Standard Chartered slashes XRP year-end target to $2.80
Standard Chartered drastically cut its XRP year-end price target by 65% to $2.80 due to broad crypto market weakness.Summary
Standard Chartered has reduced its year-end price forecast for XRP by approximately 65%, setting a new target of $2.80, down from the previous projection of $8. This revision is attributed to persistent weakness across the broader digital asset market, which analysts noted as the most severe downturn in nearly four years. Geoffrey Kendrick, the bank's global head of digital assets research, cited challenging recent price action and warned of potential near-term declines, leading the bank to lower projections for other assets as well. Specifically, Standard Chartered lowered Bitcoin's target from $150,000 to $100,000, Ethereum from $7,000 to $4,000, and Solana from $250 to $135. This market pullback is also reflected in ETF flows, where assets in XRP-linked exchange-traded funds dropped by about 40% between early January and mid-February.
(Source：Crypto Briefing)