May 1, 2024 1:00 PM CEST
| 3 min read
The current situation of the cryptocurrency market is not very rosy; Bitcoin suffered a disastrous decline and most cryptocurrencies continue to trade in the red. Also XRP is no exception and is recording declines on all its observed charts, losing the support area a $0.50and artificial intelligence algorithms (TO THE) don’t see an end to his problems by the end of next month.
The current situation, with a decline of more than 20%, you see XRP continue the streak of losses recorded since the beginning of this year.
This happens despite positive developments, such as the launch by Ripple of your own stablecoin to compete with Tether (USDT) and Circle, the issuer of USD Coin (USDC), as well as forming a strategic alliance in Japan with HashKey DX.
XRP Price Prediction
Considering this context, it is not surprising that the advanced algorithms used by the cryptocurrency monitoring platform PricePredictions are pessimistic, establishing that the price of XRP will reach a minimum level of $0.479024 by May 31, 2024, according to data obtained yesterday, Tuesday 30 April.
Specifically, such a price change would indicate a loss of 3.27% compared to the situation XRP at the time of publication of the article, provided that the projections, which are based on technical analysis (AT) indicators such as the relative strength index (RSI), Bollinger bands (BB), moving weighted average (MWA ) and others, come true.
XRP Price Analysis
At the time of publication of our article, XRP it is traded at the price of $0.4894down 2.89% on the day, a loss of 9.94% over the past week, and a more significant decline of 19.78% over the past month, according to May 1 chart data from CoinMarketCap.
Meanwhile, the cryptocurrency trading analyst known by the pseudonym of Dark Defenderrecently noted that XRP is “on the verge of a huge leap” to $1.88.
The analyst took into account his previous behavior, although he did not rule out the possibility of a bearish breakout if XRP falls further towards the main support level of $0.4623.
Previously, this cryptocurrency expert had also noted that XRP was exhibiting a trading pattern reminiscent of its behavior between 2013 and 2017, which preceded a substantial rally in the value of XRP, potentially leading it to a market capitalization of 50 billion dollars in May.
After all, XRP it could continue to fall in line with the AI algorithm’s projections, although some experts clearly see a recovery when one is made zoom outwhich highlights the importance of doing thorough research before investing in any asset.
Cryptocurrencies are highly volatile and unregulated. No consumer protection. A profit tax may apply.
WienerAI (WAI): The AI memecoin with staking utility
Market conditions are critical at the moment, but this does not seem to affect the new project in the slightest WienerAI (WAI)which is instead attracting the attention of an ever-increasing number of investors.
WienerAI’s native cryptocurrency, the token WAIis a memecoin built on Ethereum’s ERC-20 protocol and based on AI technology, characteristics that could give it various modular capabilities in the long term.
Furthermore, the WAI token also has a utility of staking which allows its holders to earn a passive income which, at the time of publication of the article, stands at 1,250% about.
The pre-sale has already raised more than 700,000 dollars, demonstrating the great success it is enjoying with investors.
Currently, the WAI token is available at the unit price of $0.000702. If you are interested in participating in the presale, there is still time to position yourself as early adopters and ensure maximum profit when the token is listed on exchanges.
Cryptocurrencies are highly volatile and unregulated. No consumer protection. A profit tax may apply.
