This Machine Learning Tool Was Asked To Predict XRP Price, Here’s What It Said

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	4,317,987,043	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

4,317,987,043

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.320	-3.29%	9.42	9.42	9.43

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.320

-3.29%

9.42

9.43

High Price	Low Price	Open Price	Prev. Close	52 Week Range
9.85	9.26	9.75	9.74	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

9.85

9.26

9.75

9.74

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:33:23	100.00	9.41	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:33:23

100.00

9.41

USD

Price x Volume	Volume	Base Symbol	Related Pairs
4,716,842.92	492,164.24	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

4,716,842.92

492,164.24

This Machine Learning Tool Was Asked To Predict XRP Price, Here’s What It Said

29/07/2023 2:00pm

NEWSBTC

XRP has been one of the trending tokens following the summary judgment which ruled that the token was not a security, giving its parent company, Ripple, a ‘partial victory’ over the United States Securities and Exchange Commission (SEC). That event saw XRP’s price soar to about $0.93. However, XRP’s price seems to have cooled off, settling at the $0.7 price mark. Despite this, there still seems to be bullish sentiment around XRP’s future price, which is why this Machine Learning tool was consulted to predict XRP’s price. Here’s What It Said PricePredictions.com, a site powered by an advanced machine learning algorithm that provides current and futuristic trends about several tokens, was consulted in a bid to get an insight into XRP’s future price and to better position themselves in case of a rally by the token. Related Reading: Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP? According to XRP’s futuristic price action, the AI tool forecasts that there will be an upward trend that will see XRP gain about 1.5% in value from its current price of $0.7. It has also been projected that XRP will hit the price mark of $0.71 by August 26, 2023. For insight into how the machine learning tool works, the algorithm analyzes current technical analysis (TA) indicators, like moving average convergence divergence (MACD), average true range (ATR), relative strength index (RSI), and Bollinger Bands (BB) to come up with a logical price forecast. XRP price trending at $0.7 | Source: XRPUSD on Tradingview.com XRP Has Come A Long Way Ripple Lab’s aforementioned victory over the SEC undoubtedly sparked significant interest in XRP, especially from institutional investors, seeing the token rise above Circle’s USDC and Binance’s BNB to become the fourth-largest cryptocurrency by market cap. This took XRP’s market capitalization to a yearly high of $46.1 billion at the time of the ruling that it wasn’t a security (XRP’s market currently stands at around $37 billion according to data from CoinMarketCap). Related Reading: Bitcoin Whales Make Alarming Deposits To Exchanges Amid Falling Prices XRP also became the most actively traded altcoin in 2023. The token accumulated over $1 billion in trading volume, outperforming other altcoins like BNB, SOL, MATIC, and DOGE. Although XRP is still far below its all-time high of $3.84 in 2018, it has undoubtedly had an impressive market trend lately, and it is projected that many more users will continue to pick an interest in the token and ultimately promote wider adoption. Featured image from iStock, chart from Tradingview.com

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ICPUSD Internet Computer