The approval of the Spot Bitcoin ETF was welcomed as a positive development for the crypto market. In this context XRP It heralded a new era in which other crypto assets, including . With the launch of the product, there has been talk that alternative crypto ETFs may emerge in the long term.
ChatGPT’s Predictions for XRP
According to the Large Language Model (LLM)-powered chatbot, the future price of XRP contains some unique uncertainties.
Getting predictions from AI was initially difficult. However, based on the response from ChatGPT, XRP showed that it could rise to $3.5 to $4 with initial sentiment and excitement.
AI is of the opinion that the bulls will win if this price target is exceeded. Additionally, he predicts that XRP will eventually “stabilize around $2.50 to $3.00 as speculative enthusiasm fades and market forces come into play.”
According to the AI, the projected figures are largely speculative. It is possible that actual market reality could increase or decrease the numbers significantly.
This price target is in line with the chatbot’s previous predictions. In this context, it should be noted that XRP failed to reach the price target of more than $2.5 set for the end of December 2023.
To reach the price target set by ChatGPT on XRP altcoin his bulls will need to put in a tremendous effort. At the time of writing, XRP is trading at $0.5733, down 4.11% in the last 24 hours. The market cap and trading volume of XRP are $31,112,045,446 and $1,411,239,579 respectively.
Source : The Crypto Basic