XRP price prediction for December 31, 2022
, 2022-11-18 09:19:40,
Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.
Despite the cryptocurrency market still not being out of the woods from the recent crisis, the carnage seems to be slowing down, with XRP even tracking some minor gains and the crypto community predicting it would strengthen further by the end of the year.
Taking into account the community votes cast through the Price Estimate tool at CoinMarketCap, the collective estimate sets the price of XRP at an average of $0.4287 by December 31, 2022, according to the data retrieved by Finbold on November 18.
If the community’s predictions, which result from 970 votes cast by press time, come true, they would represent an increase of $0.04911 or +12.94% to the current price of $0.3796.
Meanwhile, the community’s bullish attitude could be ascribed to optimism surrounding the legal battle that the U.S. Securities and Exchange Commission (SEC) is waging against XRP’s issuer Ripple.
Specifically, the recent District Judge Analisa Torres’ approval of filing amici briefs by multiple parties supporting Ripple’s side had previously sent the price of XRP up 10% in just 24 hours, consolidating afterward.
XRP technical analysis
Observing the XRP technical analysis (TA), it becomes clear that it is swinging to the ‘sell’ side, with the summary on the 1-week…
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