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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 <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
  </figcaption>
 </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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