Canary Capital CEO Steven McClurg expects XRP's price to roughly double from its current level around $1.40 to above $2.80 by December 2026. The forecast comes as spot XRP exchange-traded funds attract fresh investor cash — net inflows hit $60 million last week, the best weekly performance so far in 2026 and pushing cumulative ETF inflows to $1.39 billion.
The three-phase path
McClurg laid out a three-phase roadmap for the rest of the year. The near term looks rough, he said, with summer pressure and midterm elections weighing on sentiment. After November, though, he expects an acceleration tied to ETF adoption and potential passage of the CLARITY Act. Real-world asset tokenization could provide another jolt.
The CEO also predicts a 30% rise in investor interest and a 30% increase in total ETF inflows by year-end. Canary Capital was among the first firms to file for a spot XRP ETF in the US.
Why the timing matters
XRP has been hovering near $1.40 for weeks, below its 2025 highs but still well above its 2023 levels. The ETF inflows show institutional demand is building slowly. McClurg's $2.80 target implies a 100% gain over roughly 21 months — a bold call, but grounded in the regulatory and adoption catalysts he sees ahead.
The CLARITY Act, if passed, would give crypto issuers clearer rules of the road. Combined with more tokenized real-world assets on ledger, McClurg argues the second half of 2026 could flip the script for XRP.
Canary Capital's spot XRP filing is still pending with the SEC. Rivals like Bitwise and 21Shares have also submitted proposals. The $60 million weekly inflow suggests investors are betting on approval, even without a firm timeline from regulators.
McClurg declined to give a specific date for a listing. The SEC hasn't set a public deadline for the decision on Canary Capital's application, leaving the timeline uncertain.
