According to U.Today, as June draws to a close, cryptocurrency enthusiasts are looking ahead to July, particularly for the popular cryptocurrency XRP. Historical price data from CryptoRank indicates that July has been a bullish month for XRP over the past four years. The minimum return on investment (ROI) for the token in that month since 2020 was 6.91%, and the maximum was 48.1%.
However, the five years preceding 2020 were not as positive, with XRP ending in the red. Consequently, the average ROI for XRP in all Julys since the token's inception has settled at 5.56%. The median, a more accurate indicator, signals an almost neutral gain of 0.07%.
Based on this historical data, it is expected that XRP will, at the very least, maintain its value in the coming month, and could potentially even see growth. However, it is important to note that predicting the crypto market is notoriously difficult. Despite this, June's performance was in line with XRP's price history, with the token losing more than 8.5% in value over the course of the month.
Supporting the use of this metric as a benchmark for XRP enthusiasts is the fact that XRP is one of the oldest digital assets on the market and has been traded on exchanges for a significant period of time.
