The past few weeks saw XRP print remarkable market trends and price indices following the summary judgment that exonerated Ripple, the major distributor of XRP, of almost all significant charges levied against it by the United States Securities and Exchange Commission (SEC).
Although XRP declined from about the $0.93 price mark achieved a few hours after Judge Torres’ celebrated summary ruling to about the $0.722706 price level today. Despite the fall in price, a great percentage of the crypto community seems to share similar bullish sentiments on XRP’s future price.
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Read Also: Google Bard Predicts State of XRP Price After Ripple’s Legal Victory
In a bid to learn more about XRP’s futuristic price trends, PricePredictions.com, a renowned price prediction engine powered by dependable machine learning algorithms, got consulted to give a glimpse of RP’s futuristic price predictions.
What the AI Tool Says about XRP Price in August
Per data from the crypto price reduction model, an uptrend of about 1.5% appears tenable from the XRP’s current price. At the same time, the token is projected to hit a price level valued at $0.71 by 26 August 2023.
For context, it bears mentioning that the AI tool operation mode of price prediction always incorporates prevalent technical analysis (TA) indicators, such as average true range (ATR), Bollinger Bands (BB), moving average convergence divergence (MACD), and relative strength index (RSI), etc to come up with realistic price forecasts.
Read Also: ChatGPT Elaborates On What Ripple’s Victory Means For XRP Price
XRP Attains Remarkable Feat
By accumulating over $150 million in trading volume, XRP has succeeded in out-performing top altcoins like Solana (SOL), Dogecoin (DOGE), Binance Coin (BNB), and Polygon (MATIC) to become the number one traded altcoin in 2023.
Meanwhile, per CoinGecko, XRP is on the watchlist of 563,711 users and is ranked 4th below top crypto projects that include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). XRP’s market trends have been impressive so far, and this seems to be attracting more users and enhancing the token’s adoption.
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