Ripple’s XRP token had a rough couple of years. The asset struggled to gain momentum due to its lawsuit with the SEC. XRP’s trajectory changed earlier this month when it breached the $1 mark for the first time in three years. This price prediction article will discuss how high XRP’s price may go over the coming weekend.
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XRP is currently up by 25.6% in the daily charts, 73.2% in the weekly charts, 154% in the 14-day charts, and 163.3% over the previous month. XRP’s price has also risen by 136% since November 2023.
Why Is XRP Rallying Today?
XRP’s latest rally is likely due to Bitcoin (BTC) climbing to a new all-time high of $99,261.30 earlier today. BTC’s rally has likely triggered another bullish outbreak for all assets.
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The SEC’s lawsuit against Ripple led to XRP’s price stagnating. The fintech company recently settled its lawsuit with the SEC with a $125 million fine. With its legal woes out of the way, the asset may begin an upward movement over the next few weeks.
Donald Trump’s victory in the US Presidential election may also help the asset climb to new highs. Trump’s pro-crypto stance may lead to investors taking bullish positions on XRP.
Price Prediction: Will The Asset Hit $1.70 This Weekend?
According to the analysts at CoinCodex, XRP will hit a price of $1.38 on Sunday, Nov. 24, 2024. The platform anticipates the asset climbing to $1.73 on Monday, Nov. 25, 2024. Despite the bullish forecast, CoinCodex analysts anticipate the asset facing a correction by the end of December 2024. The platform anticipates XRP trading at $0.78 on Dec. 30, 2024.
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Changelly analysts also present a similar outlook for Ripple’s XRP token. The platform anticipates the asset to hit $1.48 on Sunday, Nov. 24, 2024.
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