Top Reasons Why XRP Price Could Hit $5.50 This Year – Expert Weighs In

XRP might be gearing up for a big move, and Standard Chartered Bank is doubling down on its bold prediction: a $5.50 price target by the end of 2025.

Top Reasons Why XRP Price Could Hit $5.50 This Year - Expert Weighs In

XRP might be preparing for a substantial surge, and Standard Chartered Bank is reiterating its bold prediction: a $5.50 price target by the end of 2025. In a new video, crypto expert Zach Humphries, boasting over 195,000,000 subscribers on YouTube, delves into why this forecast remains valid and what could propel XRP's next rally.

From institutional funds engaging with crypto to the U.S. government's possible involvement, several developments are unfolding behind the scenes, which could push the XRP price higher.

If you've been following XRP closely, you're aware that the narrative has been filled with ups, downs, and legal disputes. However, with events unfolding in favor of the token, many are curious to know if this is the time for XRP to shine.

Here are some reasons why XRP price could skyrocket soon:

Institutional Interest Is Heating Up

One of the key highlights in the video is the increasing interest from institutions in XRP, a point Standard Chartered emphasizes in its prediction. Its analysis focuses on the fact that, in the first five days of July, an XRP ETF managed to attract $17 million in assets. In contrast, both Bitcoin and Ethereum ETFs experienced outflows during the same period.

However, things get even more interesting as around 18 XRP ETFs have been filed, and 10 of them are reportedly close to receiving approval. Moreover, renowned names like BlackRock (NYSE:BLK) and Fidelity are said to be closely monitoring the developments. Should these funds be launched, they could bring a substantial influx of cash into XRP.

See Also: Bitcoin Price Remains Flat As July CPI Data Is Due Later Today

Ripple’s Legal Progress and Potential U.S. Government Holdings

Yes, you read that right. Recently, Ripple CEO Brad Garlinghouse told Fox Business that the U.S. government might end up holding 50 million XRP as part of its settlement with the SEC. While this hasn't been officially confirmed yet, if it happens, it would be a significant vote of confidence.

The idea is that the government could be creating a digital asset reserve, and with someone like Trump rumored to be supportive of crypto, this move could trigger major FOMO, ultimately fueling a big rally in XRP's price.

Ripple’s Tokenization Plans and Legal Shift

Ripple is diligently working on tokenizing real-world assets, transforming them into blockchain tokens. They envision this as a pivotal step in revolutionizing the financial landscape. But for this initiative to truly take off, clear regulations, especially from the SEC, are crucial.

The good news is that the SEC vs. Ripple case seems to be nearing its conclusion. Notably, XRP was unable to participate in the last bull run due to this lawsuit. If the case is resolved soon, there's a strong possibility that we could witness a surge in interest from both retail and institutional investors.

What Happens If XRP Price Hits $5.50?

If XRP manages to reach the $5.50 mark, it would translate to a 200% gain from its current price level. Additionally, this would push its market cap to approximately $319 billion, potentially overtaking Ethereum if ETH doesn't experience significant movement.

The host didn't disclose the exact price at which XRP is currently trading but mentioned that the technical setup looks promising. And with several factors in play, including ETFs, tokenization, the possibility of government involvement, and a legal battle winding down, there's a growing argument for XRP's next major rally.

Whether or not XRP price will hit $5.50 this year remains to be seen, but the pieces are slowly falling into place.