The well-known cryptocurrency XRP is expected to end December in the black for the first time in six years, which is a dramatic divergence from its previous patterns.
Based on price history data from CryptoRank, XRP has continuously ended December lower than when it started, dating back to 2018. The worst decline was in 2020, when the token fell more than 66%.
The last time that XRP ended the twelfth month with a profit was in 2017, an exceptional year that saw an 818.9% increase in the token’s value. This incredible increase continues to be the best monthly performance in XRP’s ten-year existence.
For XRP, December is quite important, as seen by its average and median returns, which are now a phenomenal +75.4% and -4.07%, respectively. This stark difference highlights how erratic XRP was in the last month of the year.
XRP ends Q4, 2023, on high note
The most recent data for December 2023 shows a 1.9% growth that is notable despite being small, which bodes well for the well-liked coin over the month.
In spite of the possibility that the XRP price would not sustain profitability by the end of December, the overall outlook is still positive. As it turns out, XRP is doing well in the last quarter of 2023, ending the quarter with a respectable gain of 20.4%.
For the token, this is the second-most lucrative quarter of the year and a significant break from the pattern of declining fourth quarters since 2017.
