Wall Street banking big Standard Chartered has signaled that the present XRP worth crash might worsen. The financial institution slashed its goal by as a lot as 65% in 2026 because the market dip worsens.
Standard Chartered Lowers 2026 XRP Price Target by 65%
The funding financial institution has lowered its year-end goal worth for the Ripple token by 65% as its analysts re-evaluate their forecast in mild of the sell-off within the crypto market. The funding financial institution had beforehand stated that the altcoin would attain $8 by the tip of 2026. This forecast has now been revised to $2.80.
This has additionally come at a time when it not too long ago lowered its BTC price target to $50,000. The revised forecast for the XRP worth was emphasised by Geoffrey Kendrick, the worldwide head of digital belongings analysis at Standard Chartered.
Kendrick, who heads the financial institution’s crypto analysis, admitted that the present market circumstances have led to a re-evaluation of worth forecasts.
“Recent price action for digital assets has been challenging, to say the least,” he wrote. “We expect further declines near-term, and we lower our forecasts across the asset class.”
The authentic goal had been issued in December, when the financial institution had taken a way more constructive outlook. At the time, Kendrick had cited the rising regulatory readability concerning XRP’s standing as a monetary asset, in addition to developments in the direction of exchange-traded fund merchandise, as main drivers that would spark substantial positive aspects.
The XRP worth did have a robust begin to the brand new yr. It rallied by greater than 25%, outperforming the broader market. Its ETF funds additionally hit at $1.6 billion in cumulative inflows. However, it has fallen by 40% to $1 biillion as at press time. However, Kendrick stated the event of stablecoins and tokenised RWAs might enhance the token.
XRP Investors Continue Token Buys Despite Dip
The Ripple coin is growing at a sooner price than Bitcoin and Ethereum as traders are shopping for the dip after the worth crash earlier this month. The XRP worth has elevated by 35% to $1.55 since hitting a low on February 6.
This is way increased than Bitcoin and Ethereum, that are up by 14% since February 6. The worth surge of XRP is consistent with the dip shopping for sample that was noticed after the crash. The current statement by Coinbase CEO signifies that the shopping for by retail traders has surged on its platform.
The data from CryptoQuant additionally indicated that the XRP reserves on Binance had been down by 192 million XRP to 2 billion between Feb 7 and 9. The 7% fall was the bottom since January 2024, and the reserves have remained steady since then.
