Standard Chartered, a leading British multinational bank, has revised its near-term price outlook for XRP, outlining a significantly lower target for 2026. However, the institution retained its long-term forecast for 2030, maintaining confidence in the digital asset’s growth potential over the next several years.
Short-term outlook revised amid weaker market conditions
Geoffrey Kendrick, Standard Chartered’s Head of Digital Asset Research, initially set an XRP price target of $8 for the end of 2026 in April 2025. The bank recently reduced this estimate to $2.80, citing a combination of factors weighing on the market’s performance. This adjustment represents a 65% decrease from the earlier projection.
The reduction follows a period of weaker XRP price performance, in which the token slid from $2.40 in January to about $1.38 two months later, marking a drop of approximately 43%. During this period, inflows to XRP exchange-traded funds (ETFs) also slowed after an initially strong start.
Standard Chartered’s latest report pointed to continued high interest rates and ongoing geopolitical uncertainty as contributing to the lowered near-term expectation for XRP. The bank’s revised forecast reflects the shifting dynamics across digital asset markets.
Inflows into XRP ETFs have moderated, and a less favorable macro environment has added pressure. Despite these headwinds, Standard Chartered maintains its conviction in the long-term valuation for XRP.
Bank’s $28 target for 2030 remains unchanged
Despite the downgrade for 2026, Standard Chartered confirmed that its long-term projection for XRP remains steady. The bank continues to expect XRP to reach $28 by 2030, signaling confidence in the asset’s future prospects.
Crypto analyst ALLINCRYPTO called the bank’s stance a significant bullish signal, highlighting that Standard Chartered distinguishes between its short-term and long-term views. The bank continues to back its 2030 forecast even as it adapts to recent market weakness and reduced ETF activity.
The bank’s maintained $28 price target for the end of the decade stands as a key differentiator in its outlook compared to its cut for 2026.
| XRP Price Target | Year | Standard Chartered Forecast |
|---|---|---|
| End of 2026 | 2026 | $2.80 |
| End of 2030 | 2030 | $28 |
Mini dictionary: Standard Chartered, based in London, is one of the world’s largest international banks, operating across more than 50 markets and providing services in retail and corporate banking, as well as digital asset research and strategy.
Standard Chartered’s commitment to a $28 long-term valuation on XRP underscores the distinctive outlook of a major institutional player, despite ongoing challenges in the broader market.
Difficulties for XRP in the current environment
Slowing ETF flows and persistent macroeconomic challenges have impacted near-term sentiment for XRP and other digital assets. Higher global interest rates and geopolitical instability have weighed on the broader cryptocurrency market, shifting institutional expectations accordingly.
Still, Standard Chartered has not revised its 2030 forecast downward in tandem with its 2026 prediction. The bank’s approach reflects its dual strategy of adapting to short-term headwinds while emphasizing long-term growth potential in the digital asset sector.
ALLINCRYPTO emphasized the significance of this distinction, noting that such a major banking institution maintaining a high long-term valuation signals a notable level of ongoing institutional confidence in XRP’s prospects.
