Standard Chartered Slashes XRP Price Target by 65% as Whale Activity Surges

Standard Chartered has significantly revised its outlook for XRP, slashing its price target for the digital asset by 65%. The downgrade coincides with large-scale transfers of XRP by major holders, or "whales," who have moved millions of tokens to the Binance exchange. Such exchange inflows are typically viewed as a precursor to selling pressure, weighing heavily on the token's current trading price of approximately $1.47. Market analysts attribute the bearish sentiment to cooling marginal demand and a broader shift toward risk-off behavior among investors. Despite recent institutional upgrades to the XRP Ledger, the substantial target cut from a major global bank has dampened investor confidence. The combination of institutional downgrades and whale activity suggests a challenging near-term outlook for the XRP/USD pair.