Ripple XRP’s price has been corrected after it briefly went against the trend of the overall market. It has lost 7.7% within the last day and 7.5% during the week. It has, however, maintained gains after its recent rally. The asset is currently up by 1% on the charts for the next 14 days and 17.2% on the charts for the month.
Also Read: Ripple: Can $1000 of XRP Become $1 Million By 2030?
XRP experienced a sharp increase in price earlier this week, after the SEC revised its suit against Binance. Documents show that the judge presiding over the case will not need to make a decision on whether some cryptocurrencies qualify as securities. Many believed that the settlement of the Ripple suit was imminent.
Ripple’s XRP to reach $0.65 on the weekend?
CoinCodex analysts expect Ripple’s XRP to rally in the near future. next The platform predicts the asset will reach $0.62 on Sunday, August 4, 2024 and $0.78 on Aug. 6, 2024. Platform predicts that the asset will reach $0.62 by Sunday, August 4, 2024 and $0.78 by Friday, August 6, 2024. A rally of 10.7% would be required to reach $0.62 at current levels. Platform does not anticipate prices staying above $0.60 and predicts a correction of $0.61 at the end the month.
Also Read: Ripple: Here’s When XRP Will Breach $3 Again
Changelly Analysts are slightly more optimistic about Ripple’s XRP than they were in the past. next Few days. Platform predicts that XRP will hit $0.792103 by Sunday, August 4, 2024. This would be a 41% increase from the current prices. Platform predicts that XRP will trade at or above $0.64 throughout the remainder of this month.
If the SEC vs. Ripple case proceeds positively, XRP could experience a bigger rally. There are many who expect that a settlement will be made, although no official confirmation of this has been released.
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Source: watcher.guru