Ripple (XRP) Price Could Increase by 15% in the Coming Week

Changelly, a leading company in price predictions and on-chain analytics, has forecasted a potential 15% increase for XRP in the coming week.

Ripple (xrp) Price Could Increase By 15% In The Coming Week_65b96e6ea15a0.jpeg

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.

ripple xrp price could increase by 15 in the coming week 65b96e6ea5d02

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.

(100 votes)

5.0/5

(100 votes)

Latest

Crypto Market Faces Volatility Ahead Of Trump Tariff Pause Expiration

News | Editor Choice | Policy & Regulations

Crypto Market Faces Volatility Ahead of Trump Tariff Pause Expiration

The crypto market is entering a sensitive phase as the Trump tariff pause nears its end and nearly $15 billion in Bitcoin options are set to expire, putting significant pressure on investor sentiment.

Pi Coin Faces Selling Pressure Ahead Of Pi2day

News | Editor Choice | Pi Network

Pi Coin Faces Selling Pressure Ahead of Pi2Day

Ahead of the Pi2Day event on June 28, Pi Coin is under strong selling pressure while Pi Network announces a series of new updates, including the KYC Sync feature and upgrades to the Pi Browser aimed at improving user experience and accelerating the transition to Mainnet.

Bitcoin Could Drop To $100,000 Soon

Bitcoin | Editor Choice

Bitcoin Could Drop to $100,000 Soon

Although Bitcoin has surged following the stabilization of the Middle East situation, it could still fall below the 100,000 USD mark in the near future.

Coinbase Stock Hits New High As Analysts Split On Future Rally

News | Altcoin | Editor Choice | Policy & Regulations

Coinbase Stock Hits New High as Analysts Split on Future Rally

Coinbase (COIN), the crypto exchange giant, has just set a new all-time closing high, despite growing concerns that the stock may be due for a short-term correction.

Ai Crypto App Users Double This Year

Editor Choice | Altcoin

AI Crypto App Users Double This Year

According to a report from DappRadar, there are approximately 4.5 million wallets using AI applications on the blockchain, marking an 86% increase this year.