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The XRP price may follow history if its price continues on its current bearish path. The digital currency’s price is&nbsp;<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">pegged at $0.615</a> at the time of writing, down by 2.67% within 24 hours. The current outlook of XRP has stirred a slip in its price over the past week, where it is down by 2.7%.
Data from Cryptorank shows that if there is no drastic intervention in the XRP price outlook, the cryptocurrency may end December on a bearish note, marking the fifth consecutive time such an event will play out.&nbsp;
Historically, December has not been favorable to XRP, with the coin closing the month just three times over the past decade. Besides 2014 when it closed up 118.1%, 2015 when it recorded a 43.8% growth and 2017 when it ended up 818.9%, other Decembers have been marked by massive drawdowns. <img data-entity-type="file" data-entity-uuid="63501dae-06da-4e90-8454-5d5ec1ff0420" src="https://u.today/sites/default/files/inline-images/XRP%20Chart%205.png">XRP Historic Chart. Source: <a href="https://cryptorank-images.s3.eu-central-1.amazonaws.com/snapshots/455000d7df5852a947a1c6d0.png" rel="noopener noreferrer nofollow">Cryptorank</a>
This month was supposed to be an exception as XRP started on a very promising footing&nbsp;<a href="https://u.today/xrp-hits-emergency-brakes-what-happened-with-price" rel="noopener noreferrer nofollow">until bear action took over</a>. Effectively, the digital currency gave away its gains, and is currently buckling under the pressure of the bears.
<h2 id="drastic-xrp-turnaround-needed">Drastic XRP turnaround needed</h2>
Despite the menacing 16.9% negative close of XRP in December 2022, the coin has what it takes to change the trend moving forward. At the moment, the Cryptorank data pegs its performance at 0.94%.
<a href="https://u.today/ripple-and-large-whales-millions-in-xrp-sales-now-at-loss-heres-reason" rel="noopener noreferrer nofollow">Current metrics are down</a>, including the trading volume being bearish, down 11% overnight to $1,469,837,927. As it stands, XRP has to devise further motivation to power its growth to buck the bearish trend and create a new historical path.
With the Ripple Labs v. SEC lawsuit almost at its tail end, XRP bulls may prove smart by capitalizing on&nbsp;<a href="https://u.today/vaneck-predicts-24-billion-influx-into-bitcoin-etfs-in-early-2024" rel="noopener noreferrer nofollow">current market sentiment</a> surrounding its likely approval of a spot Bitcoin Exchange Traded Fund (ETF) products.

Historical XRP Price Pattern Set to Play Out Again, Is XRP Safe?

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