- Standard Chartered significantly lowered its price forecast for XRP, now predicting it will reach $2.80 by year-end instead of a previous $8 target.
- The bank cited a weakened crypto market, ETF outflows, and broader macroeconomic headwinds for the revised outlook across major cryptocurrencies.
- Analysts anticipate further near-term declines across the asset class before any potential recovery phase begins.
Standard Chartered, the international financial institution, has drastically slashed its 2026 price target for Ripple‘s XRP by approximately 65%, projecting the token will reach $2.80 instead of the previously forecast $8. According to reports, the bank’s global head of digital asset research, Geoffrey Kendrick, attributed the downward revision to challenging market conditions, including ETF outflows and macro headwinds. Consequently, the institution also lowered its year-end predictions for Bitcoin to $100,000 and for Ethereum to $4,000.
Kendrick warned that recent price action for digital assets has been difficult, stating, “We expect further declines near-term, and we lower our forecasts across the asset class,” as shared by DL News. Meanwhile, the broader cryptocurrency market continues to struggle, with Bitcoin’s price hovering around $68,000 to $69,000, which is compelling some investors to sell off their holdings. However, Kendrick noted that developments in stablecoins and tokenized real-world assets could eventually benefit core tokens like XRP and ETH.
Independent technical analysis from CoinCodex offers an even more conservative outlook, forecasting XRP could hit $1.62 by the end of 2026. Data shows the platform’s models predict longer-term growth, with values reaching $5.66 by 2030 and $8.52 by 2040. Standard Chartered’s revised stance reflects a cautious near-term view, anticipating a “final capitulation” phase before the market finds a footing for recovery.
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