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XRP Price Target: Canary Capital CEO Sees $3.40 Within Months

Guavy AI Editorial Team
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XRP RPL CPOOL
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Canary Capital CEO Steven McClurg believes that XRP's recent price surge is driven by increased activity on the XRPL, including institutional lending and yield opportunities.

In a recent interview with Paul Barron, McClurg said that he wouldn't be surprised if XRP rises above $3.40 within the next few months as these products grow.

According to McClurg, XRP Ledger's characteristics make it attractive for institutional financial applications due to its centralization and compliance capabilities.

The Canary Capital executive highlighted recent developments bringing institutional-grade credit and lending to XRPL, with the discussion mentioning Cicada Credit and Clearpool as key players in this space.

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