Wall Street Giant Signals XRP Price ‘Long Winter’ After Cutting Target By 65%

Wall Street banking giant Standard Chartered has signaled that the current XRP price crash could get worse. The bank slashed its target by as much as 65% in 2026 as the market dip worsens.

Standard Chartered Lowers 2026 XRP Price Target by 65%

The investment bank has lowered its year-end target price for the Ripple token by 65% as its analysts re-evaluate their forecast in light of the sell-off in the crypto market. The investment bank had previously said that the altcoin would reach $8 by the end of 2026. This forecast has now been revised to $2.80.

This has also come at a time when it recently lowered its BTC price target to $50,000. The revised forecast for the XRP price was emphasized by Geoffrey Kendrick, the global head of digital assets research at Standard Chartered.

Kendrick, who heads the bank’s crypto research, admitted that the current market conditions have led to a re-evaluation of price forecasts.

“Recent price action for digital assets has been challenging, to say the least,” he wrote. “We expect further declines near-term, and we lower our forecasts across the asset class.”

The original target had been issued in December, when the bank had taken a much more positive outlook. At the time, Kendrick had cited the growing regulatory clarity regarding XRP’s status as a financial asset, as well as advancements towards exchange-traded fund products, as major drivers that could spark substantial  gains.

The XRP price did have a strong start to the new year. It rallied by more than 25%, outperforming the broader market. Its ETF funds also hit at $1.6 billion in cumulative inflows. However, it has fallen by 40% to $1 biillion as at press time. However, Kendrick said the development of stablecoins and tokenised RWAs could boost the token.

XRP Investors Continue Token Buys Despite Dip

The Ripple coin is increasing at a faster rate than Bitcoin and Ethereum as investors are buying the dip after the price crash earlier this month. The XRP price has increased by 35% to $1.55 since hitting a low on February 6.

This is much higher than Bitcoin and Ethereum, which are up by 14% since February 6. The price surge of XRP is in line with the dip buying pattern that was observed after the crash. The recent statement by Coinbase CEO indicates that the buying by retail investors has surged on its platform.

The data from CryptoQuant also indicated that the XRP reserves on Binance were down by 192 million XRP to 2 billion between Feb 7 and 9. The 7% fall was the lowest since January 2024, and the reserves have remained stable since then.