Over the past four weeks, Ripple experienced a sharp loss of 161.41%, reflecting significant downward pressure amid a volatile cryptocurrency market. However, its performance over the past year has been more positive, with a gain of 125.19%, driven by Ripple's continued utility in cross-border payment systems and increasing institutional adoption.
Challenging outlook for XRP
Looking ahead, analysts and Trading Economics' macro models forecast a challenging outlook for Ripple. The token is projected to decrease to 0.50697 by the end of this quarter, with further declines expected to bring it to 0.43274 within a year. These predictions highlight potential headwinds, including regulatory scrutiny surrounding Ripple's legal battles with the SEC and broader market uncertainty, which may weigh heavily on investor sentiment in the coming months.
