XRP price prediction: As AI predicts the XRP price for February 2024, here's the latest on the Ripple front...

The cryptocurrency market started February with a bearish trend. While the price of Bitcoin is hovering at the $42,000 level, altcoins and meme coins are also losing value with the effect of this. This decline in many digital assets also negatively affected the XRP price, which has been trying to maintain its resistance point around speculation for a long time, and the XRP price took a big hit, falling below $0.50 during the session. Although this decline has had a shocking effect on the XRP community, this decline in the altcoin is thought to be related to unauthorized access.

Why is the XRP price falling?

As of Thursday, February 1, the Ripple native token, which faced news of the attack, suffered a significant loss of over 3 percent. It is thought that behind this situation is the receipt of $ 112.5 million from the XRP network. Blockchain analysts, who helped uncover reports of the alleged hacking, revealed that 213 million XRP tokens were stolen from his personal wallet, and then quickly distributed to multiple wallets to prevent tracking. During these events, Ripple authorities confirmed that authorized access had taken place on platform X, and subsequently stated that the company was not affected by this, despite the significant amount of Ripple tokens received.

While these shocking events were taking place on the Ripple side, the XRP price lost value and this decline worried investors. However, machine learning and artificial intelligence (AI) algorithms are not as negative as investors and predict that the altcoin will recover by the end of this month.

What do artificial intelligence algorithms and machine learning predict for XRP price?

According to artificial intelligence algorithms and machine learning that make predictions for cryptocurrency prices and analyze and predict stocks, the price of XRP may recover throughout February 2024 and recover in the process and start trading above critical support again. These artificial intelligence algorithms used in CoinCodex predicted that the altcoin could reach $0.5436 by the end of February after this improvement in XRP price.


If the above prediction, which is based on positive and negative trends based on historical altcoin price charts and technical data, turns out to be correct, XRP, the sixth-largest asset in the crypto industry by market cap, will trade at a price 7.64% higher than it currently is.

Current XRP price analysis

While XRP price and market cap have seen significant declines, whale activity has increased, according to data from on-chain analytics firm Santiment. However, according to the latest data, the price of XRP has lost close to 3.5% of its value in 24 hours. This depreciation was predicted by Santiment yesterday, Wednesday, January 31.

XRP is trading at $0.4926 at press time, which is a 4% loss in the last 7 days. The XRP trading volume, which has lost 22.26 percent in the last 1 month, has also decreased by more than 20 percent along with its price, indicating that investor interest has decreased.

1-day XRP price chartHowever, data from crypto and stock analysis and tracking platform TradingView is also noteworthy. It is a one-month analysis for XRP and marks the neural region of the moving averages (MA). In addition, the analyst firm is in the sales zone to XRP the data. Finally, the altcoin, which is at the center of the long-running court dispute between the United States Securities and Exchange Commission (SEC) and Ripple, may rebound under the influence of ETF news, and ETF news may also have an impact on the asset regaining value above critical support.

In addition, the upcoming Bitcoin halving event can also act as a catalyst in the market, allowing many assets, especially BTC and altcoins, to gain value. This event will also have a positive impact on the XRP price. In addition, the upcoming halving event has increased interest in presales such as Bitcoin Minetrix. Unlike classical mining methods, Bitcoin Minetrix, which started a new era through cloud mining, allows ordinary people to earn passive and active income.

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