After accidentally dropping in price briefly as TV personality Jim Cramer commented with cautious optimism on the ongoing lawsuit between the US Securities and Exchange Commission (SEC) and the blockchain company, XRP is back, and machine algorithms are suggesting further upside.
In fact, XRP continued to recover even as the largest cryptocurrency by market cap, (BTC), posted losses; Cryptocurrency traders and investors are watching carefully for any indications that enhanced growth is in place.
With this in mind, we consulted the machine learning algorithms in the PricePreditions tracking platform. as it happens ; Algorithms using artificial intelligence (AI) technology predict that XRP will trade at 0.561968 on April 30, 2023, according to the latest data retrieved on March 31.
Specifically, this projection, which represents an increase of 4.068% from the price of XRP at the time of publication ; It is based on technical analysis (TA) indicators, such as Moving Averages (MA), Moving Average Convergence Convergence (MACD), Bollinger Bands (BB), and Relative. Force Index (RSI), Average True Range (ATR), and others.
XRP Price Analysis As it stands, XRP is currently trading at $0.54, registering an increase of 0.48% from today; As well as a more significant gain of 19.47% during the previous week, adding to a gain of 41.51% on a monthly basis. Graph, as recent data indicates.
Meanwhile, XRP sentiment in intraday metrics on financial and cryptocurrency watchdog website TradingView is upbeat. Specifically, his summary states Buy at 14 ; It is the result of oscillators indicating “sell” at 3 and moving averages in the “strong buy” area at 13.
It should also be noted that XRP’s social dominance jumped to its highest level in a year after XRP price jumped past the psychological level of $0.49 for the first time since November 6, followed by its continuation to $0.50 and beyond.