As things stand, the CoinMarketCap crypto community is projecting that the XRP token will trade at an average of $0.8188 on May 31, 2022, with 2,028 votes. In particular, the estimated price indicates a $0.1705 or 26.29% increase from the decentralized finance (DeFi) asset’s current value. Meanwhile, the votes of 1,070 community members for the end of June have established a slightly lower goal than May’s, predicting that XRP will trade at $0.8115 on June 30, which is up by $0.1632 or 25.18% from its price at press time. Based on the performance of previous projections, the crypto community has historically predicted the month-end price of XRP with an accuracy rate of 77.57%.
XRP price analysis
Currently, XRP is trading at $0.6483, down 0.15% on the day and 14.41% across the previous seven days, according to CoinMarketCap data. At the time of publication, the total market cap of the token stands at $31.16 billion. In the meantime, Ripple, the software company independent of XRP but an important player within the XRP ecosystem, is still waging a turbulent legal battle against the United States Securities and Exchange Commission (SEC). Recently, both parties have agreed to have closing briefs a few days before Christmas, effectively pushing the lawsuit’s end to 2023. As Finbold reported, the blockchain company had previously expected its finalization by the second half of November 2022. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
