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XRP Price Prediction: What to Expect in the Next 48 Hours

Published 11/02/2023, 07:35 PM
Updated 11/02/2023, 07:45 PM
XRP Price Prediction: What to Expect in the Next 48 Hours
XRP/USD
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  • The price of Ripple (XRP) recorded a slight uptick of 0.65% to trade at $0.6047 at press time.
  • XRP has been trading in a positive price channel for the past few days and may break above $0.6235 soon.
  • Technical indicators on XRP’s daily chart suggested that its price may undergo a correction soon.

Ripple’s CEO Brad Garlinghouse recently put the spotlight on the performance of XRP Ledger’s decentralized exchange (DEX) platform following its substantial growth in the third quarter of this year. According to Garlinghouse, the platform recorded a threefold increase in its trading volume on a quarter-over-quarter basis.

XRP Current Market Standing

Ripple (XRP) is ranked as the fifth biggest cryptocurrency based on its market cap, according to CoinMarketCap. It experienced a 0.65% increase in price over the last 24 hours, taking its price up to $0.6047 at pr…

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