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XRP rally near $1.63 forecast, with $1.18 bearish tail risk
CryptoSlate says XRP is trading near its Dec. 23 median forecast of $1.63, after a 9.8% 24-hour jump from an intraday low of $1.44.
XRP has rebounded toward CryptoSlate's $1.63 median forecast for Dec. 23, coming just a day after the token hit an intraday low of $1.44, the outlet said. At press time, XRP traded near $1.61 after rising 9.81% over the prior 24 hours. CryptoSlate cautioned that the model estimates a terminal closing price rather than the path the token takes to get there, with the outcome still pending until the target date.
CryptoSlate also referenced its own “Market Signal,” which scored XRP bullish at 73 out of 100 in a Sept. 25 capture, alongside a shown 14.2% gain over 30 days. The price-based score, the outlet said, measures current conditions and does not guarantee the December forecast outcome.
The forecast range, according to CryptoSlate, spans an 80th-percentile bullish scenario at $2.38 and a 20th-percentile bearish scenario at $1.18. It also noted a $0.42 extreme-tail stress marker for a severe downturn, while stating that marker is not presented as a stated outcome.
Latest closeXRP $1.574 ▲2.6%