The Loss of Momentum in XRP Ripple (XRP) Value Reflects Market Sentiment
You may have noticed that the value of XRP Ripple (XRP) has been on a decline recently, echoing the overall sentiment in the market. This downward trend comes after its initial gains following a favorable court ruling in the SEC and Ripple case, and amidst speculation about the future price movement of XRP.
An Analyst’s Perspective on XRP’s Bearish Momentum
According to a pseudonymous digital currency analyst known as iDrag0xxx, the weekly chart for XRP Ripple (XRP) shows a clear slowdown in bearish momentum. In a recent post on TradingView, the analyst notes that that XRP Ripple (XRP) whales have strategically pushed the price down to the 0.78 Fibonacci level, which is frequently seen as a prime entry point for whales. This suggests the likelihood of a whole lot of price reversal.
Machine Learning Algorithm Predicts Minor Bullish Momentum for XRP
In addition, a machine learning algorithm at PricePredictions.com predicts that XRP Ripple (XRP) is very likely experience a minor positive trend momentum by the end of September, with a probable price of $0.52.
Hot Take: Understand the Risks Before Investing in XRP
Before making any investment decisions, it’s critical to remember that the content on this site is not intended as investment advice. Investing in digital currencies is speculative, and there is always a risk of losing your capital.
The post XRP Ripple (XRP) price prediction for September-October 2023 appeared first on Finbold.
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