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🔥🔥🔥 Machine learning algorithm predicts XRP price on August 31, 2024: 🚀🚀🚀

📌 With the majority of assets in the cryptocurrency market having slowed down their gains in recent days, including the XRP Ledger (XRP) token, the weak situation might continue in the next several weeks, at least according to some machine learning and artificial intelligence (AI) models.

As it happens, XRP recorded a dramatic 35% price increase in July thanks to high on-chain activity that included major whale transactions and significant network growth, but the seventh-largest asset in the crypto sector by market capitalization has failed to sustain this momentum.

XRP price prediction

In this context, the advanced AI and machine learning algorithms deployed by the crypto market forecasting platform PricePredictions suggest that XRP price might continue to experience a modest decline towards the end of this month, dropping to $0.560463 on August 31, 2024, per data retrieved on August 2.

Considering this prediction, which factors in technical analysis (TA) indicators like moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others, it suggests that XRP might be changing hands at the price 1.96% lower than its current situation.

XRP price analysis

At press time, XRP was trading at $0.57168, which indicates a decline of 6.63% in the last 24 hours, a 4.48% dip across the previous seven days, while still recording an increase of 20.28% over the past month, according to the most recent chart data.

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