In a recent noteworthy development, a U.S. judge issued a ruling stating that Ripple’s XRP should not be categorized as a security. Despite this crucial decision, the ongoing lawsuit has yet to reach a conclusive resolution, prolonging the uncertainty.
Following this pivotal legal development, XRP witnessed a significant surge in the market, marking a momentous victory for Ripple as the protracted legal battle seemed to conclude. However, the surge proved to be short-lived. Presently, XRP’s price lags behind that of other alternative coins, currently trading at $0.601347, reflecting a 2% decline in value over the past 24 hours.
Over the last 7 days, XRP has experienced a 3.2% decrease while showing a 10% increase in the last 30 days. As we delve into our forecast for Ripple XRP in December, the market dynamics and legal uncertainties continue to play a crucial role in shaping its future trajectory.
Ripple (XRP) Price Prognosis for December 2023
Changelly’s cryptocurrency specialists have offered their December price forecast for Ripple XRP. As per their analysis, XRP is anticipated to achieve a minimum of $0.633 and a maximum of $0.838, with an average projected price of $0.736. The value of XRP reached a peak of $0.8875 following a U.S. judge’s declaration that XRP is not classified as a security.
This announcement provided a substantial uplift to Ripple’s price, prompting the relisting of XRP on several exchanges. However, the subsequent decline in price has coincided with the broader downturn in the cryptocurrency market.