XRP, Regret Selling Now?...Canary Capital CEO "Doubles by Year-End"

▲ XRP/AI-generated image

A prediction has emerged that XRP could double by the end of the year. Steven McClurg, CEO of Canary Capital, forecasted that investor interest in XRP could increase by 30% before December, and its price could double from current levels.

NewsBTC reported on May 22 (local time) that McClurg predicted the XRP market could show a three-phase trend for the remainder of 2026. McClurg believes that in the short term, the summer market could put pressure on the overall stock and cryptocurrency markets, and market funds and interest could be diverted leading up to the midterm elections.

However, McClurg analyzed that the outlook for the XRP market could change significantly after the election season. He stated that if the possibility of a U.S. cryptocurrency market structure bill passing after the midterm elections aligns with an expansion of real-world asset tokenization activities, ETF fund inflows could accelerate. He added that institutional investors are waiting for regulatory clarity before committing larger funds.

XRP ETF fund flows have already shown improvement. Last week, XRP ETF net inflows were $60 million, marking the strongest weekly performance in 2026. Cumulative net inflows increased to $1.39 billion. McClurg predicted that this figure could increase by an additional 30% by the end of the year.

At the time of McClurg's remarks, XRP was trading at approximately $1.40. If this price doubles by December, XRP would exceed $2.80. NewsBTC reported that this forecast could only materialize if regulatory progress, post-election fund rotation, and increased ETF adoption occur on schedule.

McClurg provided specific figures and timelines with his forecast. The summer market was identified as a testing period for his year-end bullish scenario, and the XRP market is expected to determine its direction in the second half of the year, focusing on ETF fund inflows and potential regulatory changes.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*