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.