Standard Chartered Slashes XRP Price Target by 65%

Standard Chartered's digital assets research team led by Geoffrey Kendrick has cut their year-end price target for XRP to $2.80, a 65% reduction from the previous forecast of $8.

The bank expects further price declines in the near term across all major cryptocurrencies, including Bitcoin and Ethereum.

XRP's price fell to $1.16 last month, its lowest point since November 2024, before rebounding slightly. The token is currently trading at around 59% below its July 2025 all-time high of $3.40.

Kendrick also reduced forecasts for Bitcoin, Ethereum, and Solana, predicting that XRP will maintain pace with Ethereum due to their shared exposure to stablecoin development and tokenized real-world assets.