XRP Will Overtake Ethereum By 2028: Standard Chartered
Standard Chartered on Tuesday forecasted that XRP’s (CRYPTO: XRP) market capitalization will overtake Ethereum‘s (CRYPTO: ETH) by the end of 2028, positioning XRP as the second-largest non-stablecoin digital asset.
What Happened: The bold prediction, made by Geoffrey Kendrick, head of digital assets research at Standard Chartered, highlights XRP’s growing role in cross-border payments amid shifting market dynamics.
The announcement coincides with the New York Stock Exchange’s approval of a new leveraged XRP exchange-traded fund, signaling increased mainstream interest in the cryptocurrency.
In a note shared with Benzinga, Kendrick emphasized XRP’s potential to outpace Ethereum over the next few years.
“By the end of 2028 we see XRP’s market cap overtaking Ethereum’s,” he wrote, attributing the shift to XRP’s core utility as a platform for cross-border and cross-currency payments.
He noted that this segment of the digital asset market is experiencing a sustained increase in transaction volumes, a trend Standard Chartered expects to persist, bolstering …
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