The cryptocurrency market started to decline in general as Bitcoin lost ground. However, it remains unclear what we will encounter in the coming days. As February ends, what kind of market will XRP and SHIB Coin face in March? We looked at predictions from PricePredictions, which uses artificial intelligence algorithms.
XRP price prediction for March from artificial intelligence
XRP has speculated in recent months that many investors have speculated that the cryptocurrency could finally reach all-time highs amid a series of significant victories in the Bitcoin (BTC)-led crypto market and Ripple Labs’ legal battle with the U.S. Securities and Exchange Commission (SEC). It attracts great attention with his hopes. Despite the broader trend and hopes, XRP’s overall performance has been somewhat disappointing. It broke many people’s hopes of XRP rising towards $2. Besides, investors are wondering whether it will reach $1.
PricePredictions’ prediction algorithms predict that XRP will indeed start to rise in the coming days. It predicts that the token will increase by 2.8% to $0.553549 on March 1, 2024. Artificial intelligence algorithms also show that the upward trend will continue until the second half of March. Thus, it indicates that XRP will be at $0.570682 in 30 days. Therefore, it estimates that it will rise by a total of 5.55% in this time period.
XRP technical indicators are in a downtrend
Despite the positive forecasts, a technical analysis (TA) of the token provided by TradingView, based on the cryptocurrency’s performance over the last 24 hours and last week, reveals that it may be wiser to sell. Indeed, the most recent time frame has been particularly bearish as XRP has been rated as “sell” overall, with oscillators rated as “sell” and moving averages rated as “strong sell”.
SHIB Coin price prediction for March from artificial intelligence
After a very profitable month, Shiba Inu (SHIB Coin) appears to be experiencing selling pressure. This causes its price to drop and retreat to levels seen before its gains. SHIB Coin fell short despite approaching the key $0.000001 resistance zone. Thus, he moved further away from that mark, suffering a series of losses.
To assess the likelihood of breaking through this resistance zone in the coming days, we took help from PricePredictions’ machine learning algorithms. According to artificial intelligence, SHIB Coin price will rise to $0.000009738 by March 1. This represents a gain of 2.86% from the current price level of $0.000009475 at the time of writing. However, moving forward in March, algorithms expect the $0.00001 threshold to be reached on March 19. This is a level the Shiba Inu has not reached since the beginning of 2024.
Does the increase in SHIB Coin transactions indicate a price increase?
According to data from on-chain data aggregator Arkham Intelligence, anonymous holders transferred a significant amount of Shiba Inu tokens during the day. Arkham recorded a collective movement of almost 20 billion SHIB. This coincided with Shibarium reaching a new peak in daily transfers and fluctuations in the price of SHIB. Layer-2 Blockchain has witnessed a significant increase in daily transaction volume. Thus, today’s count exceeds four million, reaching 4.21 million transactions.
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