The cryptocurrency market has confronted a major correction within the final day, with the worldwide market cap falling 6.6% to $2.7 trillion. Bitcoin (BTC) has witnessed an 8% correction within the each day charts, hovering simply above $67k. Different belongings, like Ripple’s XRP token, have additionally confronted the same destiny.
XRP’s worth has fallen 7.2% within the each day charts. Nevertheless, the asset remains to be up 7% within the 14-day charts and greater than 21% over the earlier month. Furthermore, XRP’s worth has risen by 68.7% since March 2023. Ripple’s ongoing lawsuit with the US SEC (Securities and Trade Fee) could have slowed its progress when different belongings rallied over the previous few weeks.
Also Read: Ripple Eyes 6.5-Year Downtrend Breakout: Can XRP Hit $1?
The most recent crypto market correction might be as a result of increased inflation numbers for February. In response to the Federal Reserve, inflation within the US is up by 3.1%, nonetheless above the Fed’s 2% goal. Increased CPI (Shopper Worth Index) numbers could have spooked buyers, thwarting the potential of an rate of interest lower in early 2024.
Ripple XRP worth prediction for this weekend
In response to CoinCodex, Ripple’s XRP may see a rally this weekend. The platform anticipates XRP to hit $0.71 on Mar. 17, 2024 (Sunday). Reaching $0.71 from present ranges would translate to a progress of about 12.7%. Furthermore, CoinCodex predicts XRP to succeed in $0.86 on Mar. 19, 2024, an increase of about 36.5% from present ranges. Nevertheless, the asset could face a correction after hitting $0.86.
Also Read: Ripple XRP To Hit All-Time High By Bitcoin Halving: Predicts Analyst
Changelly additionally paints a bullish image for XRP for this weekend. The platform anticipates the asset to hit $0.880281 on Mar. 17, 2024 (Sunday). Changelly predicts XRP to commerce between roughly $0.80 and $0.85 until the top of this month.
