It’s been a fruitful week for Ripple, as the firm recently challenged the SEC’s $2 billion penalty mark. The firm is now advocating for a fair $10 million penalty charge, directly contesting the SEC’s staggering demand. With Ripple slowly gnawing its way out of the SEC’s claws, the price of XRP is also expected to portray a recovering stance.
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Ripple Weekend Price Forecast
Ripple has now extended and expanded its ecosystem into new levels. Recently, the platform announced that stablecoins would be developed to help XRP attract new users.
“Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto. We have 1 year of experience. 2/ regulatory footprint, 3/ a strong balance sheet, and 4/ a network with near-global payout coverage, to offer the best of crypto-enabled payments using XRP and our (future) stablecoin together.”
Users hope that the price will adjust to this new direction as well.
The Persistence of the People CoinCodex, XRP may rise by a whopping 30% by April 29–30, capitalizing on post-halving jitters and new SEC legal war revelations. After trading at $0.70 the token can accelerate to take advantage of bullish market momentum.
Forecast of XRP for May
Ripple is looking particularly good for the month of May, with the coin expecting to see a price increase this month.
CoinCodex estimates that by the end of May, this token will trade for $0.62.
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“According to our current XRP price prediction, the price of XRP is predicted to rise by 18.10% and reach $0.622992 by May 25, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 72 (greed). XRP recorded 13/30 (43%) green days with 8.73% price volatility over the last 30 days.”
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Source: watcher.guru