Currently, Ripple’s XRP is trading at $0.614 USD and has sustained an upward trend for three consecutive days. Despite some analysts’ negative price predictions, the market’s fifth-largest cryptocurrency with a market cap of $32 billion has surged nearly 17% in the last two weeks.
XRP’s optimism is fueled by the Dubai Financial Services Authority’s (DFSA) approval for its use within the Dubai International Financial Centre (DIFC).
Today, the Dubai Financial Services Authority (DFSA) approved XRP under its virtual assets regime – allowing licensed firms in the Dubai International Financial Centre (@DIFC) to incorporate XRP into their virtual asset services.
Learn more: https://t.co/JNcd4ROhoI
— Ripple (@Ripple) November 2, 2023
Weekend Price Forecast for XRP
Changelly, a leading company in price predictions and on-chain analytics, has forecasted a potential 15% increase for XRP in the coming week. According to Changelly’s predictions, Ripple’s native token could reach $0.7075 USD on November 12, reflecting a nearly 15.5% increase from its current price of $0.614 USD.
Changelly’s XRP Price Forecast
Nevertheless, the cryptocurrency market is highly volatile, and such predictions might not ensure a sudden 20% surge for XRP in the next two days. Therefore, investors should take these forecasts as guidance rather than guarantees.
Moreover, tensions in the Middle East, especially any escalation between Israel and Palestine, could potentially drive the market downward. The market is susceptible to various factors, including conflicts and other developments like the US Federal Reserve’s interest rates.
