Haciyev Reşit 
Expectations for XRP have returned to the spotlight in the cryptocurrency market, following a notable assessment from U.S.-based asset management firm 21Shares. In its latest report, the company shared its price outlook for XRP for 2026, drawing significant attention from market participants. Coming after the recent pullback in XRP’s price over the past months, this assessment has prompted investors to reassess the medium- and long-term outlook, while the scenarios presented in the report are being closely monitored by the market.
Current State of XRP: Pullback from the Peak
XRP was among the altcoins that benefited the most from the broad crypto market rally following Donald Trump’s presidential victory in November 2024. During this period, rising risk appetite and improving regulatory expectations pushed XRP’s price as high as $3.65 in 2025. However, since reaching this peak in July, XRP has struggled to escape its downward trend. At present, XRP is trading below the $2 level, reflecting a cautious stance among investors.
This outlook has not eliminated bullish expectations for 2026, but it has led price forecasts to be evaluated within a more measured and conservative framework. Analysts emphasize that additional catalysts are needed for a strong recovery, and that broader market conditions will remain decisive.
21Shares’ XRP Price Target for 2026
In its report titled “XRP Outlook for 2026,” 21Shares announced a base-case price target of $2.45 for XRP. The report states that this target was formulated by jointly assessing current market conditions, supply–demand dynamics, the macroeconomic environment, and regulatory developments. Analysts note that this level suggests limited but stable upside potential compared to current prices.
In a more optimistic scenario, the report highlights that upside potential could extend further. According to this view, if factors such as a reduction in supply, increased institutional investor interest, and the expansion of the real-world assets (RWA) market come into play simultaneously, XRP could rise to as high as $2.69. However, the realization of this scenario would require supportive market conditions and a sustained strengthening of demand.
ETF Demand and Regulatory Clarity
Another key point highlighted in the report is demand for XRP ETFs. According to analysts, 55 consecutive days of net inflows into XRP ETFs signal continued institutional interest and steady capital inflows into the market. In addition, the final resolution of the SEC lawsuit has removed a long-standing legal uncertainty that had weighed on XRP.
Taken together, these developments suggest that XRP has entered a more transparent and market-driven pricing phase, largely free from regulatory overhang. Analysts believe this environment could provide a healthier foundation for value discovery for XRP in the medium term.
Risks and Alternative Scenarios
Alongside the positive factors, 21Shares analysts also point to several risks. Limited measurable real-world use cases, shifts in market sentiment, a slowdown in ETF inflows, or the absence of large-scale adoption by the banking sector could expose XRP to a potential “sell the news” scenario. Overall, 21Shares’ assessment points to limited yet steady upside potential for XRP in 2026. Continued ETF demand, institutional adoption, and developments within the Ripple ecosystem are expected to remain key drivers of XRP’s price performance.
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