Over the past week, XRP has experienced significant price movements. As of November 30, 2024, XRP is trading at approximately $1.90, marking a substantial increase from its opening price of $1.54 on November 28.

FXEMPIRE

XRP (XRP)

XRP

$1.90

+$0.29

+18.01%

This upward trend is partly attributed to increased institutional interest, exemplified by Bitwise's rebranded Exchange-Traded Product (ETP), which has propelled XRP's price above $1.47.

BLOCKONOMI

However, some analysts predict a potential short-term decline. According to CoinCodex, XRP's price could decrease by approximately 5.95% over the next week, reaching around $1.41 by November 30, 2024.

COINCODEX

In summary, while XRP has shown strong performance recently, short-term forecasts suggest a possible price correction. Investors should monitor market developments and consider both technical indicators and fundamental factors when making investment decisions.

Sources