2024

Cryptocurrency

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 <p class="paragraph">With the majority of assets in the cryptocurrency sector experiencing a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> pullback, the trend seems to be particularly bearish for XRP. However, machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> and artificial intelligence (AI) algorithms <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a> its recovery as soon as by the end of February.</p>
 <p class="paragraph">Indeed, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of XRP could improve during February, ending up at $0.5436 on February 29, 2024, according to the projections by advanced <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion algorithms deployed at the crypto and stock analytics and <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion platform <em>CoinCodex</em><em> </em>and accessed by Finbold on January 31.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" width="1442" height="497" src="https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp" alt class="wp-image-152335" srcset="https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 1442w, https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 768w" sizes="(max-width: 1442px) 100vw, 1442px">
  <figcaption class="wp-element-caption"><em>XPR 1-month price prediction. Source: </em><em>CoinCodex</em>
  </figcaption>
 </figure>
 <p class="paragraph">Should the above forecast, based on the historical XRP <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> dataset, i.e., the positive and negative trends in the past, prove correct, it means the sixth-largest asset in the crypto sector by market capitalization would be trading at a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> 7.64% higher than currently.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">Meanwhile, XRP was at press time changing hands at $0.505, which suggests a decline of 5.41% in the last 24 hours, in addition to losing 2.53% over the previous seven days and dropping 18.45% across the past month, as the recent charts indicate.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/01/31/9ebfce2b866e8517643101c59b0b7c12.webp" alt class="wp-image-152333" srcset="https://cdn.thebittimes.com/images/2024/01/31/9ebfce2b866e8517643101c59b0b7c12.webp 1200w, https://cdn.thebittimes.com/images/2024/01/31/9ebfce2b866e8517643101c59b0b7c12.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/9ebfce2b866e8517643101c59b0b7c12.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/9ebfce2b866e8517643101c59b0b7c12.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>XRP 30-day price chart. Source: </em><em>Finbold</em>
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       <h3 class="font-bold leading-6 " id="xrp-could-go-this-high-if-it-gains-1-of-total-crypto-market-cap">XRP could go this high if it gains 1% of total crypto market cap</h3>
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 <p class="paragraph">Elsewhere, the one-month technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) gauges over at the finance and crypto monitoring platform <em>TradingView</em> are not as bullish on XRP as the machine algorithms, suggesting a ‘sell’ at 8, summarized from moving averages (MA) pointing at ‘neutral’ and oscillators in the ‘sell’ zone at 7.</p>
 <figure class="wp-block-image aligncenter"><img loading="lazy" decoding="async" width="1442" height="497" src="https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp" alt class="wp-image-152334" srcset="https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 1442w, https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/1a6a443607a005db1668382e82d79f97.webp 768w" sizes="(max-width: 1442px) 100vw, 1442px">
  <figcaption class="wp-element-caption"><em>XRP 1-month sentiment gauges. Source: </em><em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">In conclusion, the crypto asset at the center of a long-running court standoff between the United States Securities and Exchange Commission (SEC) and Ripple could increase its price soon, particularly with the blockchain company seemingly preparing for involvement in the exchange-traded fund (ETF) space.</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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-xrp-price-for-february-29-2024-tbt78369.html">https://thebittimes.com/machine-learning-algorithm-predicts-xrp-price-for-february-29-2024-tbt78369.html</a></p>

Machine learning algorithm predicts XRP price for February 29, 2024

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