reported on <\/a>Monday by DL News, with Geoffrey Kendrick, Standard Chartered\u2019s global head of digital assets research, outlining the changes in a note to investors.\u00a0<\/p>\nKendrick, who leads the bank\u2019s crypto research efforts, acknowledged that recent market conditions have forced a broad reassessment of price expectations across the sector.<\/p>\n
\u201cRecent price action for digital assets has been challenging, to say the least,\u201d Kendrick wrote. \u201cWe expect further declines near-term, and we lower our forecasts across the asset class.\u201d<\/p>\n
Under the revised outlook, Standard Chartered now expects XRP to reach $2.80 by the end of 2026, a substantial cut from its previous $8 projection. The earlier target had been issued in December, when the bank took a far more optimistic stance.\u00a0<\/p>\n
At that time, Kendrick pointed to increasing regulatory clarity surrounding XRP\u2019s status as a financial asset, along with progress toward exchange-traded fund (ETF) products, as key catalysts that could drive significant price appreciation.<\/p>\n
Broad Forecast Cuts Across Major Tokens<\/h2>\n
The $8 forecast was made roughly two and a half months after the sharp market crash on October 10, when sentiment had begun to stabilize.\u00a0<\/p>\n
However, as February draws to a close, the broader crypto market has yet to mount a sustained recovery. That prolonged weakness has prompted Standard Chartered to reassess not only XRP but the wider digital asset landscape.<\/p>\n
Bitcoin\u2019s (BTC) expected price has been reduced from $150,000 to $100,000. Ethereum\u2019s (ETH) forecast has been revised down from $7,000 to $4,000, while Solana\u2019s (SOL) target has been cut from $250 to $135.<\/p>\n
Featured image from OpenArt, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
The British financial giant Standard Chartered sharply reduced its price outlook for XRP, the fourth-largest cryptocurrency. The company trimmed its end-of-2026 target by 65% following the severe downturn in the broader crypto market in the past month. The revision comes even as the altcoin posted a modest 2% rebound over the past week, trading around […]<\/p>\n","protected":false},"author":0,"featured_media":135734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-135733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/135733"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135733"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/135733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/135734"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}