The cryptocurrency market seems to be recovering from the recent dip. Bitcoin (BTC) has reclaimed the $64k level, rising 5.1% in the last 24 hours. Furthermore, the global crypto market cap has risen 4.9% in 24 hours to $2.45 trillion. Ripple’s XRP token has also made a slight 1.9% recovery in the daily charts.
However, XRP is still down by 18.2% in the weekly charts, 14.1% in the 14-day charts, and 16.1% over the previous month. Moreover, XRP’s price has fallen 4.3% since April 2023.
Also Read: Ripple XRP Price Prediction For This Weekend As Bitcoin Halving Nears
The recent rebound could be due to BTC’s halving event, which is just around the corner. The original cryptocurrency is expected to undergo its halving on Apr. 20, 2024. Many consider halvings bullish as they reduce the supply of an asset, which could lead to a surge in demand.
Ripple XRP price prediction for April end
According to CoinCodex, Ripple’s XRP could surge to $0.646849 on Apr. 23, 2024. Reaching $0.646849 from current levels would translate to a growth of about 29.6%. However, CoinCodex anticipates XRP’s price to drop a little after hitting $0.646849. The platform anticipates XRP to trade at $0.62 on Apr. 30, 2024.
Also Read: Ripple & SEC Settlement Rumored as XRP Falls; Is a Rally Close?
Changelly also anticipates XRP’s price to rise over the next few days. The platform predicts XRP to hit $0.632210 on Apr. 30, 2024, a rise of about 26.7% from current levels.
One of the most significant barriers to XRP’s price is the ongoing lawsuit between the SEC (Securities and Exchange Commission) and Ripple. Although the fintech company received a partially favorable verdict from a district court, the suit is now in high court. If the high court rules similarly to the district court, we may witness a massive price spike for XRP.
Credit: Source link