Standard Chartered Bank: XRP could reach $12.5 before President Trump's term ends.

PANews, April 8th news, according to CoinDesk, Standard Chartered Bank stated in a report released on Tuesday that before U.S. President Trump leaves office, the price of Ripple's XRP token could rise to $12.50. Standard Chartered predicts that XRP will rise to $5.50 by the end of this year, $8 by the end of 2026, $10.40 by the end of 2027, and $12.50 by the end of 2028. Standard Chartered Bank pointed out that since Trump won the election in November last year, the price of XRP has risen sixfold, reflecting the market's expectation that the U.S. SEC will withdraw its appeal against Ripple and that the XRP ETF may be approved. Standard Chartered Bank stated that this rise is sustainable, partly due to changes in SEC leadership, and also because "XRP occupies a unique position in one of the fastest-growing application scenarios for digital assets - facilitating cross-border and cross-currency payments." The report stated: "XRPL is similar to the main application scenarios of stablecoins like Tether: blockchain-based financial transactions, which have traditionally been completed through conventional financial institutions (TradFi)." Standard Chartered Bank noted that Ripple also plans to push XRPL into the tokenization space, and these positive factors mean that in terms of price appreciation, XRP should be able to keep pace with its biggest competitor, Bitcoin. The report added that XRPL has two shortcomings, namely a small number of developers and limited value capture capabilities, but these shortcomings are offset by many positive factors.