Analyst predicts $1M price target for XRP, according to TheStreet.
What happened
XRP has remained below previous highs throughout 2026, despite Ripple’s transition into regulated banking and the launch of spot XRP ETFs, which have exceeded $1 billion in assets under management. This situation raises concerns among holders regarding when the price will move.
Jake Claver, a prominent XRP supporter and chair of the Digital Ascension Group, outlined his bullish perspective in an interview with TheStreet. He believes XRP’s current price stagnation results from institutional trading occurring off-exchange. Claver noted that potential catalysts such as ETFs, Ripple’s banking initiatives, and regulatory clarity could lead to significant price adjustments later in 2026.
Why it matters
Claver suggests that XRP’s future price movement depends critically on market dynamics. The current market structure inhibits price reflection of real demand, as large investors are reportedly acquiring XRP outside of public exchanges, which could be suppressing prices. If demand shifts to exchanges, the price could correct sharply.
Background
On November 2025, spot XRP ETFs were launched, drawing over $1 billion in cumulative inflows, suggesting strong institutional interest. Furthermore, in late 2025, Ripple obtained conditional approval from the OCC to operate a national trust bank. Ripple has also sought a Federal Reserve master account, marking significant regulatory progress for the company.
What’s next
Claver anticipates a series of critical developments in 2026, including the potential unveiling of clearer market rules and Ripple’s ongoing efforts in securing a Federal Reserve master account. Specific dates are yet to be confirmed, but legislative action on the CLARITY Act may occur before the August recess.
