British investment bank Standard Chartered reduced its year-end XRP price target to $2.80 from $8, a 65% cut following February’s cryptocurrency market selloff.

The bank expects additional near-term price declines across digital assets.

Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, lowered forecasts for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other major cryptocurrencies.

The revisions follow what analysts described as the sector’s worst downturn in nearly four years.

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Market Conditions Drive Downgrades

XRP fell to $1.16 last month, its weakest level since November 2024, before recovering…