Standard Chartered has sharply reduced its near-term XRP price forecast, but its long-term outlook remains unchanged.
Crypto analyst ALLINCRYPTO highlighted the contrast in a tweet, focusing on the bank’s continued expectation that XRP could reach $28 by 2030 despite weaker market conditions.
The analyst described the long-term projection as a significant bullish signal because Standard Chartered has reduced its short-term expectations for XRP while maintaining its longer-term valuation.
🚨STANDARD CHARTERED SEE $XRP GOING TO $28!
This is unbelievably bullish as Geoff Kendrick, Standard Chartered’s Head of Digital Asset Research states…
Although $XRP has been battered, ETF flows have slowed and the macro backdrop has deteriorated.
The bank STILL sees $XRP… pic.twitter.com/7xycx2ov76
— ALLINCRYPTO (@RealAllinCrypto) August 11, 2026
Standard Chartered Cuts Its Near-Term XRP Forecast
According to the information shared by ALLINCRYPTO, Geoffrey Kendrick, Standard Chartered’s Head of Digital Asset Research, previously set a 2026 year-end XRP target of $8 in April 2025.
The bank later reduced that forecast to $2.80, representing a 65% reduction. The adjustment came as XRP experienced weaker price performance, while spot ETF flows slowed. The attached report also cited high interest rates and geopolitical uncertainty as factors behind the lower near-term expectation.
XRP reached $2.40 in January before falling to around $1.38 two months later. The decline represented a roughly 43% drop from the January level. ETF inflows also weakened after initially recording strong activity.
ALLINCRYPTO highlighted these developments while focusing on the difference between Standard Chartered’s short-term and long-term expectations.
$28 XRP Target Remains for 2030
Despite cutting its 2026 forecast, Standard Chartered continues to project XRP at $28 by 2030.
ALLINCRYPTO described this as the key part of the bank’s outlook. The analyst noted that Standard Chartered still maintains its long-term XRP valuation despite weaker ETF flows, difficult macroeconomic conditions, and the recent decline in XRP’s price.
The attached report also notes that the bank’s original $8 target applied to the end of 2026, while the $28 projection applies to 2030. This distinction separates the bank’s near-term expectations from its longer-term view of XRP.
The analyst wrote that Standard Chartered is “putting a $28 long-term valuation on XRP,” emphasizing the significance of the forecast coming from a major international banking institution.
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XRP Faces Different Conditions in the Near Term
The revised forecast reflects the challenges facing XRP in the current market environment. ETF flows have slowed from their initial pace, while higher interest rates and geopolitical uncertainty have affected expectations across digital assets.
Nevertheless, ALLINCRYPTO noted that Standard Chartered did not reduce its 2030 target alongside its 2026 forecast. The bank instead adjusted its near-term outlook while retaining the $28 figure for the end of the decade.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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