Predict XRP Price on November 30, 2022

warning: CoinMarketCap’s crypto community price estimation is based solely on the votes of its users. Estimates do not guarantee prices at the end of the month.

The cryptocurrency market has made questionable progress in recent days, but investors in Ripple’s XRP token are generally optimistic about positive price action by the end of November.

As it happens, the majority of the crypto community in CoinMarketCap It expects XRP to trade at an average price of $0.4632 on November 30, 2022, according to data collected via the platform’s price estimator on October 31.

to me 1,346 votes At press time, the community expects the DeFi token to increase by $0.01357, or 3.02%, by the end of November from its current price of $0.4496.

XRP Social Price Estimate for November 30, 2022. Source: CoinMarketCap

However, watching the long-term price forecast shows that the crypto community is trending lower on the XRP price by the end of the year, and is expected to trade at $0.418 on December 31, which is $0.03163, or 7.03% below the XRP price. XRP at the time of publication.

XRP Price Analysis

As it stands, XRP is trading at $0.4496, which is a decrease of 2.76% from today, as well as 0.33% from the previous week, adding to the accumulated monthly loss of 5.80%.

Since the start of 2022, the price of this token has followed a bearish pattern recorded by most digital assets, dropping by 45.83% from the $0.83 price on January 1, 2022, according to data retrieved by Coinphony on October 31.

XRP price chart year-to-date (Year Start). source: quinphone

Bearish vs. bullish factors

Recently, the XRP community came under fire from Cardano (ADA) founder Charles Hoskinson, who accused him of spreading conspiracies surrounding the ongoing case between Ripple and the US Securities and Exchange Commission (SEC).

As a reminder, Ripple’s legal team recently posted a small profit after a court overturned the SEC’s attempt to block the delivery of emails from former agency director William Hinman, who said that Bitcoin (BTC) and Ethereum (ETH) are not securities.

Ripple has previously stated that it will address this issue and pay a fee if the Securities and Exchange Commission (SEC) rules that XRP is not a security. However, it seems unlikely that a solution will be found at this time.

However, there is one event that seems quite likely. Ripple’s win could send the price of XRP up as investors finally celebrate the victory after two years.

Meanwhile, on October 27, Ripple reported that its XRP token holdings had fallen below 50 billion tokens or 50% of the total supply in circulation, as well as refuting claims that the company’s XRP ownership gave it central control over the XRP Ledger.

warning: The content of this website should not be considered as investment advice. Investments are speculative. When you invest, your capital is at risk.

XRP price predictions after November 30, 2022 first appeared on Coinphony.

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