Major blow to XRP: banking giant lowers price target by 65 percent

The British major bank Standard Chartered has significantly lowered the price target for XRP. The expected price for the end of 2026 has been reduced by 65 percent. Yet the bank remains remarkably optimistic about the future of the cryptocurrency.

XRP price under pressure since early 2026

At the beginning of this year, Standard Chartered was still very positive about XRP. The bank, which manages around $800 billion in assets, then predicted that the price could rise to $8. But that hopeful expectation has made way for realism.

In a new analysis, Geoffrey Kendrick, head of digital assets at the bank, writes: “The recent moves in the crypto market have been difficult to say the least. We expect further declines in the near term and have lowered our expectations for the entire sector.”

For XRP, this means a new price target of $2.80. That is still considerably higher than the current price of $1.45, but a significant correction compared to the earlier optimism.

Despite a sharp decline, hope remains alive

The timing of the reduction is striking. XRP started 2026 around $1.84, but has since fallen by more than twenty percent. That makes Standard Chartered’s confidence in a recovery all the more interesting.

After all, a price target of $2.80 still means a possible increase of more than ninety percent from the current level. This shows that despite everything, the bank believes in a stronger end to the year for XRP.

Bitcoin expectations are also down

XRP is not the only coin for which expectations have been adjusted. Earlier this month, Standard Chartered also lowered its price target for Bitcoin (BTC). The expected price for the end of 2026 was adjusted from 150,000 to 100,000 dollars.

Bitcoin is currently at $67,946 and has lost more than twenty percent of its value since January. However, the bank also remains cautiously positive here: an increase of 45 percent from the current level is still significant.