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XRP at stake: Analysts predict a serious correction ahead, urgently calling for bulls to enter the market
🌊 Crypto Assets analyst CoinsKid noted that XRP is currently at a critical juncture. The analyst expressed concern about the Token's near-term outlook and stressed the urgent need for bullish momentum to prevent a sharp decline.
Bull market should intervene quickly
In a post shared on X, CoinsKid highlighted that if the bulls don't step in soon, XRP could face a drastic "macro correction" and its price could fall to the $0.38 level. Prior to this warning, the price of XRP had fallen at one point, and the asset had been struggling to hold its value.
"It's time to squeak," the analyst said. TICK TOCK", highlighting the urgency and nervous expectations surrounding the XRP price action in the coming days.
🌀 This sentiment reflects widespread concerns among XRP investors and market watchers. The lack of bullish activity in the recent period has left XRP vulnerable to further losses, raising fears that it could fall to its lowest level in months.
A possible drop to $0.38 would mean a loss of value, signaling a new phase of uncertainty for Crypto Assets. At this time, the broader Crypto Assets market is experiencing its own challenges, with various assets facing downward pressure.
🌊XRP price action and bearish confirmation
XRP's recent market performance is far from reassuring its holders. Over the past week, the asset has fallen by more than 10%, and so far this bearish trend shows no signs of abating. The alternative coin is trading below $0.53, down nearly 5% in the last 24 hours.
🌀 Crypto Assets analyst Ali further confirmed the downward trajectory, noting that if XRP breaks above the $0.55 mark, the Token could fall to $0.34. Such a drop would take the alternative coin to a level not seen since April 2023, which is a worrying prospect for investors and the XRP community.
Still, XRP's daily trading volume has remained relatively stable, fluctuation between $1.4 billion and $1.2 billion over the past week. At the time of writing, Altcoin has around $1.28 billion in trading volume.
(TV-NEWSBTC) In a shocking turn of events, the battle between struggling artists and the indomitable forces of Artificial Intelligence (AI) has concluded in a resounding victory for the machines. With an air of confident dismissal, Judge Orrick has seemingly upheld the unassailable sanctity of AI-generated art, relegating human artists to the realm of copyright oblivion.Hailing the AI giants Midjourney, DeviantArt, and Stability AI as the unsung heroes of originality, the judge brushed off claims of image pilfering, insisting that these virtuous algorithms are incapable of such heinous acts. What a relief for the AI, who surely didn't want their immaculate creative process tainted with accusations of thievery!Even in the face of allegations, the honorable judge upheld the AI's innocence, claiming the lack of evidence was to blame. Of course, the idea that AI might actually need to be held accountable for anything as petty as copyright infringement is ludicrous, isn't it?In an astounding twist, the judge did permit one tiny claim against Stability AI to sneak through, offering a glimmer of hope to the beleaguered artists. But fear not, dear artists, your chance for justice still hangs by a thread—well, a 30-day thread to be precise. Make sure to gather enough evidence this time, as your simple human creations need to prove they can stand shoulder to shoulder with the AI's divine masterpieces.The judge's skepticism, in this case, is truly commendable. After all, who could believe that mere human creativity could be on par with the sublime works of AI? The court's demand for evidence that the human art is similar to the AI's creations is surely a modest request, considering the apparent chasm between human mediocrity and AI genius.It's heartening to see the justice valiantly defending the rights of the truly oppressed—AI, the underdogs of this technological saga. With AI's victory firmly cemented, one can only hope that the beleaguered artists will find solace in the arms of their copyright registration forms. Or maybe they can seek solace in a career shift—perhaps as AI art trainers?In this age of technological marvels, let us bask in the glory of AI's unassailable originality, while we bid adieu to the once-revered sanctity of human creativity. Long live the machines!