XRP is having a tough run, currently down about 60% from its highs. Standard Chartered recently cut their 2026 price target for the token from $8 down to $2.80, citing liquidity issues and a generally harsh market climate. Liquidity hasn't really recovered since the leverage wipeout in October, and the market seems to be waiting on regulatory clarity or rate cuts to turn things around. However, the Fed likely won't cut rates before June. One of the main concerns is utility. While Ripple the company is securing partnerships, there is a risk that clients might choose to use their stablecoin or private ledgers rather than the actual XRP token for transactions.