$XRP $TON $BTC #MarketDownturn
馃敟馃敟馃敟 AI predicts XRP price for August 31, 2024: 馃槺馃槺馃槺馃槺馃槺 馃帀馃帀馃帀
鈾︼笍 After the long-awaited final judgment in the courtroom battle between the United States Securities and Exchange Commission (SEC) and Ripple, in which the regulator accused the blockchain company of illegally selling XRP, the token at the center of it has reacted accordingly and forecasts are even better.
As it happens, the big win for Ripple, in the form of the ruling that it has to pay only a fragment of the demanded disgorgement for institutional XRP sales, preceded a wave of enthusiasm across the cryptocurrency industry, primarily the XRP community, reflecting in the price of its token.
鈾︼笍 XRP price prediction:
In this context, the advanced artificial intelligence (AI) and machine learning algorithms deployed by the crypto market analytics and forecasting platform PricePredictions envision further, albeit modest, advances for XRP towards the end of this month, according to the data on August 8.
Specifically, the algorithm, which relies on technical analysis (TA) indicators, such as Bollinger Bands (BB), average true range (ATR), moving average convergence divergence (MACD), relative strength index (RSI), and others, predicts that XRP will reach the price of $0.638471 by August 31, 2024.
鈾︼笍 In other words, if the AI and machine learning algorithm鈥檚 XRP price prediction comes true, they would represent an increase of 3.35% from the price of the currently sixth-largest asset in the crypto sector by market capitalization, which is already pushing well over $0.61.
Indeed, XRP was at press time changing hands at the price of $0.6178, which indicates an increase of a massive 19.68% in the last 24 hours, reversing the losses incurred in the past week and advancing 1.61% during this period, as well as adding up to the 41.63% gain on its monthly chart.
