xrp crypto selloff - Standard Chartered Slashes XRP Price Target by 65% Amid Market Downturn

Standard Chartered has significantly reduced its XRP price target from $8 to $2.80, marking a 65% cut following a recent market selloff. This adjustment comes as the broader cryptocurrency market has seen nearly $2 trillion wiped out since October. Despite the downgrade, the bank maintains a long-term 2030 targe