"Standard Chartered has cut its XRP ( ) price target from $8 to $2.80-a 65% reduction that marks the largest percentage cut among the bank's crypto forecasts. Geoffrey Kendrick, the bank's global head of digital assets research, had fueled bullish sentiment with an $8 XRP price prediction since mid-2025, but he's now warning of more pain ahead. The revision follows XRP's roughest stretch since 2022."
"The catalysts that would validate Kendrick's forecast arrived after the SEC and Ripple jointly dismissed their appeals, ending a five-year legal battle. Ripple paid a $125 million penalty-far below the SEC's original $2 billion demand-and its executives were cleared of personal liability. The ruling settled XRP's legal status in the U.S. and removed the uncertainty that had kept institutional investors on the sidelines for years."
Standard Chartered reduced its XRP price target from $8 to $2.80, a 65% cut prompted by recent price declines and expectations of further near-term weakness. XRP fell to $1.16 in early February before recovering to about $1.45, remaining roughly 60% below its July 2025 high of $3.65. The earlier $8 target relied on post-litigation catalysts: a joint dismissal of SEC and Ripple appeals, a $125 million penalty for Ripple, cleared executives, and subsequent ETF approvals that drove rapid inflows. XRP ETFs generated strong debut and inflow records, and Ripple pursued large acquisitions amid the rally.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]