Standard Chartered Bank downgrades short-term XRP outlook but raises long-term target price

Global investment bank Standard Chartered has cut its 2026 target price for Ripple’s XRP (XRP) by 65% from $8 to $2.8. The move reflects the fact that the price of XRP fell to $1.16 in February. However, its long-term outlook has been raised instead, with target prices of $12.6 in December 2028 and $28 in 2030, drawing market attention. Currently, XRP is trading around $1.33 to $1.35, and the bear market is still ongoing.

Standard Chartered: Near-term outlook cut, long-term target prices raised

In a recent report, Standard Chartered cut its 2026 target price for XRP to $2.8. This is a 65% reduction from the prior $8, and the adjustment reflects the market conditions in which XRP briefly plunged to $1.16 in February. Currently, XRP is trading around $1.33. In the recent bear market, it has fallen 1.62% over the past 24 hours and 5.3% on a weekly basis.

However, the long-term outlook is more optimistic. Standard Chartered raised its 2028 target price to $12.6 and maintained its original forecast that the figure would reach $28 by 2030. If the $28 target is achieved, XRP’s market cap is expected to reach $1.71 trillion.

Price-boosting catalysts: Macro recovery and regulatory clarity

Standard Chartered outlined three main catalysts that could drive XRP’s price higher. The first is macroeconomic recovery—lower oil prices and signals of interest-rate cuts from the Federal Reserve are key factors in achieving the $2.8 target. Second, the passage of the “CLEAR Act” and inflows into ETFs exceeding $40 billion; under this scenario, XRP could rise to $7 to $12.6.

Third is improvements in XRPL scalability. The analysis suggests that if XRPL can capture SWIFT’s annual transaction volume of $1.5 quadrillion, it could meet the $28 target price. This is based on the assumption that XRP would replace part of SWIFT’s market share that currently dominates the global interbank remittance market.

Ripple ecosystem expansion enables 24-hour cross-border payments

Ripple is expanding its ecosystem by enhancing global payment liquidity through using XRP as a bridging asset. It has enabled year-round, nonstop 24-hour cross-border transaction settlement, overcoming the limitations of traditional financial systems. In particular, the shift toward regulated finance is accelerating, with more banks adopting crypto payment systems.

In addition, following the resolution of the lawsuit between Ripple and the U.S. Securities and Exchange Commission, the company has also accelerated its infrastructure buildout while receiving conditional approvals. However, XRP’s rebound failure near the $1.60 resistance level recently led to a double-digit percentage weekly decline.

Trading volume $9.3 billion, market cap holds at $81.3 billion

As of March 29, XRP’s 24-hour trading volume was $932.86 million, down 38.98% from the previous day. Centralized exchange trading volume was $932.0 million, while decentralized exchange trading volume was $865,334. The market cap was $81.3 billion 408 million, accounting for 3.54% of the cryptocurrency market and maintaining fifth place.

Circulating supply is 61.34458 billion XRP, and total supply is 99.98569 billion XRP. The maximum supply is capped at 100 billion XRP, so inflation concerns are relatively low. Fully diluted market capitalization is $132.59538 billion.

XRP rose 0.04% within the last hour, but the 30-day benchmark is down 2.8%, the 60-day benchmark is down 30.89%, and the 90-day benchmark is down 28.83%, indicating ongoing weakness in the medium to long term. Market experts believe that improved macroeconomic indicators and regulatory clarity will be the main factors behind a rebound in XRP’s price.

Ripple’s payment network expansion continues, though a specific new project roadmap has not yet been released. However, it is understood that it is focusing on strengthening existing global payment infrastructure and expanding banking partnerships. XRP investors need to adopt strategies that address short-term volatility while keeping an eye on long-term growth potential.

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