Ripple (XRP) Future Forecast: Price Prediction for Mid-December 2023

• XRP No Longer Classified as Security by US Judge
• Impact on XRP Market Value
• Mid-December XRP Price Prediction
• Aftermath of the Ruling

XRP No Longer Classified as Security by US Judge

In a recent landmark ruling, Ripple's XRP$0.620 -1.68% was deemed not to be a security by a US court. While the lawsuit still remains unresolved with no definitive end date, this crucial shift had a significant impact on XRP's market value.

Impact on XRP Market Value

The ruling, seen as a major win for Ripple, resulted in a notable market surge for XRP. Despite this, the rise in value was not sustained. Relative to other alternative cryptocurrencies, XRP's market value remains less impressive. Currently, XRP is traded at $0.613157, marking a 4% decrease in value over the last 24 hours. Nevertheless, XRP has seen an overall increase of 2.4% over the past week, while its value has marginally declined by -1.4% over the past month.

Mid-December XRP Price Prediction

Cryptocurrency analysts have provided their price forecast for Ripple's XRP for mid-December. Analysts from Changelly project XRP to reach a minimum value of $0.618, with a potential maximum of $807, and an average price of $0.713. This prediction comes after XRP's value soared to a high of $0.8875, following the declaration by a US court that XRP is not a security.

Aftermath of the Ruling

Several exchanges responded to the court's decision by relisting XRP, giving a boost to Ripple's price, but this was followed by a subsequent plunge in value. Regardless of Ripple's performance, the overall cryptocurrency market appears to be performing positively.

Edited by Jonathan Stoker