2024

Long

United

<div class="finbold">
 <p class="paragraph">As the exceptionally bullish sentiment in the cryptocurrency industry continues to push the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of its assets upward, including that of XRP, which has already surpassed the $0.65 threshold, 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> more advances in the near future.</p>
 <p class="paragraph">Indeed, the XRP token could continue to improve its price during March, potentially reaching $0.70067 by March 31, 2024 – according to the advanced price projection algorithms deployed by the crypto analytics and forecasting platform <em>PricePredictions</em>, as per the information obtained on March 4.</p>
 <figure class="wp-block-image"><img decoding="async" width="890" height="625" src="https://cdn.thebittimes.com/images/2024/03/04/bc5939a88abb8cc3136a6c9ebde78d14.webp" alt class="wp-image-158662" srcset="https://cdn.thebittimes.com/images/2024/03/04/bc5939a88abb8cc3136a6c9ebde78d14.webp 890w, https://cdn.thebittimes.com/images/2024/03/04/bc5939a88abb8cc3136a6c9ebde78d14.webp 300w, https://cdn.thebittimes.com/images/2024/03/04/bc5939a88abb8cc3136a6c9ebde78d14.webp 768w" sizes="(max-width: 890px) 100vw, 890px">
  <figcaption class="wp-element-caption"><em>XRP 1-month price forecast. Source: </em><em>PricePredictions</em>
  </figcaption>
 </figure>
 <p class="paragraph">Should this prediction, relying on indicators like the relative strength index (RSI) Bollinger Bands (BB), moving average convergence divergence (MACD), average true range (ATR), and others, prove correct, it would represent an increase of 6.26033% from the price of XRP at press time.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 </div>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">Specifically, XRP is currently changing hands at the price of $0.65939, recording an increase of 6.31% in the last 24 hours, adding up to the 23.84% advance across the previous seven days, as well as gaining 26.89% over the past month, as the most recent charts suggest.</p>
 <figure class="wp-block-image"><img decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/03/04/18bebfb84bf8bc7e1d1cb890057e414a.webp" alt class="wp-image-158660" srcset="https://cdn.thebittimes.com/images/2024/03/04/18bebfb84bf8bc7e1d1cb890057e414a.webp 1200w, https://cdn.thebittimes.com/images/2024/03/04/18bebfb84bf8bc7e1d1cb890057e414a.webp 300w, https://cdn.thebittimes.com/images/2024/03/04/18bebfb84bf8bc7e1d1cb890057e414a.webp 1024w, https://cdn.thebittimes.com/images/2024/03/04/18bebfb84bf8bc7e1d1cb890057e414a.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>XRP 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">At the same time, the sentiment towards XRP on its 1-day, 1-week, and 1-month technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) gauges is exceedingly optimistic as well, rating it as a ‘strong buy’ on the basis of its very positive oscillators and moving averages (MA), all recommending a ‘buy’ for XRP.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="297" src="https://cdn.thebittimes.com/images/2024/03/04/57ee61b8974b1a3c793cb76ed647c785.webp" alt class="wp-image-158664" srcset="https://cdn.thebittimes.com/images/2024/03/04/57ee61b8974b1a3c793cb76ed647c785.webp 1024w, https://cdn.thebittimes.com/images/2024/03/04/57ee61b8974b1a3c793cb76ed647c785.webp 300w, https://cdn.thebittimes.com/images/2024/03/04/57ee61b8974b1a3c793cb76ed647c785.webp 768w, https://cdn.thebittimes.com/images/2024/03/04/57ee61b8974b1a3c793cb76ed647c785.webp 1536w, https://cdn.thebittimes.com/images/2024/03/04/57ee61b8974b1a3c793cb76ed647c785.webp 1761w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>XRP 1-week sentiment gauges. Source: TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">It is also important to note that the price of XRP often moves in response to the developments around the legal battle that the United States Securities and Exchange Commission (SEC) is still waging against blockchain company Ripple, which it accuses of illegal sales of XRP it considers a security.</p>
 <p class="paragraph">All things considered, whether XRP truly manages to meet the machine algorithm’s expectations will depend on multiple factors, including its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action, sentiment in the wider cryptoverse, Ripple’s successes in the case against the securities regulator, and more.</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-xrp-price-for-march-31-2024-tbt81567.html">https://thebittimes.com/machine-learning-algorithm-predicts-xrp-price-for-march-31-2024-tbt81567.html</a></p>

Machine learning algorithm predicts XRP price for March 31, 2024

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