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Standard Chartered has named XRP among altcoins to watch, forecasting a 330% surge to $8 by 2026. The bank cites the SEC’s dropped appeal and possible XRP ETF approval as key drivers. Geoffrey Kendrick, the bank’s digital assets head, points to these events as major catalysts. A Monte Carlo model shows a 60% chance of XRP trading between $1.04 and $3.40 by 2026, with a median of $1.88. Analysts remain split, but ETF approval could boost institutional interest and liquidity. The fear and greed index currently shows moderate optimism in the market.

Based on CoinPaper, Standard Chartered has issued a bullish forecast for XRP, predicting a 330% increase to $8 by 2026. The prediction is driven by the SEC's withdrawal of its appeal against Ripple and the potential approval of a spot XRP ETF. Geoffrey Kendrick, the bank's global head of digital assets research, highlights these developments as key catalysts. A Monte Carlo simulation suggests a 60% probability of XRP trading between $1.04 and $3.40 by 2026, with a median estimate of $1.88. While some analysts remain cautious, the potential ETF approval could attract institutional investment and boost liquidity.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.