP to $12.50 by 2028, which implies 500% upside.