Standard Chartered slashes XRP price target by 65%, expects ‘further declines’ for crypto market

Standard Chartered has dramatically reduced its XRP price target by 65%, signaling expectations for continued weakness in the cryptocurrency market. The crypto market is currently experiencing its worst rout in nearly four years, with major financial institutions adjusting their outlook downward.

• →Standard Chartered cut its XRP price target by a substantial 65%.
• →The bank expects further declines across the broader cryptocurrency market.
• →The crypto market is experiencing its worst performance decline in almost four years.
• →Major financial institutions are becoming increasingly bearish on crypto prospects.
• →XRP and other cryptocurrencies face continued downward pressure according to institutional analysis.