#Xrp🔥🔥 Happycoin.club - After the US Securities and Exchange Commission (SEC) filed an appeal against Judge Analisa Torres' August 7, 2024 ruling in the Ripple case, many are wondering about the future price of XRP.

The artificial intelligence algorithms at cryptocurrency monitoring and forecasting platform PricePredictions see no reason for optimism and set the XRP price for October 31, 2024 at $0.488745.

XRP 30-day chart. Source: PricePredictions

If the forecast of the algorithm, which relies on such technical indicators of the digital asset as the relative strength index (RSI), Bollinger bands (BB), moving average convergence divergence (MACD), etc., turns out to be correct, this will lead to a decrease in XRP relative to the current price by 6.78%.

XRP Price Prediction from Experts Meanwhile, crypto experts, including Dark Defender, believe that the actions of the SEC lawyers will not affect the price of XRP in the long term, especially since immediately after this event, XRP rebounded to a maximum of $ 0.6655.

XRP Price Dynamics Analysis. Source: Dark Defender

Another crypto analyst, Charting Guy, pointed out that XRP broke a 3.5-year downtrend, with daily and weekly closes on September 29. He also suggested that XRP could have broken “the entire 7-year downtrend,” but further confirmation is needed.

XRP Price Trend Analysis. Source: Charting Guy

A possible reason for the slight downward movement of XRP could be the upcoming release of another 1 billion XRP from Ripple escrow accounts, but the market has already adapted to these regular events.

In addition, the possible approval of an XRP-based exchange-traded product (ETP) filed by Bitwise could turn the tide in favor of the token's growth. 🤝*** Support the author with your favorite XRP token: rJu2tsxQngnBi2n1UYj3WoDt4f8Pmnd5wz Memo 932390456 #ЛюбимыйТокен #AirdropGuide #BinanceTurns7 #RippleUpdate