Is There a Room for XPR to Rise by the End of 2022
A glance at XPR’s current situation
In the middle of a bear market for the S&P 500 as of Dec 2, XRP is valued at $0.3894, based on CoinMarketCap. By the start of the year, it has followed other digital currencies’ downward trend. XRP is down 90% from its highest value of $3.84 and has lost up to 55% of its value over the past year. In actuality, it is closer to the $0.10 initial price.
Early in 2021, XRP had a price increase and reached $1.59, based on data from Coinbase. It fell to about $0.38 by May 2022 and kept going to fall through the spring, falling with Bitcoin and Ethereum amid what some analysts are referring to as a “crypto winter.”
Although the outcome of the SEC lawsuit could be favorable for XRP, it would also be a major win for all digital currencies to be regarded as non-securities and exempt from the SEC’s stringent regulation.
Furthermore, Garlinghouse said to CNBC in May that after the lawsuit is over, the company will look into the possibility of an IPO.
The rest of 2022
Predictions for the XRP price for the remainder of 2022 may be impacted by the outcome of the SEC litigation and whether or not Ripple chooses to go public. Changelly estimated XRP might hit about $0.43 by December in a prediction from November, with an average projection of almost $0.41. Trading news is more upbeat about the value of Ripple by the end of the year, forecasting that it may reach $0.87 in December.
According to whether XPR defeats the SEC, a group of professionals from Finder has predicted the value of XRP for this year. By the closure of 2022, Ripple may hit $0.90, but the board predicts that if it loses its lawsuit, the value will fall to $0.24.
Based on the data from CoinMarketCap, Ripple is now the seventh-largest digital currency in this industry, behind the six top digital currencies, bitcoin, Ethereum, Tether, BNB, and USD coin, with a market valuation of $18.52 billion.