Standard Chartered Slashes XRP Price Target Amid Cryptocurrency Market Turmoil

Standard Chartered has significantly reduced its year-end XRP price target from $8 to $2.80, a drop of 65% following February's cryptocurrency market selloff.

The bank's global head of digital assets research, Geoffrey Kendrick, lowered forecasts for major cryptocurrencies including Bitcoin, Ethereum, Solana, and others.

XRP fell to its weakest level since November 2024 at $1.16 last month before recovering partially. The token now trades approximately 59% below its July 2025 all-time high of around $3.40.