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XRP fell below $1.60 and extended losses under $1.50 as broader crypto markets weakened. The token now trades near $1.45 while Standard Chartered slashed its 2026 price target by 65% following February’s sharp selloff. Bitcoin and Ethereum also declined during the same period, adding pressure across digital assets.
XRP failed to hold above $1.60 and dropped below $1.550 and $1.520, entering a short-term bearish zone. Sellers then pushed the price under $1.50. The decline formed a low at $1.4437 before consolidation began.
The token posted a minor rebound above the 23.6% Fibonacci retracement level. That level tracks the move from the $1.6713 swing high to the $1.4437 low. XRP now trades above $1.450 and the 100-hour Simple Moving Average.
Meanwhile, a short-term bullish trend line forms support near $1.4720 on the hourly chart. If buyers attempt recovery, the price may face resistance near $1.5150. The first major barrier stands at $1.520.
A close above $1.520 could open the path toward $1.550 and the 50% Fibonacci retracement level. Beyond that, resistance sits at $1.5840. A clear move above $1.5840 may push XRP toward $1.620.
Further gains could target $1.650, while the next major hurdle appears near $1.6750. On the downside, support rests near $1.460 and the trend line. If XRP drops below $1.440, the price could slide toward $1.380.
Additional losses may extend to $1,350 and possibly $1,325. These levels now define the short-term trading range as volatility continues across the crypto market.
At the same time, Standard Chartered reduced its end-of-year XRP target by 65%. The bank previously projected XRP to reach $8 by the end of 2026. It now expects the token to trade at $2.80, according to a note shared with DL News.
Geoffrey Kendrick, the bank’s global head of digital assets research, cited difficult recent price action. He said the firm expects further near-term declines and lowered forecasts across the asset class.
The broader crypto market has endured its worst rout in nearly four years. Bitcoin dropped 28% over the past month and touched $60,000 before rebounding. Other major assets recorded similar losses.
During the selloff, XRP briefly fell to $1.16, marking its lowest level in 15 months. The token carries a market value of nearly $90 billion. The downturn reversed the earlier momentum seen at the start of 2026.
Standard Chartered also cut its Bitcoin target from $150,000 to $100,000. The bank lowered its Ethereum forecast from $7,000 to $4,000 and reduced its Solana target from $250 to $135.
Earlier this year, XRP rallied 25% during the first week of 2026. Strong inflows into XRP exchange-traded funds supported that move. On January 5, assets locked in XRP ETFs reached a record $1.6 billion, according to SoSoValue.
Since then, ETF holdings have fallen to just over $1 billion as of February 13. That marks a 40% decline. The drop mirrors broader market weakness and fading investor momentum.
Despite the cuts, Kendrick said XRP may keep pace with Ethereum. He added that both assets could benefit from growth in stablecoins and tokenized real-world assets.
Read More: Is XRP Undervalued in 2026 or Still Exposed to Legal and Macro Risks?
Regulatory developments may also shape XRP’s path. The Clarity Act, a wide-ranging crypto bill, continues to move through the US Senate. US Treasury Secretary Scott Bessent said its passage could help the crypto market recover.
Last month, Katherine Dowling, president of Bitcoin Standard Treasury Company, told DL News that XRP stands to gain the most if the Clarity Act passes. As prices hover near key technical levels, will regulatory progress provide the catalyst XRP needs to reverse its decline?
XRP price fell below $1.60 and traded near $1.45 after sliding under $1.50. Standard Chartered cut its 2026 XRP target to $2.80 as the wider market weakened. XRP ETF holdings also dropped from $1.6B to just over $1B. Watch $1.520 resistance and $1.440 support.
