Artificial intelligence vehicle owned by Elon Musk Grokhas been frequently preferred by cryptocurrency investors since the first day it was introduced. Developed by xAI, Grok followed its recent Bitcoin prediction with Ripple (XRP) came to the fore with his prediction.
Claiming that it uses a different data flow compared to other artificial intelligence tools, Grok tries to provide more accurate predictions by stating that it performs real-time analysis. The tool is currently supported by content on the X platform. This means it can often benefit from social mentions.
As Koinfinans.com reported, Grok predicts that XRP could trade between $1.00 and $1.50 in a bullish outlook. On the other hand, the bearish outlook could push Ripple’s token price between $0.30 and $0.50.
Based on the current price of $0.55 and considering the potential for a positive resolution to the SEC case, the growth of the crypto market in general, and the potential for greater adoption of XRP by financial institutions, the bullish forecast for XRP by the end of 2024 is 1.00 to 1, It will be in the $50 range. -Grok
NEWS CONTINUES BELOWOn the other hand, given the ongoing SEC litigation, the potential negative impact of Ripple’s monthly XRP sales, and the possibility of a downward break from the multi-year parallel channel, the bearish forecast for XRP by the end of 2024 would be in the range of $0.30 to $0.50. – Negative forecast.
A bull run towards grok’s high estimate would result in a 172% gain from current prices at $0.55. On the other hand, a drop to Grok’s $0.30 forecast would cause investors to lose 45%.