Artificial intelligence predicts the value of XRP cryptocurrency as of September 30

Finbold analysts asked the PricePredictions artificial intelligence algorithm to predict the price of XRP at the end of the first month of fall. The system calculated that by the announced date, the asset’s quotes would be at $ 0.52.

As of the morning of September 1, XRP was trading at $ 0.5 with a market capitalization of $ 26.7, a 3.77% drop. Traders made daily trading deals worth $ 1.1 billion.

Earlier, FXSTREET representatives gave forecasts for the further price movement of XRP. The experts noted that the coin has almost completely exhausted its previously accumulated potential. According to analysts, if the quotes manage to gain a foothold below $ 0.5251, there is a high probability of a steady downward trend. At the same time, large holders of the virtual coin are reducing their token holdings, which can be considered another bearish sign.

Earlier, the Ripple Foundation managed to win a lawsuit against the SEC. The federal court found that the XRP token cannot be legally considered a security. Amid this news, the coin’s quotes rose sharply by 50%.

However, we should not forget that bitcoin remains the flagship of the crypto market. In a short period of time, BTC fell from $ 31,000 to $ 25,000, and this had a negative effect on Ripple. At the moment, XRP has used up almost all of its previously accumulated potential. It is noteworthy that the Ripple Foundation and the SEC will meet in court again next year, as the regulator has filed an appeal.