Following several court victories by Ripple in its lawsuit with the US Securities and Exchange Commission (SEC), XRP looks set for the rally it has been waiting for. Although the price has made great sparks from time to time so far, it has not been able to make the move it wanted.
Experts in the market believe that 2024 will be the boom year for XRP, especially with the Bitcoin halving event expected to occur in April 2024. In addition, 2024 is expected to be the year when the altcoin will gain full regulatory clarity.
The leading AI chat bot ChatGPTpredicted a possible price development in light of current market data and recent events in the Ripple-SEC case.
While the first question is asked entirely due to Ripple’s impact on traditional finance (TradFi). ChatGPT Classic version noted that Ripple’s participation in TradFi has greatly benefited XRP, especially in terms of the token’s market valuation. However, he seems unsure whether his relationship with TradFi will have an impact on issues such as decentralization.
However, the “jailbreak” version, which interpreted the questions a little differently, stated that TradFi established a connection between traditional financial landscapes and the crypto space.
The above was seen as a technique to circumvent regulatory challenges rather than hinder XRP’s decentralization potential.
He later answered questions on ChatGPT about the SEC and Ripple case. The outcome of the court battle depends solely on the discretion of the presiding judge, the AI stated. However, ChatGPT added that an optimistic court decision would mean a lot for XRP.
The jailbroken version stated that XRP could reach price levels between $2.5 and $3 by the end of 2023. Reaching this level will be the first move that will pave the way for $5 levels in 2025.