Bullish calls of XRP to jump 300% in 2026 do the rounds again, implying $8 target

The setup reads like positioning rather than panic: price isn’t moving much, but volume is rising — a combination that often shows the market is preparing for a bigger move.

News background

• Standard Chartered has reiterated one of the most bullish mainstream forecasts for XRP, calling for the token to reach $8 by the end of 2026 — roughly 330% upside from current levels — as it argues XRP can now expand without the legal overhang that defined much of the last cycle.
• Geoff Kendrick, the bank’s global head of digital assets research, said improving US regulatory clarity has made it easier for institutions to take exposure and has given Ripple and the XRP ecosystem room to build without constant litigation risk.
• That institutional interest has shown up through market structure: US-listed spot XRP ETFs have pulled in roughly $1.25 billion in net inflows since their November launch, a steadier allocation profile than the stop-start flow patterns seen in bitcoin and ether ETFs.
• At the same time, XRP exchange balances have fallen towards multi-year lows — a dynamic traders often read as reduced liquid supply available on venues.
• That doesn’t guarantee price upside, but it can magnify moves if demand holds steady and sellers become less willing to provide liquidity.

Technical analysis

• XRP slipped 0.79% to $1.87 while volume ran roughly 20.8% above weekly norms, an imbalance that typically reflects distribution or rotation rather than clean accumulation.
• The most active window hit at 14:00, when about 57.2 million units traded as XRP failed to extend above $1.8792 — reinforcing that sellers are still leaning on rallies rather than letting the price reclaim higher ranges.
• The $1.85 handle remains the line that matters. Price tested the area and held, but the broader structure remains heavy: moving averages remain stacked bearishly and sloping lower, which continues to cap upside attempts and keeps the tape biased toward selling into strength.
• Derivatives signals add complexity. Open interest climbed to $3.43 billion while spot netflows were negative by around $10.7 million, a mix that suggests leverage is building even as spot flows do not confirm aggressive demand.
• That combination can tighten ranges, but it also raises the risk of sharp moves if the market has to unwind quickly.
• The next near-term catalyst is calendar-driven: January’s scheduled 1 billion XRP escrow unlock. Even if a large portion is re-escrowed, the event tends to heighten sensitivity to supply and liquidity, particularly when price is already sitting on a major technical shelf.

Price action summary

• XRP slipped to $1.87 after failing to build above $1.8792 resistance
• Volume rose about 20.8% above weekly averages, but prices remained range-bound
• The $1.85 support zone held, keeping the market from cascading lower
• Trading activity concentrated around rejection points, consistent with selling into rallies

What traders should know

• This is a support-defense market with supply overhead.
• If $1.85 holds and XRP can reclaim the $1.88–$1.89 zone, the next test is $1.92–$1.93, where sellers have repeatedly stepped in. A close above that area would shift the short-term tone back toward recovery and open room to $2.00 and the downtrend line near $2.08.
• If $1.85 breaks decisively, the market likely rotates into the next demand pocket around $1.77, with deeper support levels in focus near $1.60–$1.55.
• In the immediate term, rising volume with muted price movement suggests positioning ahead of the January escrow unlock rather than a clean directional trend — but the compression around $1.85 makes the next break more likely to be sharp than gradual.