2024

CRYPTO

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 <p class="paragraph">Although the majority of assets in the cryptocurrency market have recorded modest growth or at least consolidation of their previous gains in recent weeks, XRP (XRP) has been stuck in a relentlessly negative <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trend, and machine learning and artificial intelligence (AI) algorithms are not optimistic.</p> 
 <p class="paragraph">As it happens, the <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of XRP has declined over 15% since the year’s turn, as well as recording continuous declines in past days and weeks, and only recently managing to slightly turn the tide and start the day in the green <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> zone in what seems to be a late reaction to the rest of the market’s moves.</p> 
 <h2 class="wp-block-heading" id="h-xrp-ripple-price-prediction">XRP/Ripple price prediction</h2> 
 <p class="paragraph">Meanwhile, in terms of its future <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action,&nbsp;the advanced machine learning algorithm over at the crypto analytics and forecasting platform <em>PricePredictions</em> has projected that XRP would continue to drop, hitting the <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.448403 on June 30, 2024, according to the data obtained on June 4.</p> 
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"> <path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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  <img decoding="async" width="800" height="343" src="https://cdn.thebittimes.com/images/2024/06/04/36c8fe7d689242c7840b4cd13c8ee93e.webp" alt="30-day XRP price prediction. Source: PricePredictions" class="wp-image-180659" srcset="https://cdn.thebittimes.com/images/2024/06/04/36c8fe7d689242c7840b4cd13c8ee93e.webp 800w, https://cdn.thebittimes.com/images/2024/06/04/36c8fe7d689242c7840b4cd13c8ee93e.webp 300w, https://cdn.thebittimes.com/images/2024/06/04/36c8fe7d689242c7840b4cd13c8ee93e.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
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   <em>30-day XRP price prediction. Source: </em><em>PricePredictions</em>
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 <p class="paragraph">Indeed, should the algorithm’s predictions, which draw upon technical analysis (TA) indicators like relative strength index (RSI), moving average convergence divergence (MACD), and others, come true, they would reflect a decline of&nbsp;13.83% from XRP’s current situation.</p> 
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2> 
 <p class="paragraph">At press time, XRP <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> stood at $0.52035, suggesting an increase of 0.10% on the day while dipping 1.51% across the past week and recording a loss of 1.59% in the last month, as per the most recent chart data retrieved by Finbold on June 4.</p> 
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  <img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/06/04/5e99ce0d9e3de9574833b3d32b65ea0a.webp" alt="XRP price 24-hour chart. Source: Finbold" class="wp-image-180657" srcset="https://cdn.thebittimes.com/images/2024/06/04/5e99ce0d9e3de9574833b3d32b65ea0a.webp 750w, https://cdn.thebittimes.com/images/2024/06/04/5e99ce0d9e3de9574833b3d32b65ea0a.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
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   <em>XRP price 24-hour chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">So, why is XRP dropping? Notably, the reason behind XRP’s poor <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action in recent days and weeks could be the bearish sentiment from the possibility of Ripple selling 400 million XRP in June, which would represent the largest drop in seven years and potentially shake XRP’s market dynamics.</p> 
 <p class="paragraph">On the other hand, a renowned pseudonymous crypto trading expert <em>EGRAG CRYPTO </em>has recently observed the possibility of a major move upwards for XRP based on two key chart patterns – the White Channel and the White Triangle – which could lead its market capitalization toward a whopping $3 trillion.</p> 
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  <img loading="lazy" decoding="async" width="800" height="330" src="https://cdn.thebittimes.com/images/2024/06/04/e87df56f0c250dd2ade580e3db441625.webp" alt="XRP price action analysis. Source: EGRAG CRYPTO" class="wp-image-180658" srcset="https://cdn.thebittimes.com/images/2024/06/04/e87df56f0c250dd2ade580e3db441625.webp 800w, https://cdn.thebittimes.com/images/2024/06/04/e87df56f0c250dd2ade580e3db441625.webp 300w, https://cdn.thebittimes.com/images/2024/06/04/e87df56f0c250dd2ade580e3db441625.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption">
   <em>XRP price action analysis. Source: </em><em>EGRAG CRYPTO</em>
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 <p class="paragraph">Adding the current optimism regarding Ripple’s courtroom battle with the United States Securities and Exchange Commission (SEC) into the mix, the crypto industry analyst’s exceedingly bullish predictions regarding XRP’s market value in the next year could, indeed, come true.</p> 
 <p class="paragraph">All things considered, XRP might indeed follow the path predicted by the machine learning algorithm, although the above expert has differing views, illustrating the importance of doing one’s own research when investing in any asset, crypto or otherwise.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ai-sets-xrp-price-for-june-30-2024-tbt91252.html">https://thebittimes.com/ai-sets-xrp-price-for-june-30-2024-tbt91252.html</a></p>

AI sets XRP price for June 30, 2024

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