Chartered Cuts XRP Price Target by Two-Thirds Amid Cryptocurrency Downturn

Standard Chartered has reduced its year-end price target for XRP by 65% to $2.80 following February's cryptocurrency market selloff. The bank expects additional near-term price declines across digital assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The revisions follow what analysts described as the sector's worst downturn in nearly four years. XRP fell to $1.16 last month, its weakest level since November 2024, before recovering partially.

Assets in XRP exchange-traded funds dropped from $1.6 billion on January 5 to approximately $1 billion by mid-February, according to SoSoValue data. This decline reflects broader investor caution following the market downturn.