Ripple’s native cryptocurrency XRP is trading around the $0.52 mark on Tuesday. The cryptocurrency has barely spurted in price this quarter and is mostly trading sideways in the charts. The stagnation in price is testing the patience of investors as XRP is among the top 10 leading altcoins.
Now that Ripple’s XRP is on the back foot, can it shed its baggage and rally in the indices this month? In this article, we will highlight how high or low Ripple’s native token XRP could trade by the end of June 2024.
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How High Can Ripple (XRP) Trade in June 2024?
‘Price Predictions‘, is a machine learning and algorithm-based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB), and other indicators. The AI has predicted Ripple’s native token XRP’s price for June 30, 2024.
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The machine learning algorithm predicted that Ripple’s XRP price could be $0.448403 on June 30, 2024.
The AI’s prediction claims that XRP’s price could decline by over 12% in the next four weeks.
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Therefore, an investment of $1,000 could decrease to $880 by the end of June 2024. That’s a risky trade currently as the forecast paints a bearish picture for Ripple’s XRP. It is advised to remain cautious and avoid taking an entry position into the cryptocurrency currently.
At press time, Ripple was trading at $0.52 and is down nearly 0.5% in the 24-hour day trade. XRP is also down 85% from its all-time high of $3.40, which it reached in January 2018. It’s been six and a half years and XRP has failed to breach its ATH despite experiencing a bull run in 2021. The development adds pressure on the cryptocurrency as investors are looking at other viable options for profits.