Based

Cryptocurrency

Wolf of Wall Street

<div class="finbold">
 <p class="paragraph">As the beginning of the new year brings renewed optimism and a reset of the trader’s sentiment, this period might provide a potential opportunity for traders to seek out potential investments.</p>
 <div></div>
 <p class="paragraph">XRP (XRP), ranked the sixth-largest cryptocurrency by market capitalization, emerges as a top pick for investment. During this period, market trends often exhibit a bullish sentiment, influenced by factors such as an overall optimistic outlook for the beginning of the year.</p>
 <p class="paragraph">What substantiates this claim? In addition to its existing market standing, XRP demonstrates the potential for continued expansion, driven by technological advancements, acceptance by financial institutions, or positive regulatory developments of Ripple, the closely affiliated company with XRP.</p>
 <p class="paragraph">Considering these dynamics, Finbold utilized <em>CoinCodex</em> for its AI-driven machine-learning algorithms. These algorithms thoroughly evaluate the fluctuating market conditions and analyze pertinent indicators to predict the probability of XRP experiencing gains by the end of January.</p>
 <figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="904" height="429" src="https://cdn.thebittimes.com/images/2024/01/01/516b577e9ad16f1f44233d57ce104a50.webp" alt="XRP price prediction for January 31. Source: CoinCodex
" class="wp-image-146081" srcset="https://cdn.thebittimes.com/images/2024/01/01/516b577e9ad16f1f44233d57ce104a50.webp 904w, https://cdn.thebittimes.com/images/2024/01/01/516b577e9ad16f1f44233d57ce104a50.webp 300w, https://cdn.thebittimes.com/images/2024/01/01/516b577e9ad16f1f44233d57ce104a50.webp 768w" sizes="(max-width: 904px) 100vw, 904px">
  <figcaption class="wp-element-caption">
   XRP price prediction for January 31. Source: CoinCodex
  </figcaption>
 </figure>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/03eaafeee5222dad3476cd4bf1aeac05.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="january-s-crypto-hotlist-top-3-picks">January’s crypto hotlist: Top 3 picks</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/dd8de8492aa538900e5312b391be18ad.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="revealed-elon-musk-s-investment-portfolio-in-2023">Revealed: Elon Musk's investment portfolio in 2023</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/58f4acf5e34446fd0cc4942e06547ceb.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="wolf-of-wall-street-j-belfort-s-market-predictions-for-2024">Wolf of Wall Street J. Belfort’s market predictions for 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/630c05d78db46c3413563f89568e726f.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="expert-bitcoin-s-parabolic-rally-could-begin-if-this-resistance-is-breached">Expert: Bitcoin's parabolic rally could begin if this resistance is breached</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/fdd90fd843a9510255c95187b3717d4b.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="top-3-cryptocurrencies-of-2023-with-the-biggest-gains-of-the-year">Top 3 cryptocurrencies of 2023 with the biggest gains of the year</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">The algorithms project that XRP will increase to $0.664180 by the end of January, representing a 4.73% increase from the current asset <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at publication.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">Based on a recent <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, XRP has formed a potentially significant bull flag on the monthly chart, tracing its peak of $3.84 in 2018. Despite encountering challenges like the 2020 SEC lawsuit hindering its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> recovery, XRP’s overall performance has led to the emergence of this notable bullish pattern.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="559" src="https://cdn.thebittimes.com/images/2024/01/01/2f5b422b0d47f9dbd7cfea7af3c6a29b.webp" alt="XRP moving averages chart. Source: TradingView" class="wp-image-146082" srcset="https://cdn.thebittimes.com/images/2024/01/01/2f5b422b0d47f9dbd7cfea7af3c6a29b.webp 1024w, https://cdn.thebittimes.com/images/2024/01/01/2f5b422b0d47f9dbd7cfea7af3c6a29b.webp 300w, https://cdn.thebittimes.com/images/2024/01/01/2f5b422b0d47f9dbd7cfea7af3c6a29b.webp 768w, https://cdn.thebittimes.com/images/2024/01/01/2f5b422b0d47f9dbd7cfea7af3c6a29b.webp 1507w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP moving averages chart. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">This emergence has led to the subsequent breaking of the resistance zone of XRP, which was set at $0.650, per an X post from this crypto news reporter <em>XRP Whale</em> on December 28.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$XRP BROKE RESISTANCE! PUMPING HARD! GO!#XRP pic.twitter.com/Dq0erm8fXs</p>— XRP whale (@realXRPwhale) December 28, 2023
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">At the time of press, XRP was trading at $0.63361, representing a decrease of -0.22% in the previous 24 hours. These losses come after a week when this crypto added 1.55% of its value, adding to a 3.63% increase over the 30 days.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-xrp-price-for-january-31-2024-tbt75288.html">https://thebittimes.com/machine-learning-algorithm-sets-xrp-price-for-january-31-2024-tbt75288.html</a></p>

Machine learning algorithm sets XRP price for January 31, 2024

Table of Contents

TheBitTimes

Other articles published on Jan 1, 2024

Solana (SOL) Price History Alerts 70% Potential Upside in Next 30 Days

Will Bitcoin ETF Approval Lead to a Price Drop?

An Anonymous Sender Transfer Massive Dogecoin (DOGE) To Coinbase

Bitcoin Eyes January Gains Despite Historic Downside Risks: Analyzing BTC Price Reactions Followi...

Tellor up 39% from yesterday, analyst points to manipulation

AI-Enhanced Ultrasound Breaks New Ground in Precise Brain Treatment

Join our free newsletter for daily crypto updates!