AI sets XRP price : Most of the cryptocurrency market is losing its recent gains, and XRP is also dropping, falling under $0.53. However, computer predictions using AI are positive and expect it to start rising again by Valentine’s Day.
The AI tools at CoinCodex, a platform for analyzing cryptocurrencies and stocks, predict that the price of XRP will go up a lot in the next few days. They expect it to reach $0.56 on February 14, 2024. This means it will have increased by 8.74% from its price on February 12.
Previous Valentine’s Days
Over the years, Valentine’s Day has seen XRP’s price go up, down, and stay the same. On February 14, 2017, XRP was worth $0.00622, and its price dropped before and after that day.
However, the next Valentine’s Day saw a huge rise in the price of XRP from the previous year. On February 14, 2018, it went up to $1.129, which was an increase of 18,051.1%, but it fell below $1 by the end of that month.
On Valentine’s Day in 2019, the price of XRP fell to $0.3. It went up a bit to $0.33 by the end of February but dropped below $0.23 in the following weeks.
On Valentine’s Day in 2021, XRP’s price went up to $0.59, showing some promise. Although it didn’t keep going up after that, it did make a big jump to $0.8 around the same time in 2022, but then it settled down a bit again.
In 2023, XRP’s value was affected by the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple, a blockchain company accused of selling XRP illegally. Throughout February, its price was around $0.38.
XRP price analysis
As of now, XRP’s price is $0.515. It has dropped by 3.33% in the past day, increased by 1.81% over the last week, but has fallen by 10.29% in the last month, based on the latest information from Finbold on February 12.
In simple terms, XRP might reach the high price predicted by AI, but because its price can change a lot and the whole cryptocurrency market is unpredictable, it’s very important to do your own research before putting a lot of money into it.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
