Beware At the End of 2023, XRP Will Make Investors Cry!

<p>&nbsp;"It's so sad, does that mean the price of XRP will go down again?"</p><p><br /></p><p>Jungle, a prominent analyst in the Ripple (XRP) cryptocurrency community revealed that in fact people who believed he was against the digital asset were completely untrue.</p><p><br /></p><p>This is because Jungle has previously acknowledged the victory achieved by XRP in the legal battle, but he also said that it is only the beginning of the healing process for the crypto market.</p><p><br /></p><p>Jungle added that investors should be careful as 2023 draws to a close as he does not believe XRP will make a spectacular move at the end of the year.</p><p><br /></p><p><br /></p><p>In addition to economic factors as the basis of his doubts, the analyst also asserted that the current financial climate has been the reason why XRP has to face various challenges plus the Federal Reserve (Fed) that wants to raise interest rates.</p><p><br /></p><p>The streak, Jungle views the situation is not the right time to allow XRP to grow robustly in 2023.</p><p><br /></p><p>Despite this, Jungle who shared some positive developments for the crypto market highlighted the main drivers that could contribute to the short-term growth of digital assets.</p><p><br /></p><p>Among some of the factors are the involvement of giant institutions like BlackRock and Fidelity in getting new investors, the potential progress in crypto regulation and the importance of the BTC halving that will happen in early 2024.</p><p><br /></p><p>Not only that, XRP also has the potential to grow following the continued development of XRP Ledger (XRPL) and automated market capabilities on XRPL but its price is currently still seeing a 1.77% investment at $0.47.</p>