XRP displayed bullish sentiments last month after it jumped from $0.43 and reached $0.53, but backtracked to $0.45. The crypto is repeatedly being rejected around $0.50 levels and is unable to breach the mark since May 2022. The Ripple community remains bearish on XRP as they voted for their estimated price prediction for November 2022. The majority of XRP holders believe that its price will not move forward this month and will mostly remain stagnant.
Investors predicted on CoinMarketCap that XRP will reach a price of $0.4632 by November 30, 2022. As per the price estimates, XRP would rise $0.01357 from its current level and go up by 3.02%. The crypto has been trading sideways and could repeat the feat in November 2022.
Also, another price estimate pointed out that investors are bearish on XRP’s prospects. The community has estimated that XRP will reach $0.03163 by the end of December 31, 2022. The price estimate is 7.03% lower than the current price and could reach its July lows, investors estimate.
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How Did Ripple (XRP) Fare In 2022?
XRP is on a decline in 2022 and was hovering around $0.83 in January this year. However, the crypto saw a steep fall during the market crash and is now positioned at $0.45. It is down nearly 46% from the beginning of January and could slip further if the markets don’t recover.
It now stands at a cumulative monthly loss of 5.80% in the last 30 days. The community believes that XRP’s price will be median and going all-in on the crypto could be a bad decision.
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At press time, XRP was trading at $0.45 and is down 0.3% in the 24 hours day trade. It is also down 86.5% from its all-time high of $3.40, which it reached in January 2018.