Following a 3-0 defeat to Arsenal in the third-round of the FA Cup, Oxford bounced back with a narrow 2-1 victory over Fleetwood last Saturday.
Kyle Joseph found the net after the hour mark to cancel out Brendon Sarpong-Wiredu’s opener, before Ciaron Brownscored in the 90th minute to clinch all three points for the U’s.
After winning three, drawing five and losing two of their last 10 league games, Oxford head into the weekend in 13th position in the League One table.
Although they are separated from the relegation zone and the playoffs by eight points, they could potentially move into the top half of the table with a win this weekend.
Oxford will be keen to offer a better showing than they did in the reverse meeting, which resulted in a dismal 3-0 defeat on Boxing Day.
Ipswich are unbeaten in their last five matches in all competitions, while they have only lost one of their previous 12 league games.
However, six of those 10 matches have finished all square, including their previous three league games following a 1-1 draw against league leaders Plymouth Argyle last weekend.
Ipswich Town looked set to claim all three points following Wes Burns’s 63rd-minute strike, but they were denied the victory by Bali Mumba’s stoppage-time equaliser.
Although they had to settle for a draw, Ipswich are still in third place and chasing automatic promotion, with four points separating them from Sheffield Wednesday, who currently sit in second position.
As well as being the highest scorers in the league, the Tractor Boys also boast the second-best away record in the third tier after picking up 25 points from their 13 away games.