Core Insights - Standard Chartered has lowered its price forecasts for major cryptocurrencies, including Bitcoin, Ethereum, and XRP, indicating a potential further decline in the market before stabilization in 2026 [1][8] Cryptocurrency Price Forecasts - The year-end 2026 target for XRP has been reduced to $2.80 from $8.00, and the 2027 estimate has also been lowered, while longer-range projections remain unchanged [2] - Bitcoin's end-2026 target has been cut to $100,000 from $150,000, marking the second reduction in less than three months [2][8] - Ethereum's end-2026 forecast has been lowered to $4,000 from $7,500, with a potential drop to $1,400 before a rebound [7] - Solana's end-2026 target has been reduced to $135 from $250 [7] Market Sentiment and Trends - Weaker risk appetite and selling pressure from exchange-traded funds could exacerbate losses across the cryptocurrency industry [1] - Despite the overall market struggles, XRP saw inflows of $33.4 million, contrasting with the broader market's net outflows of $173 million, primarily driven by Bitcoin's $133 million in withdrawals [4][5] - Market sentiment around XRP has weakened since its late-2025 rally, with analysts suggesting that recent price movements may be more indicative of a relief rally rather than a sustained recovery [5][6]
Standard Chartered Cuts 2026 XRP Price Forecast From $8 to $2.80 — Why?