XRP is down another 5% on Friday, November 7, trading at $2.18 underperforming the broader crypto market which is 2.7% in the red.
The downward momentum continues despite the overall activity on the XRP Ledger (XRPL) witnessing the highest levels in eight months.
Nonetheless, the sharp downtick could be a direct result of the ongoing rapid increase in wallet creations, which have often preceded significant price movements for the crypto. Notably, Ripple’s latest announcements at its flagship event failed to sustain bullish momentum and became more of a “sell the news” event.
With traders speculating on how the asset might move in the following days, Finbold turned to its AI prediction agent to see where XRP might stand by the end of the month. According to the forecast, the asset is only witnessing a short-term correction, being set to recover 5.22% and trade at $2.28 by November 30.
XRP price forecast. Source: Finbold’s AI prediction agent
To determine its XRP
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