Standard Chartered Keeps $28 XRP Price Target for 2030 Despite Near-Term Cuts

Standard Chartered, one of the world's largest financial institutions, has reaffirmed its long-term XRP price target at $28 for 2030. This decision was made despite trimming near-term numbers earlier in the year.

The bank's forecast is significant as it carries considerable weight due to Standard Chartered's massive assets under management of over $800 billion. The unchanged long-term targets signal continued institutional confidence in the asset class over a multi-year horizon.

XRP's current price is approximately $1.06, and reaching the $28 target would represent a potential gain of roughly 2,540% from that level. Standard Chartered arrived at this figure through its own research framework, which also includes forecasts for other major cryptocurrencies like Bitcoin, Ethereum, and Solana.

The analyst community has taken notice of Standard Chartered's forecast, with some expressing skepticism about the $28 target being unrealistic, suggesting that reaching such levels would require market manipulation. However, crypto analyst ChartNerd (@ChartNerdTA) responded to Standard Chartered's forecast, highlighting his own target of $27 by 2030, which aligns closely with the bank's figure.