Ripple XRP’s token is facing significant challenges to break through the $0.57 barrier. The XRP token has rallied by 0.5% over 14 and 28-day charts. However, it’s down 6.3% on weekly charts. XRP has dropped 5.6% in price since August 2023. The price is predicted in this article articleWe’ll see how XRP might perform over the weekend.
Factors Influencing XRP’s Weekend Performance
Why is the Performance So Dull?
XRP is currently performing poorly in comparison to the overall crypto market. Bitcoin (BTC), which has now dropped to $58,000 and the crypto market capitalization has decreased by 0.6% to $2.16 billion in just 24 hours.
Also Read: Ripple: Here’s When XRP Could Breach The $100 Mark
XRP’s price soared last week following a settlement in the lawsuit between the fintech firm and the SEC. In the past few years, the lawsuit was a major obstacle to the price of the cryptocurrency. As prices have been consolidated, the rally has not lasted very long.
XRP Weekend Price Prediction
Changelly’s analysts predict that Ripple XRP will surpass $0.70 this weekend. It could reach $0.741189 Sunday, 18th August 2024. It would be a 32.3% increase if the price reached $0.741189.
CoinCodex analyst’s price predictions also suggest that XRP may rally over the weekend. Platform predicts that the asset will reach $0.607 by Sunday, August 18, 2024. The platform predicts that the asset will reach $0.607 on Sunday, August 18, 2024.
XRP could be on the rise over the next few months, given the outcome of the SEC vs. Ripple case. next Few Weeks
Also Read: Ripple: How High Can XRP Go If Bitcoin Hits $100,000?
A XRP exchange-traded fund (ETF) could be launched soon and help XRP to reach new heights.
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Source: watcher.guru