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.
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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.
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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.
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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.