Standard Chartered cuts XRP price target by 65%

Standard Chartered has reduced its end of year price target for XRP by 65 percent following February’s sharp crypto market selloff. The British investment bank now expects XRP to reach $2.80 by the end of 2026, down from its earlier forecast of $8, according to DL News.

Geoffrey Kendrick, the bank’s global head of digital assets research, said recent price action across digital assets has been challenging. He added that the bank expects further near term declines and has lowered forecasts across the asset class.

Crypto market faces sharp correction

The revision comes amid one of the worst crypto market downturns in almost four years. Bitcoin fell 28 percent over the past month, dropping to a low of $60,000 before staging a partial rebound. Other major tokens recorded similar losses during the same period.

XRP briefly fell to $1.16, its lowest level in 15 months. Although the token has since recovered from that low, it remains around 28 percent down over the past month.

The correction has also affected investor flows. Data from crypto analytics platform SoSoValue shows that assets under management in XRP exchange traded funds peaked at $1.6 billion on 5 January. As of 13 February, that figure had declined to just over $1 billion, marking a drop of about 40 percent.

Forecasts lowered across major tokens

Standard Chartered did not limit its revisions to XRP. The bank cut its end of year target for Bitcoin from $150,000 to $100,000. It also reduced its forecast for Ethereum from $7,000 to $4,000 and for Solana from $250 to $135.

Kendrick said the bank expects XRP to keep pace with Ethereum over the medium term. He noted that both assets could benefit from continued growth in stablecoins and tokenised real world assets.

Earlier this year, XRP had shown strong momentum. The token rose 25 percent in the first week of 2026, supported by ETF inflows and regulatory developments. However, the broader market downturn reversed much of those gains.

Clarity Act seen as potential catalyst

Market participants are closely watching developments in the United States, where lawmakers are considering the Clarity Act, a wide ranging crypto market structure bill currently moving through the Senate.

US Treasury Secretary Scott Bessent said on Thursday that the passage of the Clarity Act would support recovery in the crypto market. The bill aims to provide clearer regulatory rules for digital assets and market participants.

Last month, Katherine Dowling, president of Bitcoin Standard Treasury Company, told that XRP stands to gain significantly if the legislation passes. She said clearer rules could improve institutional participation and investor confidence, according to DL News.

Progress on the bill slowed after banking leaders and crypto executives disagreed on certain provisions. However, discussions appear to have resumed.

On 10 February, Stuart Alderoty, chief legal officer at Ripple, said he held a productive session at the White House and called for swift action on crypto legislation. He stated that bipartisan support remains for sensible crypto market structure rules and urged lawmakers to move forward while momentum remains.

For now, Standard Chartered’s revised outlook reflects caution across digital assets. The bank expects near term volatility to continue as investors assess macroeconomic conditions, regulatory developments and capital flows within the crypto market.