As the crypto market approaches the final stretch of 2023, all eyes are on the market as investors eagerly await potential gains. XRP over . According to data from the CryptoRank portal, the average monthly return of XRP in December is estimated to increase to an impressive rate of 82.7%. If this prediction comes true, the price could be on the verge of reaching $1.1 per token.
However, closer examination reveals a nuanced reality. Over the last five years, starting in 2018, December has proven to be a rough month for XRP, with negative returns reported every year. While the mildest decline occurred in 2018, with a decrease of 2.25%, double-digit price declines were witnessed in the following years. In particular, 2020 recorded the most significant loss, with the XRP price falling by a staggering 66.5%.
Koinfinans.com As we have reported, it would be wise to focus on the median statistic to provide a more balanced perspective considering historical price trends. The median indicates a 10.4% loss for the coming month, casting doubt on the optimistic 82.7% increase.
Will XRP Repeat Price History?
While historical data can serve as a valuable guide, it is crucial to recognize XRP’s tendency to defy trends. The popular cryptocurrency showed its extraordinary performance in December 2017, gaining a staggering 820% in just one month.
The crypto community is eagerly awaiting the outcome of December.