Canary Capital CEO Steven McClurg predicts XRP could double from about $1.40 to over $2.80 by December as ETF inflows accelerate, forecasting a further 30% growth in institutional inflows by year-end. ETF net inflows hit $60 million last week, taking cumulative XRP ETF assets to $1.39 billion, but he warns of near-term summer and midterm pressure and says the thesis depends on regulatory clarity such as the CLARITY Act and increased real-world asset tokenization driving crypto adoption.

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A 30% rise in investor interest. That is part of what Canary Capital CEO Steven McClurg is predicting for XRP before December, on top of a price that he believes could double from where it stands today.

The Road To Year End

McClurg, who leads one of the first firms to file for a spot XRP exchange-traded fund in the US, laid out a three-phase path he expects the market to follow over the rest of 2026.

The near term, he said, will be rough. Summer is expected to bring pressure across both equities and crypto broadly, and the lead-up to midterm elections will pull attention and money away from markets.

But McClurg’s outlook shifts sharply once the election season passes. He said post-midterm conditions are where ETF inflows are likely to accelerate, driven in part by the potential passage of the CLARITY Act and growing activity around real-world asset tokenization.

Institutional investors, he suggested, have been waiting for that kind of regulatory clarity before committing larger sums.

ETF Inflows Already Building

The timing of his comments follows a strong week for XRP ETFs. Net inflows hit $60 million last week, the best single-week performance so far in 2026, pushing the total cumulative figure to $1.39 billion. McClurg said he expects that number to grow another 30% by year end.

XRP is trading around $1.40 at the time the comments were made. A doubling of that price by December would put the token above $2.80. Whether or not the prediction holds, the inflow data points to real and growing institutional appetite for XRP exposure through regulated fund products.

A Specific Target With A Specific Timeline

McClurg did not hedge his outlook with vague language. He put a number on it and attached a deadline. That kind of precision from a fund executive with direct skin in the XRP market tends to draw attention, and his comments are already circulating widely.

The broader bet he is making rests on a combination of regulatory progress, post-election capital rotation, and continued ETF adoption. All three would need to show up more or less on schedule for his year-end target to come true.

Summer, by his own admission, will test that thesis before the second half of the year gets a chance to prove it right.

Featured image from iStock/3DSculptor, chart from TradingView

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