Ripple’s XRP token has seen significant gains over the last few weeks. The asset is up by 7.5% in the weekly charts, 11% in the 14-day charts, and 2.7% over the previous month. Moreover, XRP’s price has risen by 42.5% since February 2023.
Also Read: Ripple (XRP) Up Nearly 10% On the Week as Path to $0.70 Clears
However, this might not be the end of XRP’s rally. According to the popular AI (Artificial Intelligence) chatbot ChatGPT, XRP could hit $10 in Q1 2024. There is one more month before the first quarter of 2024 ends. Therefore, we may see an explosive XRP rally very soon.
Ripple XRP price prediction
According to CoinCodex, XRP’s price may surge to $0.76 on Feb. 23, 2024, a rise of over 38% from current levels. However, the platform does not expect Ripple’s XRP token to hold the $0.76 level. CoinCodex predicts XRP’s price to drop to below $0.60 by mid-March.
Changelly also anticipates Ripple’s XRP token’s price to rally over the next few days. The platform predicts XRP to hit $0.750258 on Feb. 21, 2024, a rise of about 36.4% from current levels. Moreover, the platform anticipates XRP to trade at $0.727646 by the end of the month.
Also Read: Ripple: Investing $1,000 in XRP Could Make You a Millionaire, Here is How
The rejuvenated sentiment around XRP could be due to expectations of a favorable ruling for Ripple in its lawsuit against the SEC (Securities and Exchange Commission). The SEC alleges that selling XRP to retail clients breaches securities laws. However, last year, a US district court ruled partially in Ripple’s favor, stating that selling tokens to retail clients did not breach securities laws. The lawsuit has entered the high court, and investors await a verdict. If the high court rules similarly to the district court, we may see a surge in XRP’s price.
