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XRP rebounds on EU MiCA license approval despite Standard Chartered cutting long-term price forecast

Market News
07 Jul 2026
Tokenpost
View Source
Neutral
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XRP has shown a short-term rebound to around $1.13 following Ripple's approval for an EU MiCA-compliant license, enhancing its regulatory position in Europe. However, Standard Chartered has lowered its 2026 price target for XRP from $8 to $2.80, reflecting a more cautious institutional outlook amid shifting macro conditions and regulatory reassessments. The token's recent strength is linked to a broader crypto market recovery led by Bitcoin's rebound, but medium-term returns remain negative. Key upcoming catalysts include a U.S. regulatory vote in July and potential international banking rule changes, which could influence XRP's adoption and institutional interest.

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Technical Signals
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Market News
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