21Shares reveals the bullish case for XRP

According to a report by Bijie Network, cryptocurrency asset management firm 21Shares predicts that by 2026, the fundamental target price for XRP will be $2.45, citing regulatory clarity and the widespread adoption of US spot ETFs as potential drivers of a “supply shock.” The company’s report outlines multiple scenarios: from a bull case of $2.69 driven by institutional RWA expansion and supply depletion, to a bear case dropping to $1.6 if adoption stalls. Meanwhile, XRP reserves on exchanges have fallen to a seven-year low of 1.7 billion, and with new spot ETFs having raised over $1.3 billion in assets, XRP’s scarcity is further intensified.