- XRP enters December with continued declines, while history shows mixed performance for the month.
- New XRP spot ETFs and shrinking exchange supply could trigger a potential supply squeeze.
- Analysts’ projections range from $4 to $10 on stronger demand.
XRP begins December with price declines after closing November on a bearish note. The token currently trades at $2.04, following a 7% dip over the past day and extending its monthly loss to 18%.
For two straight months, XRP has recorded persistent declines. For context, XRP fell 12% in October, followed by a 13.8% drop in November. Now, the asset has already registered a 5.35% decline in the first few days of the new month.
With this backdrop, many traders are turning to historical trends to understand how XRP typically performs in December.
XRP’s Price Performance in December
Historically, XRP has averaged a …
Read The Full Article Will XRP Turn Bullish or Bearish This Month? Here’s What History Says On Coin Edition.
Source: https://coinedition.com/xrp-price-december-rally-outlook-supply-shock-etf-reserves/
