It was quite a long time where the whole crypto market was in the compleet control of bears. Now, since the start of this week, the market is seeing some positive signs as most of the currencies are trading in green.
Among such cryptocurrencies, XRP is among the currencies that the community is forecasting further price movements for the weekend.
One of the leading communities, the CoinMarketCap community, predicts that the Ripple’s native token, XRP will hit a target at $1.95 on or before July 31, 2022. This prediction is done based on the CoinMarketcap’s Price Estimates tool through which the crypto price predictions are made.
XRP Price To Surge By 476% By July 31
According to the community, XRP will witness an increase of $1.6115 or 476.11% from its current price action of $0.36, At the moment, 3,244 individuals have voted for the current price prediction to be hit by July 31.
The year 2022 has not been a good start for the whole crypto market and so does for the ninth largest cryptocurrency by market cap. On January 1st, 2022, XRP saw a fall from $0.84 to the current price of $0.36. This accounts for more than 59.7% drop.
The main reason for the community to predict such a price action for XRP may be due to Ripple, the software company. However, at the moment, the Ripple’s win in the long running dispute against the US Securities and Exchange Commission (SEC).
Meanwhile, in order to extend to hundreds of blockchain software professionals, especially data scientists and applied machine learning researchers, Ripple recently established a new branch in Toronto, Canada, and planned to hire 50 engineers.