The cryptocurrency market continues to weaken as Bitcoin struggles to regain its former strength. The fact that the token is now hovering around $68K to $69K is compelling investors to conduct a sell-off, triggering the market further. In the middle of this, one major bank has slashed Ripple XRP price prediction stats, adding how the token is now bound to hit $2.8 by the end of next year.
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Bad News for Ripple XRP?
Standard Chartered, a leading banking institution, has recently unveiled new price predictions for multiple cryptocurrency tokens. In addition to this, the bank revealed a new XRP price prediction stating how it believes that the XRP may only be able to surge and explore the $2.8 price mark by the end of the year. What’s surprising is the fact that Standard Chartered had earlier predicted an $8 year-end price threshold for XRP, which it has now slashed, citing a weakened crypto market and ETF outflows.
“Standard Chartered cut its 2026 XRP price target by about 65% to $2.80 and lowered forecasts for other major cryptocurrencies, citing ETF outflows and macro headwinds. The bank expects further near-term downside before any potential recovery.”
Geoffrey Kendrick, the bank’s global head, was quick to add how he expects further declines in leading cryptos across the board.
“Recent price action for digital assets has been challenging, to say the least. We expect further declines near-term, and we lower our forecasts across the asset class,” as shared by DL News.
Moreover, Standard Chartered was quick to share other price predictions as well. The bank believes Bitcoin may now be able to hit $100K instead of $150K by year-end. In addition to these, the bank stated that ETH may be $4K instead of $7K, and Solana may end up exploring $135 instead of $250. However, the bank later added how developments of stablecoins and RWA may end up strengthening core crypto tokens.
“We see XRP keeping pace with ETH. Both are likely to benefit from the further development of stablecoins and tokenized real-world assets,” Kendrick said.
What Are The Technical Markers Saying About XRP?
According to CoinCodex XRP price prediction stats, the portal claims that the token may hit and explore an even lower price threshold of $1.8 by the end of the year.
“XRP is forecasted to hit $ 1.62 by the end of 2026 (+8.89% compared to current rates), $ 5.66 by 2030 (+280.56%), $ 8.52 by 2040 (+472.81%), and $ 13.91 by 2050 (+835.66%). All values represent end-of-year price estimates according to our models.”
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