172-Year-Old Banking Giant Trims Year-End Price Target By 65% From $8 To $2.8 ⋆ ZyCrypto

British multinational bank Standard Chartered has sharply cut its year-end 2026 price target for XRP, lowering it from $8.00 to $2.80 — a stark 65% reduction — citing market challenges.

The revision underscores a clear change in institutional positioning toward one of the market’s leading altcoins and highlights the growing caution shaping sentiment across the broader cryptocurrency landscape.

While the bank also revised forecasts for other major cryptocurrencies downward, it remains long-term bullish on XRP, projecting a price of $28.00 by 2030.

Crypto Turbulence Forces Standard Chartered To Rethink XRP Projection

Standard Chartered has shared a sombre outlook for Ripple-promoted XRP.

In a recent note to investors, Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, described recent price movements as especially difficult and cautioned that further near-term declines are possible, leading the bank to revise down its forecasts across the cryptocurrency sector.

Although XRP kicked off the year with solid upside, buoyed by regulatory progress and growing optimism around potential ETF catalysts, February’s market pullback wiped out a huge portion of those gains. The asset now trades well below its recent peaks, reflecting the broader shift in sentiment across the digital asset market.

Standard Chartered said it now sees the XRP token at $2.8 at the end of the year, down from $8 previously. The cross-border payments-focused token was trading around $1.46 at publication time.

Fund flows have reflected the broader retreat. Assets held in XRP-linked exchange-traded products declined from approximately $1.6 billion on Jan. 5 to around $1 billion by mid-February, according to SoSoValue data, representing a drop of roughly 40%.

Standard Chartered likewise revised its outlook for other leading cryptocurrencies, reducing its price targets for Bitcoin (BTC), Ether (ETH), and Solana (SOL) as part of a broader recalibration driven by macroeconomic uncertainties and weakening capital inflows.

Specifically, the bank cut its BTC forecast to $100,000 from $150,000, Ether to $4,000 from $7,000, and SOL to $135 from $250.

XRP’s Long-Term Narrative Remains Unchanged

Despite the downward revision, Standard Chartered maintains a bullish long-term outlook on XRP’s position within the evolving digital asset landscape. The analysts indicated that XRP could continue to benefit from growth in stablecoins, tokenized real-world assets, and blockchain-based settlement infrastructure — sectors expected to expand steadily in the coming years.

According to the bank, these trends may support XRP’s growth trajectory alongside other major settlement-focused digital assets, particularly as financial institutions increasingly explore blockchain-driven payment technologies and cross-border liquidity solutions.