XRP could experience a significant price increase if the Bank for International Settlements (BIS) recognizes it as a Tier-1 asset. Jake Claver, CEO of Digital Ascension Group, recently suggested that XRP is moving closer to becoming a global bridge currency and might one day receive such recognition. Currently, Tier-1 assets, as defined by the BIS Basel rulebook, include the highest-rated assets like cash reserves and government debt, which banks rely on for stability and loss absorption. Despite the optimism, current BIS rules classify cryptocurrencies like XRP, Bitcoin, and Ethereum under Group 2, which imposes strict holding limits. A shift to Tier-1 status would allow banks to treat XRP similarly to cash or gold, potentially boosting its price to between $15 and $22 by 2026, according to Google Gemini AI. However, this scenario remains speculative as existing regulations do not support unbacked cryptocurrencies qualifying as Tier-1 assets.