XRP has surged to fresh heights in recent weeks, embarking on a powerful price rally. The catalyst behind this remarkable upswing was a legal triumph secured by Ripple Labs against the U.S. Securities and Exchange Commission (SEC) earlier this month.
In particular, a US court ruled that Ripple did not breach federal securities laws by selling XPR tokens on public exchanges, a landmark decision that sent the crypto token’s price soaring by nearly 50% over the past two weeks.
Seeking further insights into this remarkable run, Finbold tapped the widely-used price prediction tool on PricePredictions.com, powered by powerful machine learning algorithms.
Notably, according to the tool’s predictions, XRP is projected to trade at $0.71 on August 26, 2023, according to the information retrieved by Finbold on July 26. The forecasts suggest a slight upside of around 1.5%, compared to the cryptocurrency’s current price.
Machine algorithm’s XRP price prediction for August 2023. Source
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