Standard Chartered Cuts 2026 XRP Price Forecast From $8 to $2.80 — Why?

💡 DMK Insight

Standard Chartered’s drastic cut to XRP forecasts is a wake-up call for traders. With XRP now at $1.41, the bank’s revision highlights a growing skepticism in the crypto market, especially as Bitcoin’s long-term outlook also takes a hit. This could signal a broader trend where institutional confidence is waning, impacting not just XRP but potentially dragging down other altcoins as well. Traders should be cautious; if XRP fails to hold above key support levels, we might see a cascade effect across the crypto space. Watch for XRP’s ability to maintain momentum around $1.40—if it dips below, it could trigger further selling pressure. On the flip side, this could present a buying opportunity for those looking to accumulate at lower levels, especially if the market rebounds. Keep an eye on Bitcoin’s performance as well; if it stabilizes and shows strength, it might lift XRP and other altcoins along with it. The next few weeks will be crucial for gauging market sentiment and potential recovery.