XRP Price Targets Range from $1 to $10 Amid Bullish and Bearish Scenarios

XRP's price targets are all over the map, with investors divided over whether the cryptocurrency will dip below $1 or soar to $10 in the next few years. A bullish scenario from Standard Chartered calls for XRP to hit $2.80 by the end of this year and $12.50 by the end of 2028, but a 20% chance of doubling in value by the end of the year suggests this target may be too optimistic.

To reach $12.50 by 2028, XRP would need to experience extraordinary growth, and Ripple's efforts to establish a blockchain-based payment network may be hindered by the recent failure of the Clarity Act, which stalled out despite Ripple's efforts to shepherd it through Congress.

The bear case for XRP is even more straightforward, with stablecoins taking over as a payment option. Ripple is now pushing its own stablecoin, Ripple USD, as an alternative to XRP, and it's easy to see why stablecoins are preferred: their price is always $1, while XRP's price can vary wildly.