As the majority of the cryptocurrency market begins to slow gains over the past week, XRP is no exception, falling back below the previously gained $0.53 level, but machine learning and artificial intelligence (AI) algorithms are optimistic about it, predicting bullish momentum again by Valentine’s Day.
Specifically, the advanced artificial intelligence algorithms used by the cryptocurrency and stock analytics platform CoinCodexsee the price of
Previous Valentine’s Day
Traditionally, Valentine’s Day over the years has been a mix of bearish, bullish and mid-level price movements for XRP, with February 14, 2017, seeing it change hands at a price of $0.00622, decreasing in the previous days and following a similar trend. downward trend in the following days.
That said, Valentine’s Day the following year was decidedly bullish for XRP price over the previous year, witnessing a rise to $1,129 on February 14, 2018, which represented a massive 18,051.1% gain but falling below $1 by the end of the year. month.
Meanwhile, Valentine’s Day in 2019 saw a significant drop for the XRP price, which fell to just $0.3 but underwent a slight recovery by the end of February that year, recording an increase to just $0.33 in the same period of 2020. and falling below $0.23 in the following weeks.
However, XRP started to show signs of hope again during Valentine’s Day 2021 when its price touched $0.59, although it failed to maintain the bullish rally in the following days and weeks, but made a particularly powerful move to $0.8 during the same period in 2022. , again with some consolidation thereafter.
Finally, in 2023, XRP experienced negative sentiment related to the court standoff between the US Securities and Exchange Commission (SEC) and the blockchain company Ripple, which the regulator accused of illegal sales of XRP, and which is traded in the $0.38 zone during the entire period. month of February.
XRP Price Analysis
At the time of writing, XRP is trading at $0.515, down 3.33% in the last 24 hours, up 1.81% in the previous seven days but down 10.29 % on its monthly chart, according to the latest data retrieved by Finbold on February 12.
Overall, XRP may actually end up in the optimistic price range set by the AI algorithms, but given the volatility of the asset, as well as the cryptocurrency market as a whole, it’s important to do your research before investing anything. a significant amount of money in it.
Disclaimer: The content of this site should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.
