XRP price is showing mild signs of recovery as Standard Chartered lowered its 2026 price target to $2.80, revising short-term expectations.
Summary
- Standard Chartered lowered its 2026 XRP price forecast from $8 to $2.80, citing large upside and liquidity.
- XRP bounced back from $1.23 but remains below its 20-day moving average and RSI near 42.
- A move above $1.75 improves the chances of a recovery, while a break below $1.23 risks a drop to $1.00.
XRP was trading around $1.48 at press time, up 1.5% in the last 24 hours. Earlier this month, the token fell slightly to $1.16 during a broad crypto selloff before experiencing a small recovery.
In recent sessions, Bitcoin and Ethereum have performed slightly, however the big picture is still dark. XRP (XRP) is still down about 30% in the last month and about 45% in the last year.
The setback comes as sentiment across the sector remains fragile. About $2 trillion in crypto market value has evaporated since the October crash, and liquidity conditions remain tight amid extreme fear levels.
Standard Chartered lowers 2026 XRP target
On Feb. 16, Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, reduced the bank’s end-2026 XRP target by 65%, lowering it from $8 to $2.80.
The review shows what Kendrick described as “an area prone to holding power”.
According to the bank, institutional outflows have continued, exchange-traded fund inflows have declined despite an estimated $1.37 billion in allocations raised since late 2025, and high interest rates coupled with political uncertainty continue to weigh on appetite.
The bank warned of a “near-term sustained decline” in all digital assets before any recovery later in 2026. The bank kept its 2030 target at $28, suggesting that prices may fall further in the short term before a long-term recovery takes hold.
XRP price prediction. How high can XRP go?
XRP is still in a moderate downtrend. The daily chart clearly shows a pattern of highs and lows. The price is currently trading around $1.47, which is slightly below the 20-day moving average of $1.49. Meanwhile, the lower Bollinger Band is near $1.23, and the upper band is near $1.76.
The latest rebound started at the $1.23 level, where the lower Bollinger Band coincided with the sharp line rejection. Although this provides temporary relief, it does not indicate a definite reversal. The 20-day moving average suggests that the bearish pressure has not completely subsided.
Momentum appears to be stable, though not unchanged. The relative strength index bounced off the oversold levels around 30 and is sitting near 42. By remaining below 50, it suggests that traders are still holding a small profit. A clear movement of more than 50 will strengthen the case for a mid-term recovery.
Key support can be found at $1.23, with additional psychological support near $1.20. Losses in that region represent $1.00–$1.05, and possibly $0.90 if broader market weakness resumes.
On the other hand, $1.50 is the first barrier, which corresponds to the 20-day moving average. A clean break could pave the way towards $1.75–$1.80, followed by $2.00–$2.20, where earlier consolidation has created structural resistance.
A major supply zone between $2.40 and $2.60 is a level that would invalidate the current down trend if it is re-claimed. If it holds $1.30–$1.23, a supportive rally towards $1.75–$2.00 seems possible in the near future. However, XRP may return to the $1.00 range if it breaks below $1.23.
In the long term, targets of $3.00 and even $3.40 are technically possible if XRP finds $1.75, breaks $2.20, and tops above $2.60. Until then, rallies may be considered corrections within a broader downtrend.
