In the past day, the cryptocurrency market experienced a major correction. The global market capitalization fell 6.6% from $2.7 trillion to $2.76 trillion. Bitcoin (BTC), which is hovering around $67k, has seen an 8% drop in its daily chart. Ripple’s token XRP and other assets have suffered similar losses.
XRP’s price is down 7.2% according to the daily charts. The asset has risen 7% on the charts for the next 14 days and is up more than 21% from the last month. XRP has also seen a 68.7% increase in price since March 2023. Ripple’s lawsuit against the US SEC may have caused its recent growth to slow down.
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Also Read: Ripple Eyes 6.5-Year Downtrend Breakout: Can XRP Hit $1?
According to the Federal Reserve, inflation in February was higher than expected. According to Federal Reserve figures, US inflation has risen by 3.1%. This is above the Fed’s 2% goal. Investors may have been scared off by higher CPI numbers, which could have prevented an interest rate reduction in 2024.
Price prediction of Ripple XRP for the weekend
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CoinCodex predicts that Ripple’s XRP will see a rise this weekend. According to the platform, XRP is expected to reach $0.71 in March. 17, 2024 (Sunday). To reach $0.71 at current levels, a 12.7% growth would be achieved. CoinCodex also predicts that XRP will reach $0.86 by March. 19 2024 will see a 36.5% increase from the current level. The asset could face a decline after reaching $0.86.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Ripple-XRP-Price-Prediction-For-This-Weekend.png)
Also Read: Ripple XRP To Hit All-Time High By Bitcoin Halving: Predicts Analyst
Changelly Also, XRP is expected to be bullish for this weekend. According to the platform, the asset is expected to reach $0.880281 in March. 17, 2024 (Sunday). Changelly forecasts that XRP will trade in the range of $0.80 to $0.85 until the end this month.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru