Bitcoin (BTC), the largest cryptocurrency by market cap, dropped to a little over $65k yesterday. Ripple’s XRP and other assets are also following BTC. In the charts for the week, XRP has fallen 13.9% and in those of the day, XRP fell 6.6%. The asset is up nearly 8% in price over the last month, and by 54.7% from March 2023.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Ripple-XRP-Forecasted-To-Hit-228-Heres-When.jpg)
Also Read: Ripple CTO Says Gradual Appreciation May Lead Big XRP Gains
It is possible that the latest correction was caused by macroeconomic factors such as the rise in inflation rates in the US. These may have led to Federal Reserve rethinking any plans to cut interest rates. Investors may have pulled back on riskier assets such as cryptocurrency because they were less confident about a possible rate cut.
Ripple’s cryptocurrency XRP will hit $2.28
![Ripple](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Ripple-XRP-Becomes-Best-Performing-Cryptocurrency-in-Top-100.jpg)
![Ripple](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Ripple-XRP-Becomes-Best-Performing-Cryptocurrency-in-Top-100.jpg)
The following is a list of TelegaonThe maximum price that XRP can reach in 2024 is $2.28. To reach $2.28 at current levels, a gain of approximately 280% would be achieved. Telegaon has not specified the exact month in which this level of XRP might be reached.
ChangellyRipple’s Ripple XRP, however, is predicted to reach its maximum value of $0.9809019 at the end of 2024. The platform doesn’t expect that XRP would reach $2.28 levels until 2027 at the earliest, which is about three more years.
Also Read: Ripple XRP To Hit All-Time High By Bitcoin Halving: Predicts Analyst
Changelly believes that XRP’s all-time price will be $3.40 in 2028. This is the highest it has ever been. Telegaon expects XRP will reclaim the all-time highest in 2025. It will reach a maximum price of $3.97.
The ongoing litigation between Ripple and SEC is one of the biggest barriers for XRP to rise in price. We may witness a rise in XRP adoption and price if Ripple is granted a favorable decision by the US Supreme Court.
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Source: watcher.guru