It’s been a fruitful week for Ripple, as the firm recently challenged the SEC’s $2 billion penalty mark. The firm is now advocating for a fair $10 million penalty charge, directly contesting the SEC’s staggering demand. With Ripple slowly gnawing its way out of the SEC’s claws, the price of XRP is also expected to portray a recovering stance.
Also Read: Ripple XRP to Hit $1.4: Here’s When
Ripple Weekend Price Forecast
Ripple is now extending and expanding its ecosystem to new levels. The platform has recently announced stablecoin development, which will help XRP onboard new users.
“Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto. We have 1 year of experience. 2/ regulatory footprint, 3/ a strong balance sheet, and 4/ a network with near-global payout coverage, to offer the best of crypto-enabled payments using XRP and our (future) stablecoin together.”
As new developments chart a new course for ripple, users are also hoping that the price of XRP will also adapt to the new path of progress.
Per CoinCodex, XRP may rise by a whopping 30% by April 29–30, capitalizing on post-halving jitters and new SEC legal war revelations. The token may trade at $0.70, after which it can pick up its pace to embrace bullish market momentum.
XRP Forecast for May
The month of May looks particularly bright for Ripple, as the token is expecting a new price uptick to document this month.
Per CoinCodex, the token may spike by 18% to eventually level down and trade at $0.62 by May 25.
Also Read: Halving Jitters: Can Ripple XRP Hit $0.75 By This Weekend?
“According to our current XRP price prediction, the price of XRP is predicted to rise by 18.10% and reach $0.622992 by May 25, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 72 (greed). XRP recorded 13/30 (43%) green days with 8.73% price volatility over the last 30 days.”