Community Ambitious: Ripple Price Will Fly In July!

After a long period of decline, the cryptocurrency market is finally recovering and most of its holdings are in one of the largest tokens by market cap. Ripple It is also trading in the green, leading the crypto community to predict that the end of July price will recover further.

Using the “Price Predictions” tool, which allows users of the platform to make crypto price predictions, the CoinMarketCap community has shown that the XRP price will trade at an average of $1.95 on July 31, 2022, according to the latest forecasts.

The number of people who participated in the said survey, who predicted that the price of Ripple will rise 476.11% from the current price of $ 0.3385 to $ 1.6115, was recorded as 3,244.

Ripple

Since the start of the year, XRP has followed a bearish pattern, dropping from $0.84 on January 1 to $0.3385, which is exactly where it was at publication time, which was a 59.7% drop during the observed timeline.

At the time of writing, the total market cap of XRP stood at $16.9 billion.

The optimism of the community is that software company Ripple, which is independent of XRP but a major player in the XRP ecosystem, expressed disappointment over the inconsistent statements of regulators by Judge Sarah Netburn. U.S. Securities and Exchange Commission(SEC) may be due to his expectations of winning the lawsuit.

As Koinfinans.com previously reported, in late June, Ripple opened a new office in Toronto, Canada, and plans to hire 50 engineers in pursuit of its expansion goals to hundreds of blockchain software developers, including data scientists and applied machine learning scientists.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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