The XRP price has dropped by 2% in the past 24 hours, with its move to $0.613876 also representing a 6% drop in the past week.

Yet XRP remains up by 18.5% in the last 30 days and by 74% in the past year, with the market’s gradual recovery in 2023 – and positive outcomes in the Ripple-SEC case – helping to push the altcoin along.

The coin has also gained some extra publicity by association this week, after XRP supporters piggybacked on a widely viewed tweet from Elon Musk.

And with further market rallies likely as 2023 draws to a close, XRP could see further gains very soon.