The first month of summer is coming to an end, which means we can now look ahead to July. Especially considering how blood red June has been, and particularly the last few days, there’s nothing better than looking to the future. There is indeed hope, at least for the popular cryptocurrency XRP.
The first month of summer is coming to an end, so we can already look ahead to July. Especially considering how blood-red June has been, and in particular the last few days, there is nothing better than looking ahead. There is indeed hope, at least for the popular cryptocurrency XRP.
Based on price history data provided by CryptoRank, July has been particularly bullish for XRP over the past four years. The token’s minimum ROI in that month since 2020 was 6.91% and the maximum was 48.1%.
Gamza KhanzadaevHowever, the five years preceding the start of the new decade were not so optimistic and ended in the red. As a result, the average return on investment in XRP for all July months since the token’s inception has settled at 5.56% to date. The median, and the most accurate indicator, points to a near-neutral gain of 0.07%.
Thus, according to historical data, XRP is expected to at least “not fall” over the next month, and at most, even grow.
Bullish July confirmed for XRP?
Obviously, it is a thankless task to predict anything in the cryptocurrency market. However, June passed in full compliance with expectations from XRP’s price history, as the token lost over 8.5% in price during the month.
Denys SerhiichukIn favor of this metric as at least a reference point for XRP enthusiasts is also a relatively large sample size. After all, this digital asset is one of the oldest on the market and has been traded on exchanges for a reasonable period of time.
