$XRP AI predicts XRP price for May 1, 2024

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As a consequence of regulatory pressure with the ongoing legal dispute between the Securities and Exchange Commission (SEC) and Ripple Labs, XRP was unable to capitalize on the 2024 cryptocurrency market rally, failing to achieve meaningful growth regardless of numerous breakout attempts. 

As of April 18, XRP price today hovers around $0.494, up by approximately 0.47% over the past 24 hours. 

However, this marginal gain is offset by the fact that the token has lost a considerable amount from of value from its market cap over the last seven days falling from above $33 billion to below $28 billion as its price decreased by 19.01% in the last week.

XRP 7-day price chart. Source: Finbold

This recent downturn has pushed the token’s market capitalization to $27.270 billion, at the time of publication.

Meanwhile, the cryptocurrency expert, known as CoinsKid, expressed a bearish view around XRP on April 17. #bitcoinhalving #Megadrop #Token2049 #write2earn🌐💹 #XPR