The XRP Ripple token has had some rough years. Due to the SEC lawsuit, the asset was unable to grow. XRP’s path changed in early October when the price of the asset breached $1 for the very first time since three years. The price of XRP will be discussed in this article.
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The price of XRP has risen by 25,6% on the charts for the day, 75,2% on the charts for the week, 154% on the charts 14 days, and 163,3% from the month before. XRP’s price is also up 136% from November 2023.
Why has XRP rallied today?
XRP’s recent rally was likely triggered by Bitcoin (BTC), which reached a new record high today of $92,611.30. BTC’s recent rally is likely to have triggered a new bullish wave for all assets.
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Ripple’s XRP prices stagnated after the SEC filed a lawsuit. Fintech firm Ripple recently settled with SEC over a lawsuit. The company was fined $125 million. The asset could begin to rise in value over the next couple of weeks now that its legal issues are behind it.
Donald Trump’s election as US President may boost the value of the asset to record highs. Investors may be influenced by Trump’s crypto-friendly stance to take bullish positions in XRP.
Price Prediction – Will Asset hit $1.70 by this weekend?
Analysts at CoinCodex predict that XRP’s price will reach $1.38 by Sunday, November 24, 2024. According to the platform, the asset is expected to reach $1.73 Monday November 25th 2024. CoinCodex analysts predict that despite the bullish prediction, the asset will face a correction at the end of 2024. The platform predicts XRP will trade at $0.78 per XRP on December 30th, 2024.
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Analysts at Changelly also have a similar view of Ripple’s XRP Token. Platform analysts predict the asset will reach $1.48 by Sunday, November 24, 2024.
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Source: watcher.guru
