Cryptocurrency asset manager 21Shares has come up with a base-case price target of $2.45 for XRP in 2026. 21Shares outlined three potential scenarios for XRP’s performance in 2026. The base case assumes regulatory stability continues to support steady ETF inflows and incremental utility upgrades. The bull case is $2.69.
In this scenario, institutional RWA scaling accelerates and “supply exhaustion” triggers a structural repricing. If adoption stagnates and capital rotates elsewhere, XRP could plunge back to 1.6%. According to 21Shares, XRP exchange reserves have fallen to a seven-year low of 1.7 billion XRP. This scarcity is colliding with the launch of U.S. XRP spot ETFs, which amassed over $1.3 billion in assets under management in their first month alone.
“Institutional ETF demand is colliding with a community that refuses to sell,” the report states. This intersection of scale and scarcity is the primary engine for a non-linear repricing throughout 2026. The report suggests XRP is mirroring Ethereum’s trajectory from 2017–2018, where “abstract promise gave way to proven utility.” 21Shares argues XRP is building its own “flywheel” through the rapid growth of its stablecoin, RLUSD.
Leave a Reply