The cryptocurrency market is having difficulty finding its direction in a cloud of fog. Even though he moves forward, he eventually returns to the same area. In this uncertain environment, artificial intelligence determines how the XRP and SHIB price will start October.
Artificial intelligence determined XRP price for October 1
With the start of the new week, most cryptocurrencies, including XRP, saw a price increase. Thus, some optimism has returned to the cryptocurrency industry. Machine learning algorithms predict further advances in XRP price in the next few weeks. In fact, machine algorithms from cryptocurrency tracking and prediction platform PricePredictions predict that XRP will change hands at $0.516146 by October 1, according to the latest data.
XRP 30 day price prediction. Source: PricePredictionsIn other words, if the above projection based on indicators including moving average convergence divergence (MACD), average true range (ATR), relative strength index (RSI), Bollinger Bands (BB) and others is correct, XRP is up 1.304% relative to its current price. It means there will be a price increase of .
XRP price analysis
Currently, XRP has recorded a gain of 2.38% in the last 24 hours. It is also trading at $0.5095, representing an increase of 8.02% over the previous seven days. As the latest charts show, there is still a 4.48% loss in value on a monthly basis.
XRP 7 day price chart.At the same time, sentiment around XRP is on the rise in 1-month indicators provided by crypto and finance analytics TradingView. Accordingly, oscillators point to ‘buy’ one in three. Additionally, the moving averages (MA) stand in the ‘neutral’ zone at 1. As a result, the summary recommends a ‘buy’ out of 8.
XRP 1 month sentiment indicators. Source: TradingViewArtificial intelligence determined SHIB price for October 1
The past month has revealed a confusing narrative for investors in the Shiba Inu (SHIB) community. cryptokoin.com As you’ve been following from , SHIB has had a pretty turbulent ride over the course of 30 days. During this period, the popular meme coin witnessed a significant drop of 13.18% in its value. This sharp decline left investors scratching their heads, especially when juxtaposed with the resounding success of the relaunch of Shibarium, which has facilitated more than 2.85 million transactions since its triumphant return on August 20.
The near future is full of uncertainties in terms of updates and developments. Therefore, investors and enthusiasts are looking at sophisticated tools to get an idea about the direction of SHIB price. In this regard, we looked at PricePredictions, which uses artificial intelligence. AI shows that SHIB is ready to trade at $0.0000073 in early October.
SHIB 30 day price forecast. Source: PricePredictionsShiba inu (SHIB) price analysis
SHIB price is hovering around $0.000007199 with a slight fluctuation of 0.54% in the last 24 hours. Additionally, the chart shows a modest downward trend of 0.18% over the past week. Let’s examine the broader context surrounding SHIB in more detail. Currently, SHIB is trading at $0.00000726. This summarizes the current market sentiment. A support holds at $0.00000687, which is an important level in the price journey for the Meme coin. Also, SHIB is facing resistance at $0.00000758.
SHIB 1-day price chart.SHIB is currently trading below the 200-day simple moving average. This shows that there is a certain level of bearish sentiment in the market. In the last 30 days, SHIB price has experienced only 10 green days. Additionally, positives accounted for a modest 33% of trading sessions. Over the past year, SHIB has recorded a significant decline of 39%. Thus, it remains behind 61% of its top 100 crypto peers. Meanwhile, SHIB currently sits 92% below its all-time high.
