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

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.

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.

Source: PricePredictions

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.

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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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.