With the recent drop, XRP (XRP-USD) is another popular coin to check up on today, and we’re looking into the newest price projections for it.
The crypto crisis of today adds to what has already been a difficult year for the market. The crypto industry has been hit hard by volatility, with many of the top performers suffering significant losses over the previous several months.
The drop today comes after investors were alarmed by rising inflation statistics last week. This has some people concerned that the Federal Reserve would step up its efforts to combat inflation. This might mean further interest rate hikes.
With that in mind, let’s have a look at some of the most recent XRP price forecasts in the table below!
Gov Capital is first on our list, with a one-year price estimate of $1.0105108783577 for the cryptocurrency.
WalletInvestor is next, with a one-year projection of $0.617 for XRP on the website.
Finally, DigitalCoinPrice concludes our XRP price forecasts with a median estimate of 47 cents per token.
In comparison to its current trading value of about 32 cents, such price projections for XRP seem to be accurate. It’s also worth noting that, as of Monday afternoon, XRP-USD is down 11.3 percent over the previous 24-hour period.
There’s more cryptocurrency news to check at down below!
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