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Where Will XRP (Ripple) Go Next?

TheMotleyFool

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The recent crypto slump has weighed heavily on Ripple Labs' XRP (CRYPTO: XRP). The token is down over 60% on its all-time high, closing at $1.42 on Feb. 18. Unfortunately, XRP is likely to struggle further if the rout continues, which it may well do.

Standard Chartered recently slashed its 2026 target for XRP by 65% from $8 to $2.80. The investment bank also backpedalled on forecasts for Bitcoin and Ethereum, citing the harsh climate and liquidity challenges. That said, its XRP cut was the biggest and may reflect shifting perceptions about the token's utility.

Image source: Getty Images.

Source Fool.com

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