In a recent significant development, a US judge handed down a ruling that determined Ripple’s XRP should not be classified as a security. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a remarkable surge in the market.
The victory was considered monumental for Ripple, as the prolonged lawsuit came to an end. However, the surge was short-lived until now.
XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.601347, with a 2% drop in value over the past 24 hours. XRP is down by 3.2% over the last 7 days and 10% up in the last 30 days. Here is our price prediction for Ripple XRP for December.
Also read: Solana (SOL) Price Prediction: November End 2023
Ripple price prediction for December 2023
Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for December. According to the analysts, XRP is forecast to reach a minimum of $0.633 and a maximum of $0.838. The average price of XRP is expected to be $0.736.
The price of XRP went as high as $0.8875 when a US judge declared that XRP is not a security. It provided a boost to the price of Ripple, and several exchanges relisted XRP. However, the price has plunged along with the whole cryptocurrency market.