Ripple’s XRP token seems to be recovering from its recent slump, rallying 0.7% in the daily charts and 8.4% in the last week. However, XRP is still down 13.4% in the 14-day chart and 15.7% over the previous month.
Also Read: Ripple Hits Record XRP Millionaires as it Rides 10% Weekly Surge
XRP’s latest slump could be due to rising global geopolitical tensions, high inflation, and fading expectations of an interest rate cut. Inflation in the US remains above the Federal Reserve’s 2% target, leading traders to speculate that the Fed may keep interest rates high for longer.
Ripple XRP weekend price prediction
According to CoinCodex, XRP could surge to $0.672127 on Sunday, Apr. 28, 2024. Reaching $0.672127 from current levels would translate to a growth of about 26.5%. However, CoinCodex anticipates XRP to face a correction after hitting $0.672127.
Also Read: Ripple XRP Price Prediction Following $900M Trading Volume Decline
Changelly also anticipates Ripple’s XRP token to rally over this weekend. The platform predicts XRP to hit $0.737584 on Saturday, Apr. 27, 2024. Reaching $0.737584 from current levels would translate to a growth of about 38.88%. However, Changelly anticipates XRP to fall to $0.692362 on Sunday, Apr. 28, 2024. Changelly predicts XRP to hit a maximum price of $0.79612038 in 2024.
Also Read: Ripple (XRP) Forecasted To Hit $1.9 If This Happens
One of the most significant barriers to XRP’s price is Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission). The fintech company received a favorable ruling from a district court last year. The verdict led to a significant price rally. However, the suit is now in the high court, and investors await a ruling. If the high court rules similarly to the district court, XRP may witness a sudden price spike.
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