It was a long time when the entire crypto market was under complete control of the bears. Now, since the beginning of this week, the market is seeing some positive signs as most of the currencies are trading in the green.
Among such cryptocurrencies, XRP is among the currencies that the community is predicting further price volatility for the weekend.
Coinmarketcap, one of the leading communities coinmarketcap s*****[email protected] crypto tool Follower: 0 view Profile The community predicts that Ripple’s native token, XRP, will reach the target of $1.95 on or before July 31, 2022. This prediction is based on CoinMarketcap’s price estimation tool through which crypto price predictions are made.
The price of XRP will increase by 476% by July 31
According to the community, XRP will witness a rise from the current price action of $1.6115 or 476.11% to $0.36, at the moment, 3,244 individuals have voted to effect the current price prediction by July 31.
The year 2022 hasn’t been a good start for the crypto market as a whole and the same for the ninth largest cryptocurrency by market capitalization. On January 1, 2022, XRP dropped from $0.84 to the current price of $0.36. It accounted for a drop of over 59.7%.
Software company Ripple could be the main reason why the community predicted such price action for XRP. However, for the time being, Ripple’s victory in the long-running dispute against the US Securities and Exchange Commission (SEC).
Meanwhile, to expand to hundreds of blockchain software professionals, especially data scientists and applied machine learning researchers, Ripple recently established a new branch in Toronto, Canada, with plans to hire 50 engineers.