XRP Price Target Slashed 65%, But Pepeto's Infrastructure Beckons

Standard Chartered's reduction of its XRP price target from $8 to $2.80 has sparked debate among cryptocurrency enthusiasts about the future prospects of Ripple's token.

The British bank attributed the downward revision to the lack of institutional capital flowing into XRP following the SEC settlement, which failed to materialize as expected.

Meanwhile, Pepeto (PEPETO) is making waves in the market with its presale reaching $7.2 million despite being one of the worst years for cryptocurrencies.