Native token of Ripple company XRP, is trading at an average of $0.60 and maintains its optimistic outlook. The altcoin, which maintains its fifth place in terms of market capitalization, was among the best-performing assets of the last two weeks. In addition to this increase in prices, the optimistic outlook regarding fund inflow continues. Looking at the data, the price has increased by an average of 26% in the last two weeks.
Leading on-chain analytics and price prediction firm changelly, paints an optimistic picture for XRP in the first week of November. According to predictions, Ripple’s native token could reach a new weekly high of $0.80 in the next few days. This estimate means an average increase of 35%.
Koinfinans.com As we reported, XRP may drop its price and consolidate around $0.72 after reaching $0.80 this week. This represents an increase of close to 20% from the current price of $0.60. In conclusion, cryptocurrency Investors can benefit from the advantages of the altcoin as it can provide better returns in the first week of November.
However, the cryptocurrency market is extremely volatile and can cause investors serious losses in either direction. There is no guarantee that XRP can reach $0.80 in the first week of November. RippleThorough research is recommended before taking an entry position in ‘s native token. Conflict in the Middle East could make things worse for both stock and cryptocurrency markets.