2023-11-1 21:00 |
There have been numerous XRP price predictions from crypto analysts, but this time around, a machine-learning algorithm has predicted the future price of the altcoin. While the bullishness of the prediction is not exactly a surprise, the time frame that the algorithm gives for XRP to reach 40% is particularly interesting.
XRP Price To Make A 40% Jump To $0.8The CoinCodex machine learning algorithm takes into account the previous XRP price performances and uses this to predict the future price. The predictions span a number of timelines but the short-term prediction (5 days) is of particular importance in this instance.
The machine learning algorithm has predicted a massive 40% in the coming days for XRP. With the 5-day timeframe given by this algorithm, it means that the XRP price could be sitting above $0.8 by the time the week runs out.
It also predicted where the price will be in November, and although it is much lower than where it expects it to be in five days. The one-month prediction comes out to $0.62, an 8% increase from its current price level.
Longer-term predictions from the algorithm go as far as 2030 where expected performances vary greatly. For example, the algorithm puts the XRP price at $1.8 at its highest point in 2024, and $1.4 at its highest point in 2025.
Then 2026 and 2026 are much more bearish at $0.64 and $0.9, respectively. This switches up in the years 2028 and 2029 when the algorithm puts the altcoin’s price at $2.76 and $2.08 at their highest points. But then it reverses again in 2030 where a drop to $0.8 is expected.
XRP Quarterly PerformancesOver the 10-year history of XRP, there have been various quarters of the year that have performed better than others. Taking an aggregate of the returns of Q1 through Q4 of each year, CoinCodex has been able to come up with the best-performing quarter.
On average, the fourth quarter of the year has been the best performer so far with 149.8% average returns, but it is not quite as simple. When taken into account for each individual year, the fourth quarter has been one of the worst performers with 6 years out of 10 closing in the red, just like the first quarter.
In terms of the best quarter on an individual basis, the third quarter recorded more green closes at seven, followed by the second quarter with six green closes. The XRP price has actually closed the fourth quarter in losses for the past five consecutive years, and if this spills over the 2023, then investors could be seeing another red close to the year.
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