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In proper context, the 278.1% jump in March 2017 completely negated the 6.7% slump in March 2016 and the 43.3% drop in March 2018. Over the past four years, XRP has always closed March on a bullish note, jumping by 37.7% in 2021, by 4.15% in March 2022, by 43% in March 2023 and by more than 7% thus far this month.
Per the CryptoRank data, the average growth of XRP for March comes in at 19.9%, and if history repeats itself, the digital currency may grow by this percentage before the end of this first quarter.Ripple v. SEC lawsuit may shape the outlook in the long term. The lawsuit that was brought on in December 2020 has already deprived XRP of hitting its all-time high in tandem with multiple coins that have broken their individual records this month.
XRP’s utility remains its biggest fundamental and forms the basis upon which many pundits believe the coin may Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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