Standard Chartered Bank significantly lowered its year-end target price for XRP and reduced its target price for Bitcoin to $100,000

After a brutal sell-off in the cryptocurrency market in February, Standard Chartered analysts revised their outlook, significantly lowering the bank's year-end target price for XRP by 65%. The bank had previously predicted that XRP would rise to $8 by the end of 2026. However, in a report to investors on Thursday, that forecast was downgraded to $2.8.

Standard Chartered's downgrade isn't limited to XRP. The bank also reduced its year-end target price for Bitcoin from $150,000 to $100,000, for Ethereum from $7,000 to $4,000, and for Solana from $250 to $135.