Standard Chartered has cut its price target for XRP, lowering its end-2026 forecast from $8 to $2.80 in a note released Thursday. The bank revised its view after February’s sharp crypto selloff, pointing to ETF outflows, weaker prices, and broader macro pressure across digital assets.
Geoffrey Kendrick, the bank’s global head of digital assets research, said recent market conditions had become difficult enough to force a reassessment of earlier assumptions. In the latest decline, XRP briefly dropped to $1.16, its lowest level in 15 months. Prices later recovered from that low, but the token remained down about 28% over the past month.
Early 2026 gains faded as capital left risk assets
XRP had started the year with strong momentum. During the first week of 2026, it rose 25%, supported by ETF inflows and what the report described as regulatory momentum. That setup changed quickly as money moved out of risk assets and pressure spread across the market.
Data from SoSoValue showed that assets held in XRP exchange-traded funds peaked at $1.6 billion on January 5. By February 13, those holdings had fallen to just over $1 billion, a drop of about 40%. The decline in ETF assets tracked the weakening trend in XRP’s price.
Bitcoin, Ethereum, and Solana targets were also lowered
The XRP revision was part of a broader reset in Standard Chartered’s crypto forecasts. The bank cut its Bitcoin target from $150,000 to $100,000, lowered Ethereum from $7,000 to $4,000, and reduced Solana from $250 to $135. This came after the broader crypto market suffered its worst downturn in nearly four years, with Bitcoin falling 28% in one month and briefly touching $60,000.
Kendrick said XRP and Ethereum could still benefit from growth tied to stablecoins and tokenized real-world assets. Regulatory developments are also being watched. On Thursday, U.S. Treasury Secretary Scott Bessent said passage of the Clarity Act could support crypto markets. Earlier, Ripple chief legal officer Stuart Alderoty said talks in Washington showed bipartisan momentum behind the bill.