{"id":557091,"date":"2026-02-17T10:20:04","date_gmt":"2026-02-17T10:20:04","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1286170"},"modified":"2026-02-17T10:20:04","modified_gmt":"2026-02-17T10:20:04","slug":"standard-chartered-cuts-xrp-price-target-by-65-after-february-crypto-sell-off","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/02\/17\/standard-chartered-cuts-xrp-price-target-by-65-after-february-crypto-sell-off\/","title":{"rendered":"Standard Chartered Cuts XRP Price Target by 65% After February Crypto Sell-Off"},"content":{"rendered":"<div class=\"eth-editorial-banner\"> <img decoding=\"async\" class=\"eth-editorial-logo\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/cnf2-scaled-1-1-1.png\" alt=\"Crypto News Flash\"> <span class=\"eth-editorial-text\">All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.<\/span> <\/div>\n<ul>\n<li><strong>Standard Chartered has slashed its end-of-year prediction for XRP from $8 to $2.8 amid a wider market selloff.<\/strong><\/li>\n<li><strong>Prediction for Bitcoin has dropped to $100,000, with Ethereum and Solana down to $4,000 and $135.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>In the past 30 days, the crypto market has shed nearly $900 billion in overall market cap with macro shocks, weakening global demand and rotation of capital to AI and safe-haven assets all playing a part. This bear market has led to Standard Chartered revising its end-of-year price predictions for major cryptos, with XRP now expected to only hit a third of the original projected price.<\/p>\n<p>At the start of the year, StanChart predicted that XRP would end the year above $8. At the time, the crypto was soaring. In the first week, it surged from $1.87 to $2.3, with daily users and ETF inflows also hitting new heights. As CNF <a href=\"https:\/\/www.crypto-news-flash.com\/xrp-flips-bnb\/\">reported<\/a>, XRP even flipped BNB to become the fourth most valuable crypto (a position it has maintained despite the crash that would follow).<\/p>\n<p>However, the market has flipped since then. <a href=\"https:\/\/www.crypto-news-flash.com\/what-is-ripple-and-what-is-xrp-origin-and-beginner-guide\/\">XRP<\/a> is changing hands at<strong> $1.46<\/strong>, trading sideways in the past day, with trading volume dropping 39% to $2.75 billion. In the past month, it has lost <span><strong>29%<\/strong><\/span>.<\/p>\n<p>In light of this performance, Standard Chartered has revised its prediction from $8 to $2.80 in a note to investors shared with media outlets. Geoffrey Kendrick, who heads the bank\u2019s digital asset research division, commented:<\/p>\n<blockquote>\n<p class=\"puppeteer-article-text-type-element\">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.<\/p>\n<\/blockquote>\n<p>The prediction contrasts with Ripple CEO Brad Garlinghouse who earlier this year <a href=\"https:\/\/www.cnbc.com\/2026\/01\/21\/crypto-price-high-ripple-davos-bitcoin.html\" target=\"_blank\" rel=\"noopener\">predicted<\/a> that XRP and most cryptos would record new all-time highs this year.<\/p>\n<h3>Standard Chartered Cuts BTC, ETH Predictions<\/h3>\n<p>Standard Chartered also downgraded its predictions for Bitcoin and Ethereum. Initially, the bank expected BTC to hit $150,000 by the end of the year, having started the year just below $90,000. But just like XRP, the top crypto has been on a downtrend since mid-January, briefly dipping to a low of $62,700, its lowest price in over 15 months.<\/p>\n<p>In the past month, it has shed <span><strong>28.5%<\/strong><\/span> to trade at <strong>$68,000<\/strong> at press time.<\/p>\n<p>StanChart now expects the top coin to hit a yearly high of $100,000. With Ethereum, the prediction has been slashed from $7,000 to $4,000, while Solana\u2019s has dropped from $250 to $135.<\/p>\n<p>However, the bank sees an upside for XRP and ETH, with Kendrick stating:<\/p>\n<blockquote>\n<p>We see XRP keeping pace with ETH. Both are likely to benefit from the further development of stablecoins and tokenised real-world assets.<\/p>\n<\/blockquote>\n<p>XRP is expanding its tokenization sector as more institutions seeks alternatives to the dominant Ethereum blockchain. Two weeks ago, Ripple <a href=\"https:\/\/www.crypto-news-flash.com\/xrpl-280m-diamond-tokenization\/\">announced<\/a> that Dubai-based Billiton would tokenize $280 million worth of diamonds on the XRP Ledger.<\/p>\n<p>Most recently, Ripple partnered with Aviva Investors to tokenize traditional funds on XRPL in the first partnership of its kind in Europe, as CNF <a href=\"https:\/\/www.crypto-news-flash.com\/ripple-aviva-tokenize-fund-on-xrp-ledger\/\">reported<\/a>.<\/p>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. Standard Chartered has slashed its end-of-year prediction for XRP from $8 to $2.8 amid a wider market selloff. Prediction for Bitcoin has dropped to $100,000, with Ethereum and Solana down to $4,000 and $135. In the past 30 days, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":557092,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[25,597,102],"class_list":{"0":"post-557091","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-news","9":"tag-standard-chartered","10":"tag-xrp"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/557091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=557091"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/557091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/557092"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=557091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=557091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=557091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}