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

Published by

Anjali Belgaumkar

May 21, 2026

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.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.