IMPORTANT POINTS:
- Amid a bearish scenario, the artificial intelligence was asked how much XRP could trade at by the end of this month.
- Ripple’s cryptocurrency is (along with Cardano) the only one within the Top 10 that has accumulated falls so far this year, with a loss of more than 14%.
- Furthermore, the AI is not optimistic about the future price of XRP, as it estimates a bearish price in the coming days.
While the vast majority of cryptocurrencies are seeing huge increases in 2024, XRP is the exception along with Cardano.
It is that the Ripple currency registers a loss of more than 14% so far this year when, during the same period, Bitcoin and Ethereum They have gained approximately 65%.
Artificial intelligence sets the price of XRP
In this not at all encouraging context, the artificial intelligence with which the PricePredictions platform works calculated the altcoin price for June 30, 2024.
The AI placed XRP at $0.44which means a drop of almost 14% compared to the current price of 0.52 USD.
Sentiments around XRP
Right now, the market is taking ambiguous stances on the Ripple cryptocurrency:
Bass guitarist: Investors fear that Ripple will continue selling coins in June, something that has been happening in recent weeks. Some talk about 400 million XRP that could be sold. This would shake the market and cause a significant drop.
Bullish: Other investors are still confident that the company will soon win the court battle against the United States Securities and Exchange Commission. For this reason, they do not rule out a considerable increase when this occurs.
However, this judicial conflict has been going on for years and there is still no estimated date for when it could be concluded.
