XRP coin continues to maintain its position as another crypto asset that has been in the focus of investors and traders lately. In addition, there is a price prediction that the XRP community trusts. Artificial intelligence robot ChatGPT is of the opinion that XRP could reach the $4.50 price point in 2024. This represents an increase of approximately 640% from its current price of $0.6084.
On the other hand, this prediction seems to spark a storm of debate within the XRP community.
ChatGPT’s optimistic forecast, upcoming Bitcoin halving and the potential resolution of the long-running lawsuit between Ripple and the SEC.
The Bitcoin Halving is a planned event that reduces the rewards miners receive for verifying transactions and has historically triggered significant bull runs in the cryptocurrency market. As supply tightens, demand for Bitcoin and other digital assets tends to increase, potentially causing a ripple effect across the ecosystem.
Koinfinans.com As we reported, the XRP lawsuit is another hurdle the token is currently facing. Although Ripple was successful in the lawsuit, it hurt XRP as the token was still excluded from Ripple’s Liquidity Center. It’s a concern that Ripple Chief Technology Officer David Schwartz recently addressed.
However, now that the case has entered the criminal phase, a positive verdict could clear a major legal hurdle and pave the way for wider adoption of XRP.
On the other hand, it is useful to approach ChatGPT’s prediction with caution. cryptocurrency The market is notoriously volatile and unpredictable. The AI chatbot concluded its prediction by saying, “Note that this is a speculative prediction and actual market conditions may vary.”
Additionally, regulatory pressures, technological advances, and the overall health of the global economy may play a significant role in determining the price of XRP and other digital assets.
If Bitcoin’s halving and the positive outcome of the lawsuit act as catalysts, $4.50 may not be as far away as it seems.