Although XRP suffered a blow from lawsuit Ripple dragging on, price was predicted to improve by the end of May
While XRP price has suffered a blow from the ongoing litigation against Ripple, the crypto community remains bullish on the digital asset, predicting that it will improve by the end of May. At the time of writing, the XRP price is changing hands at $0.64056.
XRP/USD 4-hour chart | Source: TradingView
Ripple crypto community with 77% historical accuracy sets XRP price for May 31, 2022
As things settle, the CoinMarketCap crypto community predicts that the XRP token will trade at an average of $0.8188 by May 31, 2022, with 2,028 votes. In particular, the estimated price shows an increase of $0.1705 or 26.29% over the current value of the DeFi asset.
Meanwhile, the vote count of 1,070 community members at the end of June has set a target slightly lower than in May, predicting that XRP will trade at $0.8115 by June 30, up to $0.1632 or 25.18% from its price at press time.
Based on the performance of previous predictions, the crypto community predicted the month-end price of XRP with an accuracy rate of 77.57%.
Currently, XRP is trading at $0.6483, down 0.15% on the day and 14.41% over the previous seven days, according to CoinMarketCap data. At the time of publication, the total market capitalization of the token is $31.16 billion.
Meanwhile, Ripple, the software company independent of XRP but an essential player in the XRP ecosystem, is still waging a tumultuous legal battle against the United States Securities and Exchange Commission (SEC).
Recently, both parties agreed to close their briefs a few days before Christmas, effectively pushing the case to a close until 2023. Ripple had previously scheduled it to be completed by the second half of November 2022.
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