XRP Draws Bullish Forecast from Wall Street Strategist
Wall Street isn’t known for making bold cryptocurrency forecasts. But one strategist is standing out. Geoff Kendrick, global head of digital asset research at Standard Chartered, recently issued a striking prediction on XRP.
Kendrick believes XRP could soar 471% in the next few years. This puts it among his top crypto picks, driven by legal clarity, payments utility, and long-term growth potential.
Why Most Analysts Avoid Crypto Forecasts
Traditional Wall Street analysts shy away from crypto forecasts. Unlike stocks, cryptocurrencies don’t generate earnings, dividends, or cash flow. This makes valuation far more subjective.
But Kendrick, a 20-year veteran of currency markets, applies a macroeconomic lens to digital assets. His approach focuses on adoption, utility, and market sentiment — especially for tokens like XRP.
XRP’s Payments Potential Remains Strong
XRP has long attracted attention for its cross-border payments use case. Launched in 2012, it was among the first blockchains capable of high-speed, low-cost transactions.
Although other competitors have emerged, XRP remains a core asset for fast financial transfers. Kendrick highlights this real-world utility as a key reason for his bullish stance.
SEC Lawsuit Clouded XRP’s Outlook
Much of XRP’s price volatility stems from its long legal battle with the U.S. Securities and Exchange Commission (SEC). In 2020, the SEC sued Ripple — the company behind XRP — for allegedly selling unregistered securities.
The lawsuit also named Ripple’s co-founder and CEO Brad Garlinghouse. For four years, the case dragged on, creating uncertainty that weighed on XRP’s market sentiment.
Legal Clarity Could Unlock XRP’s Value
Although Ripple appeared to score partial wins in court, the SEC has appealed portions of the ruling. However, Kendrick believes the worst may be over. If the legal cloud clears fully, XRP could benefit from restored investor confidence.
This clarity may also influence how other cryptocurrencies are treated in U.S. regulation — positioning XRP as a test case for future legal frameworks.
XRP Is Still One of the Top Cryptocurrencies
Despite legal setbacks, XRP remains one of the largest cryptocurrencies by market capitalization. Investors continue to hold the token due to its original vision and ongoing utility in payments systems.
Its presence on global exchanges and support from a dedicated user base reinforce XRP’s resilience. Kendrick sees this as the foundation for its future price surge.
A 471% Price Prediction Isn’t Without Risk
While Kendrick’s 471% upside target for XRP is exciting, it comes with risks. The SEC case could still shift unexpectedly. Also, market competition is increasing, and macro conditions could limit crypto adoption.
That said, if XRP overcomes legal hurdles and reasserts itself in the global payments space, it could deliver significant returns — making Kendrick’s call one to watch closely.
