- XRP holders react strongly to Standard Chartered’s 2026 price target revision.
- Standard Chartered revises crypto price targets, XRP sees drastic downgrade.
- XRP community questions Standard Chartered’s revised price amid market uncertainty.
XRP holders are expressing frustration after Standard Chartered revised its 2026 price target for XRP, slashing it from $8.00 to a much lower $2.80. This downgrade has left many in the XRP community questioning the bank’s outlook on the cryptocurrency’s future. The latest update, part of a broader revision of digital asset forecasts, reflects growing concerns about market conditions and regulatory uncertainty that are affecting the entire cryptocurrency space.
Along with XRP, other major digital assets also saw their price projections lowered. Bitcoin, one of the most established cryptocurrencies, had its 2026 target reduced from $150,000 to $100,000, and Ethereum’s target dropped from $7,500 to $4,000. The lowered forecasts have intensified the debate on whether the cryptocurrency market is in for a prolonged downturn or if these figures reflect short-term caution before a potential recovery.
XRP’s Revised Outlook: A Blow to Investor Confidence
The most significant adjustment in Standard Chartered’s latest projections pertains to XRP. The price revision, from $8.00 to $2.80 for 2026, has not gone unnoticed within the XRP community.
Many holders and investors have voiced their displeasure, arguing that the revised target fails to reflect XRP’s long-term potential. Geoffrey Kendrick, Standard Chartered’s digital asset lead, warned of a “final capitulation” phase before a recovery, which many believe contributes to the pessimistic outlook on XRP.
Also Read: $13 XRP Within the Next 3 Months? Here’s What Experts are Saying
Despite the immediate setback, Standard Chartered has provided a more optimistic projection for 2030, with XRP potentially reaching as high as $28.00. However, for now, investors are left grappling with the near-term decline.
The drastic revision to the 2026 target has caused a ripple of discontent among XRP holders, with some questioning if this adjustment is an accurate reflection of the asset’s potential or if it is a result of external market pressures.
XRP Community Reacts to Standard Chartered’s Forecast
The recent revision of XRP’s 2026 price target has sparked significant backlash from the XRP community, with many members voicing their discontent. KingValex expressed his frustration on X, calling the $2.80 target “a joke” and criticizing the pace of progress.
“Even they are frustrated with how SLOWWWWWWWWWW this is moving. $28 in 2028 is a JOKE, especially after TEN YEARS and when the so-called ‘Ripple CEO’ said it’s going to capture 14% of SWIFT within the next 5 years,” he tweeted.
K. Morgan added to the criticism, arguing that Standard Chartered’s revision misunderstood XRP’s structural function. Morgan believes the bank’s focus on speculative demand and ETF fatigue fails to recognize XRP’s key role in global liquidity, claiming a low target undermines XRP’s potential for institutional settlement.
“Kendrick’s revision reveals a fundamental misunderstanding of the asset’s structural function,” Morgan said. He added that the primary driver of XRP’s valuation is its role in absorbing trillions trapped in Nostro/Vostro accounts, not speculative market dynamics.
Looking Ahead: Market Sentiment and Long-Term Prospects
While the revised price targets for 2026 may appear bleak, the broader long-term outlook remains somewhat optimistic. The 2030 forecast for XRP, set at $28.00, suggests that there could still be room for recovery in the coming years. However, for many XRP holders, the near-term adjustments have raised concerns about the asset’s future trajectory.
Standard Chartered’s revisions underscore the complexity of the current market and the challenges cryptocurrencies face in gaining mainstream acceptance. Investors are left to wonder whether these adjustments are temporary or indicative of a more significant trend in the market. As the cryptocurrency landscape continues to evolve, regulatory clarity and investor sentiment will likely play a major role in determining the future of assets like XRP.
Also Read: Alert: $1,010,000,000 XRP Now Locked By Institutions – XRP Supply Shock Underway?
