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BEARISH 📉 : Standard Chartered Cuts XRP Price Target to $2.80 by 2026
Standard Chartered has significantly lowered its price predictions for XRP and other major cryptocurrencies due to a downturn in the crypto market.
XRP Price Outlook
- The bank reduced its end-of-2026 target for XRP by 65% to $2.80, down from $8.
- This comes despite a recent 2% rebound in XRP's price, currently trading at around $1.47.
- The bank's digital assets team does not expect XRP to reach a new all-time high this year.
Broader Market Forecasts
- Bitcoin’s (BTC) expected price reduced from $150,000 to $100,000.
- Ethereum’s (ETH) forecast adjusted from $7,000 to $4,000.
- Solana’s (SOL) target cut from $250 to $135.
These revisions reflect current challenging market conditions, with expectations for further declines in the near term.