Standard Chartered analyst predicts XRP will flip Ethereum in 3 years originally appeared on TheStreet.
Geoffrey Kendrick, global head of digital assets research at Standard Chartered Bank, recently predicted that XRP would overtake Ethereum in terms of market cap by 2028.
Kendrick wrote:
“That will make XRP the second-largest non-stablecoin digital asset.”
As per Kraken, Bitcoin is the largest cryptocurrency with a market cap of $2.12 trillion, followed by Ethereum with a market cap of $329.5 billion and Tether’s USDT with a market cap of $155 billion.
XRP is the fourth-largest cryptocurrency that has a market cap of $130.9 billion. If we take Kendrick’s 2028 projection into consideration, then XRP’s price should reach $5.6 over the next three years.
XRP was exchanging hands at $2.22 at press time, as per Kraken’s price feed. The cryptocurrency needs to surge by 2.5 times by 2028 if it is willing to meet Kendrick’s rather ambitious expectation.
But it’s not an impossible ask for a cryptocurrency that has surged more than 360% in value over the last 12 months.
Meanwhile, Ripple CEO Brad Garlinghouse recently said he expected XRP to capture 14% of the SWIFT market share within the next five years. While SWIFT is the backbone of the cross-border payments industry, it’s often criticized for its slow and expensive model — something Garlinghouse is counting on, as XRP claims to offer a faster and more economical international payments system.
In other news, investor Jeremy Raper revealed on X on 10 June that Ripple is planning a $700 million buyback of 3-5% of the company at $175 per share.
The pre-IPO Ripple stock was trading at $75.99, as per HIIVE. So, the company’s later bid represents a 135% premium. The company last bought back its shares in January at $125 per share, and now it has hiked the price and size of the buyback within six months only, Raper noted.
Ripple has $3.7 billion in cash and 41 billion XRP tokens worth $91 billion, with no debt on its balance sheet. The company also holds $600 million in other undisclosed investments, besides holding 36.2 billion XRP tokens in an escrow.
Standard Chartered analyst predicts XRP will flip Ethereum in 3 years first appeared on TheStreet on Jun 12, 2025
This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared.
