There is a decrease in the value of XRP and there is a possibility that this decrease will continue in December.
If the XRP price continues its current trend, the asset’s trajectory may follow history.
The price of the asset is trading at $0.61 at the time of writing, down 2.7 percent since last week.
Cryptorank’s data indicated that unless there is a significant intervention in XRP’s price outlook, the value of the asset may trend downward by the end of December.
Historically, it is noticeable that December is generally negative for XRP. The asset closed December with an increase only in 2014, 2015 and 2017.
Since XRP was going through a good period, December was expected to be among the exceptional months. However, Ripple’s native token quickly lost its gains and currently remains under pressure from bears.
The course of the case between Ripple Labs and the US Securities and Exchange Commission is of great importance for XRP to turn the situation around. XRP bulls could also benefit from current market sentiment in the event of a potential approval of a spot Bitcoin ETF.
