21Shares has outlined a three-scenario price outlook for XRP in 2026, arguing that the token is moving from a litigation-defined trade to one increasingly priced on ETF-driven demand and measurable on-ledger adoption. In a Jan. 23 research note, 21Shares’ Matt Mena frames 2026 as a “defining turning point” in which XRP’s valuation becomes “anchored in institutional fundamentals” after the August 2025 settlement that ended the SEC case overhang. XRP Price Predictions For 202621Shares describes the post-settlement regime as a tougher environment for the asset: less narrative optionality, more accountability. Banks and payment companies.” In 21Shares’ telling, those channels were previously constrained by compliance risk, and their re-entry sets up a new phase of price discovery. “Exchange reserves are at a seven-year low of 1.7 billion XRP.