Standard Chartered Cuts 2026 XRP Price Forecast From $8 to $2.80 — Why?
Standard Chartered has significantly lowered its cryptocurrency price forecasts, reducing its 2026 target for XRP from $8.00 to $2.80. The bank also cut its Bitcoin forecast to $100,000 (from $150,000) and its Ethereum target to $4,000 (from $7,500). According to Geoffrey Kendrick, the bank's global head of digital assets research, weaker risk appetite and selling pressure from ETFs could drive further industry losses, with Bitcoin potentially falling to $50,000 before recovering.
Despite recent outflows across digital assets, XRP saw $33.4 million in inflows last week, showing relative resilience. However, analysts note that XRP's recent price action resembles a relief rally rather than a sustained recovery, and it may struggle to break out in the near term.
While near-term forecasts were reduced, Standard Chartered maintained its long-term outlook, including a 2030 target of $500,000 for Bitcoin, $40,000 for Ethereum, $28 for XRP, and $2,000 for Solana. Matrixport analysts suggested that current depressed sentiment might be nearing stabilization, as key technical indicators show selling pressure could be exhausting.
ccn.com02/17 13:37