Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
‘XRP Price Could Double By End of Year’, Says Canary Capital CEO

‘XRP Price Could Double By End of Year’, Says Canary Capital CEO

CryptoNewsNetCryptoNewsNet2026/05/21 19:21
By:CryptoNewsNet
Back to the list

‘XRP Price Could Double By End of Year’, Says Canary Capital CEO

‘XRP Price Could Double By End of Year’, Says Canary Capital CEO image 0  coinpedia.org 14 m
‘XRP Price Could Double By End of Year’, Says Canary Capital CEO image 1

$XRP pulled in $60 million in net ETF inflows last week, its strongest weekly performance of 2026, pushing cumulative inflows to $1.39 billion. Canary Capital CEO Steven McClurg says that number is just the beginning.

“I believe that $XRP could probably double in price by the end of the year,” McClurg told the show directly. “And in addition to the double in price, we also probably see a 30% increase in interest by the end of the year.”

That is not a vague bullish take. It is a specific, timestamped prediction from the CEO of one of the first firms to file a spot $XRP ETF in the United States.

The Roadmap McClurg Is Seeing

McClurg laid out a three-phase view of how $XRP gets there.

Phase one: Tough summer. McClurg was candid that summer will not be easy. “I do believe the summer is going to be a tough summer for equities and crypto across the board.” He did not sugarcoat the near-term.

Phase two: Midterm drag. As the US enters midterm election season, attention and capital flow away from markets and toward political positioning. Crypto historically underperforms during this window.

Phase three: Post-midterm surge. “Once we go into the midterm election season and then after midterms, that is when I believe you will see a lot more inflows coming into the ETFs.” The CLARITY Act, tokenized securities, and RWA growth all feed into that post-midterm wave.

The One Number to Watch

$1.39 billion in cumulative $XRP ETF inflows with the strongest weekly print of 2026 just logged. McClurg believes that number grows 30% by December, driven by post-midterm capital rotation, RWA momentum, and CLARITY Act passage giving institutional allocators the green light they have been waiting for.

$XRP is trading around $1.40 today. McClurg’s double target puts it above $2.80 by year end.

The summer will test that thesis. The post-midterm window is where he says it gets proved right.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Will Musk Face "Reckoning" After the Election? Deutsche Bank: The Tighter the Hashpower, the More Profitable SpaceX; Political Risks Are Overestimated

Deutsche Bank believes that SpaceX's political risks are overestimated by the market—its core contracts are signed by federal executive agencies, congressional intervention is extremely limited, and there are no substitute suppliers in most business areas. The most immediate risk comes from the Texas governor-elect's tough stance on data centers, but tightening compute power supply might actually enhance SpaceX's pricing power and revenues.

华尔街见闻•2026/11/08 12:06
Will Musk Face "Reckoning" After the Election? Deutsche Bank: The Tighter the Hashpower, the More Profitable SpaceX; Political Risks Are Overestimated

After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over

As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.

华尔街见闻•2026/11/08 09:41
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over