IMPORTANT POINTS:
XRP is the only cryptocurrency in the Top 10 that accumulates losses in 2024. What price has AI set for the end of this month?
The SEC recently revived its legal conflict against Ripple, after establishing a million-dollar fine.
The prediction of artificial intelligence is not bullish, but quite the opposite. However, some analysts claimed that XRP broke its downward trend.
The legal battle between the United States Securities and Exchange Commission (SEC) and Ripple seems to have no end in the short term.
The SEC filed a Notice of Appeal urging Ripple to pay a fine of $125 million for selling XRP to institutional buyers.
It is clear that the current situation of XRP is critical. So much so that it is the only cryptocurrency in the Top 10 that accumulates losses so far this year, with a drop of 15%, according to CoinMarketCap.
What does AI say about the future price of XRP?
Finbold asked the artificial intelligence analysis platform PricePredictions how much the Ripple token will be worth by October 31.
The AI did not set a bullish scenario but instead set a price of $0.48, when it is currently trading at $0.52.
However, analysts do believe that XRP will rise in the long term. Dark Defender, for example, believes that the battle against the SEC will not affect its future price and that XRP will be located at $0.66.
Another expert called Charting Guy indicated that XRP broke its 3.5-year bearish trend, so it could begin to bounce at these levels if the global outlook supports it.
