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State-of-the-Art Machine Learning Algorithm Sets XRP Price for September 30, 2023

As a usual practice, crypto enthusiasts have constantly made efforts with the hope of having a glimpse of what every new month has in stock for their preferred crypto assets. 

Accordingly, it is a new month, and questions about crypto asset prices seem to arise. Among cryptocurrencies that appear to grab headlines, XRP seemed to top the charts.

Read Also: Fubon Bank Partners with Ripple to Pilot Real Estate Tokenization in Hong Kong

XRP Price Prediction: September 30

According to data retrieved on August 31 from PricePredictions, a prediction platform inspired by machine learning algorithms, XRP would most likely trade at a $0.52 price level by September 30.

In comparison with XRP’s price at the time of writing, which is approximately $0.5, it implies that the asset would spike by just 4%.

State-of-the-Art Machine Learning Algorithm Sets XRP Price for September 30, 2023
Source: PricePredictions

Notably, these price predictions stem from analyzing significant market indicators like average true range (ATR), Bollinger Bands (BB), moving average convergence divergence (MACD), relative strength index (RSI), etc. 

Why XRP Seemed To Be Grabbing Headlines?

Many present happenings and other future projected occurrences hovering around Ripple and XRP have made XRP a big topic of discussion among crypto users.

Recall that XRP registered massive spikes in market indices following the conclusion of its legal battle with the United States Securities and Exchange Commission (SEC) after Judge Torres ruled that the majority of XRP sales were non-security transactions. 

Specifically, the court verdict classified XRP programmatic sales as non-securities while Ripple sales of XRP to institutional clients were categorized as security deals. 

The SEC hopes to leverage the aspect of the ruling that classified XRP institutional sales as security; this was the basis for the filed appeal, which is already tending to another round of court appearances.

Read Also: State-of-the-art Machine Learning System Sets XRP Price For August 2023

Amid all these happenings, most crypto investors seem interested in knowing what the future price of XRP would be.

Meanwhile, Brad Galinghouse, Ripple CEO, recently disclosed plans for a party to celebrate the first court ruling that partly acquitted XRP of the charges against it by the SEC. The part would go live on September 29, as reported by TimesTabloid. 


XRP Market Printings Today 

XRP’s data on CoinGecko revealed the digital asset market capitalization to be $26,735,598,740 with a 24-hour trading volume of $1,103,449,607. 

The past week saw XRP record maximum and minimum price highs of $0.541967 and $0.502680, respectively.

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Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

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