Standard Chartered Lowers XRP Year-End Price Target Amid Market Decline

Standard Chartered has revised its year-end price target for XRP, reducing it from $8 to $2.80. According to NS3.AI, this adjustment reflects the bank's anticipation of further short-term declines in the cryptocurrency market. The bank has also lowered its forecasts for Bitcoin, Ethereum, and Solana following the recent market downturn. Despite the current bearish outlook, there is optimism for XRP's recovery, which is linked to potential progress in U.S. regulatory developments, particularly the pending Clarity Act.