{"id":544992,"date":"2023-07-29T13:00:34","date_gmt":"2023-07-29T13:00:34","guid":{"rendered":"https:\/\/wncen.com\/?p=544992"},"modified":"2024-06-11T07:55:14","modified_gmt":"2024-06-11T07:55:14","slug":"ai-tool-was-asked-to-predict-xrp-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ai-tool-was-asked-to-predict-xrp-price\/","title":{"rendered":"This Machine Learning Tool Was Asked To Predict XRP Price, Here\u2019s What It Said"},"content":{"rendered":"

XRP has been one of the trending tokens following the summary judgment which ruled that the token was not a security<\/a>, giving its parent company, Ripple, a \u2018partial victory\u2019 over the United States Securities and Exchange Commission (SEC). That event saw XRP\u2019s price soar to about $0.93.\u00a0<\/span><\/p>\n

However, XRP\u2019s price seems to have cooled off, settling at the $0.7 price mark. Despite this, there still seems to be bullish sentiment around XRP\u2019s future price, which is why this Machine Learning tool was consulted to predict XRP\u2019s price.\u00a0<\/span><\/p>\n

Here\u2019s What It Said<\/h2>\n

PricePredictions.com<\/span>, 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\u2019s future price and to better position themselves in case of a rally by the token.<\/span><\/p>\n

Related Reading: Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?<\/a><\/div>\n

According to XRP\u2019s futuristic price action, the AI tool <\/span>forecasts<\/span><\/a> 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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Ripple<\/p>\n

XRP price trending at $0.7 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
XRP Has Come A Long Way<\/h2>\n
Ripple Lab\u2019s aforementioned victory over the SEC undoubtedly sparked significant interest in XRP, especially from institutional investors, seeing the token rise above Circle\u2019s USDC and Binance\u2019s BNB to become the fourth-largest cryptocurrency by market cap. <\/span><\/p>\n
This took XRP’s market capitalization to a yearly high of $46.1 billion at the time of the ruling that it wasn\u2019t a security (XRP\u2019s market currently stands at around $37 billion according to data from <\/span>CoinMarketCap<\/span><\/a>).<\/span><\/p>\n
Related Reading: Bitcoin Whales Make Alarming Deposits To Exchanges Amid Falling Prices<\/a><\/div>\n
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.<\/span><\/p>\n
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.<\/span><\/p>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n
\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
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 \u2018partial victory\u2019 over the United States Securities and Exchange Commission (SEC). That event saw XRP\u2019s price soar to about $0.93.\u00a0 However, XRP\u2019s price seems to have cooled off, settling at the $0.7 price mark. Despite this, there still seems to be bullish sentiment around XRP\u2019s future price, which is why this Machine Learning tool was consulted to predict XRP\u2019s price.\u00a0 Here\u2019s 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\u2019s 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\u2019s 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\u2019s aforementioned victory over the SEC undoubtedly sparked significant interest in XRP, especially from institutional investors, seeing the token rise above Circle\u2019s USDC and Binance\u2019s 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\u2019t a security (XRP\u2019s 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 \u00a0<\/p>\n","protected":false},"author":594,"featured_media":544994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,13172,10972,78763],"class_list":["post-544992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nThis Machine Learning Tool Was Asked To Predict XRP Price, Here\u2019s What It Said<\/title>\n<meta name=\"description\" content=\"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\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Machine Learning Tool Was Asked To Predict XRP Price, Here\u2019s What It Said","url":"http:\/\/wncen.com\/news\/ripple\/ai-tool-was-asked-to-predict-xrp-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/ai-tool-was-asked-to-predict-xrp-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1363462648.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1363462648.jpg?fit=2121%2C1414"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp","xrp price","xrpusd","xrpusdt"],"dateCreated":"2023-07-29T13:00:34Z","datePublished":"2023-07-29T13:00:34Z","dateModified":"2024-06-11T07:55:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Machine Learning Tool Was Asked To Predict XRP Price, Here\\u2019s What It Said\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ai-tool-was-asked-to-predict-xrp-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ai-tool-was-asked-to-predict-xrp-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1363462648.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1363462648.jpg?fit=2121%2C1414\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-07-29T13:00:34Z\",\"datePublished\":\"2023-07-29T13:00:34Z\",\"dateModified\":\"2024-06-11T07:55:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1363462648.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/544992"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=544992"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/544992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/544994"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=544992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=544992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=544992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}