2024

Bitcoin

Pyth Network

<div class="finbold">
 <p class="paragraph">XRP has been getting a lot of attention in recent months with many traders hoping that the cryptocurrency would finally be able to reach its old all-time highs amidst the Bitcoin (BTC)-led crypto market and a string of important victories in Ripple Labs’s legal battle against the U.S. Securities and Exchange Commission (SEC).</p>
 <p class="paragraph">Despite the wider trend and despite the hopes. XRP’s overall performance has been somewhat disappointing, prompting many to wonder will XRP ever reach $1, let alone surge toward $2, as certain technical indicators such as the relative strength index (RSI) – particularly when paired with Bitcoin’s RSI – have recently signaled.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-chart">XRP price chart</h2>
 <p class="paragraph">Indeed, despite the broad surge in the crypto market, XRP <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> is up a relatively modest 38.53% in the last 52 weeks and is actually down 13.91% in 2024. The previous 30 days of trading haven’t been much more optimistic, and the cryptocurrency declined 0.66% in the timeframe.</p>
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    </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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 <p class="paragraph">Similarly, XRP price today fell as much as 5.41% in the latest hours of trading, and its press time price stands at $0.54.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/iVKjGJfyJ7AicXOEcI2KizZFLnI5FlvvSPYNBEp2Jnl687evtULqJBfkAdOmfbBjQGbrEMNtTMwyonfEkMTOhS58j9gCM_ybD7-Vhcu6MnXue7rgbrr1f0U5ybUp52joW39gZHCaZfu3ezWHHp20Hd8" alt>
  <figcaption class="wp-element-caption">
   XRP YTD chart. Source: Finbold
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 </figure>
 <p class="paragraph">In this context, Finbold elected to consult the AI-driven predictive machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s of a platform specialized in projecting future <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s of cryptocurrencies – <em>PricePredictions</em> – on how XRP might fare over the coming 10 days.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-prediction">XRP price prediction</h2>
 <p class="paragraph">The predictive algorithms of <em>PricePredictions, </em>as it turns out, forecast that XRP will indeed start rising in the coming days. They project that the token will rise 2.8% and stand at $0.553549 on March 1, 2024.</p>
 <p class="paragraph">Additionally, the AI forecasts that the uptrend will persist into the second half of March and that, in 30 days, XRP will stand at $0.570682, having risen a total of 5.55% in the timeframe.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/DmWAEDYmwMXiJKVsYIVYqIvgGfASaRyV9FYcX_0Q3hRajaezdCRd2WIShfBs1TEP5qUtNCC_2OrIqXM3ougGNIhrW8NMg08qO9RXwLRnGEhiZ3rcZ1dGSaPTUoixDmhM2dV-X6gm3h4lqUyyZ3zAVe8" alt>
  <figcaption class="wp-element-caption">
   XRP price forecast. Source: PricePredictions
  </figcaption>
 </figure>
 <p class="paragraph">Despite the positive projections, technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) of the token obased on the cryptocurrency’s performance in the last 24 hours of trading, as well as in the last week and provided by <em>TradingView</em>, reveals it may be wiser to sell.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Jh-QRRwj2WDZnm4OJm2mQR0_v3q34pdM8Noy5wkjXnKTLrlCKPBg9uFT9zSI14ETU4baOEw4X1XfOIyOuEKOvvTVLAtctt5GswLKAxN8p_DWHW5AconHFspCX7yyTtk2m84HsQzT-sAh778mqCC_MU0" alt>
  <figcaption class="wp-element-caption">
   XRP technicals. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">Indeed, the most recent timeframe is particularly bearish as it leads to XRP being ranked as a ‘sell’ overall, with oscillators rating it as a “sell” and moving averages as a “strong sell.”</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-on-march-1-2024-tbt80386.html">https://thebittimes.com/machine-learning-algorithm-predicts-xrp-price-on-march-1-2024-tbt80386.html</a></p>

Machine learning algorithm predicts XRP price on March 1, 2024

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