Standard Chartered Slashes XRP Price Target Amid Cryptocurrency Market Downturn
Standard Chartered, a British investment bank, has reduced its year-end XRP price target to $2.80 from $8, a 65% cut following February's cryptocurrency market selloff.
The bank expects additional near-term price declines across digital assets.
Geoffrey Kendrick, Standard Chartered's global head of digital assets research, lowered forecasts for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other major cryptocurrencies.
XRP fell to $1.16 last month, its weakest level since November 2024, before recovering partially. The token trades approximately 59% below its July 2025 all-time high of around $3.40.
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.