XRP price history suggests an 82% gain in December, but there’s a catch.
As the crypto market approaches its home stretch of 2023, all eyes are on XRP, with investors eagerly anticipating potential gains. According to data from the CryptoRank portal, XRP’s average monthly returns are expected to surge to an impressive 82.7% in December.
If this prediction comes true, the price may be on the verge of reaching $1.1 per coin.
However, closer inspection reveals a subtle reality. Over the past five years, starting in 2018, December has proven to be a challenging month for XRP, with negative returns reported every year.
The slightest setback occurred in 2018, a 2.25% drop, while subsequent years witnessed double-digit price declines. Notably, 2020 saw the largest losses recorded, with XRP price plummeting by a staggering 66.5%.
To provide a more balanced perspective, it is wise to focus on the median statistic given historical price trends. The median suggests a 10.4% loss is likely over the next month, casting doubt on optimistic 82.7% growth.
Will XRP rewrite its price history?
While historical data is a valuable guide, it must be acknowledged that XRP has a tendency to go against trends. The popular cryptocurrency demonstrated exceptional performance in December 2017, experiencing a staggering 820% gain in just one month.
As the crypto community eagerly awaits the results in December, the XRP saga has investors on the edge of their seats with its fascinating mix of historical precedent and unpredictable nature of digital assets.
