Canary Capital CEO Steven McClurg forecasts a 30% increase in investor interest in XRP before December, along with a potential doubling of its current price.
The Path to Year-End
McClurg, who heads one of the first firms to file for a spot XRP exchange-traded fund in the U.S., outlined a three-phase market trajectory for the remainder of 2026. He anticipates a challenging near term, with summer expected to exert pressure on both equities and the broader crypto market. The lead-up to midterm elections is also expected to divert attention and capital from markets.
However, McClurg’s outlook becomes more optimistic after the election season. He believes that ETF inflows will likely accelerate post-midterms, driven by the potential passage of the CLARITY Act and increased activity in real-world asset tokenization. He suggests that institutional investors have been awaiting regulatory clarity before committing larger investments.
ETF Inflows Already Building
McClurg’s comments follow a strong week for XRP ETFs. Net inflows reached $60 million last week, the best single-week performance of 2026, bringing the total cumulative figure to $1.39 billion. McClurg anticipates a further 30% growth in this number by year-end.
XRP is currently trading around $1.40. A doubling of its price by December would place the token above $2.80. Regardless of whether the prediction materializes, the inflow data indicates a real and growing institutional interest in XRP exposure through regulated fund products.
A Specific Target With A Specific Timeline
McClurg’s forecast is specific, with a defined timeline. Such precision from a fund executive with a direct stake in the XRP market is likely to attract attention, and his comments are already circulating widely. His broader prediction hinges on regulatory progress, capital rotation following the elections, and continued ETF adoption. For his year-end target to be achieved, all three factors would need to align. The summer period, by his own admission, will serve as a test of this thesis before the second half of the year.
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