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XRP has been trading in a consolidation around $1.40 since early February, and Finbold AI Agent has issued a bearish near-term outlook for the token.
On May 8, Finbold AI forecast a 1.68% decline for XRP over the next seven days, taking the price to $1.37.
Finbold AI Agent used several Large Language Models (LLMs), including Claude Opus 4.6, DeepSeek Chat, and Grok 4.1, to produce the seven-day XRP price prediction. The tool also incorporated technical indicators such as Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the 50- and 200-day Simple Moving Averages (SMA).
Finbold AI suggested the near-term bearish view could reflect a potential price correction linked to reduced demand for XRP. The report cited a decline in altcoin adoption and noted that on-chain data analysis shows investors have been offloading the token for months.
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