While the cryptocurrency market began to experience a slowdown in its rise last week, XRP The price also had to follow the trend. Although the price reached $0.53, it started to decline. However, artificial intelligence tools continue to present an optimistic picture in the short-term outlook.
CoinCodex Artificial intelligence algorithms used by XRP have indicated that the price of XRP will rise sharply over the next few days and rise to $0.56 on February 14, 2024. This means a gain of 8.74% compared to its price on February 12.
Traditionally, Valentine’s Day has shown a mix of bearish, bullish and middle-of-the-road price movements for XRP. On February 14, 2017, the price of $0.00622 decreased compared to the previous days and followed a similar decreasing pattern in the following days.
However, in 2018, the price recorded a strong rise of over 18% on February 14 and was traded at $1,129. However, the price fell below 1 dollar by the end of the month.
Although a downward trend was observed in 2019, a slight recovery was noted at the end of the month. It only rose to $0.33 during the same period in 2020, falling below $0.23 in subsequent weeks.
However, XRP began to show signs of hope again on Valentine’s Day 2021, when its price reached $0.59, but was unable to maintain its upward rally in the days and weeks that followed, but made a particularly strong move to $0.8 during the same period in 2022, and again for a while afterward. consolidated.
However, 2023 was a year in which there was not a very optimistic outlook. Because the SEC’s case and the problems the company experienced made its impact felt during this period. The price dropped to $0.38 at that time.
