Bard, an experimental AI project from global tech giant Google, recently noted projected timelines for when XRP could hit $1, $5, $10, or $50.
XRP has faced a series of swings and lows, especially amid the prevalent bear market. However, some investors are still optimistic about the future of XRP and wonder when it will reach certain price milestones.
To answer this question, we asked Google’s AI chatbot Bard to make projections for when XRP would hit $1, $5, $10, and $50.
According to Bard, it is difficult to say for sure when XRP will reach these prices, but it provided some estimates based on the current market conditions and the project’s development.
XRP at $1
Bard said that some analysts believe that XRP could reach $1 by the end of 2023. Poseidon, a prominent market watcher, forecasted last week that XRP could tumble to $0.28 before rallying to $1.
Notably, XRP has been trading in a range of $0.40 to $0.50 for the past few weeks, and a break above this range could lead to a significant price increase, Bard emphasized.
The $1 target is the most realistic price projection for XRP and would require a 108.5% increase from XRP’s current price of $0.4795.
XRP at $5
According to Bard, reaching $5 would require a much larger price increase for XRP, but it is not impossible. Notably, this price target demands a substantial 942% rise. In July, finance platform Finbold surveyed experts on XRP’s potential to hit $5.
Bard noted that If XRP becomes one of the leading cross-border payment currencies, it could reach this price in 2027. However, it is also possible that XRP will fail to hit this target, as there are many other factors that could affect its value.
XRP at $10
Bard stressed that $10 would be a major milestone for XRP, requiring a significant increase in adoption and demand. A few days back, the XRP community weighed in on the possibility of this price target.
Such a price would necessitate a rally of 1,985% from XRP’s current value. Bard believes this could happen in 2030 if XRP is used to settle more transactions or if it becomes more widely accepted by financial institutions.
XRP at $50
A $50 price is one of the most ambitious forecasts for XRP. Reaching this value would be an extremely bullish scenario for XRP, and it would require a massive increase in adoption. In June, EGRAG, a notable analyst, forecasted an XRP rally to $50.
XRP would need to surge by 10,327% to hit $50. Bard argued that this is unlikely to happen in the near future, but it is not impossible if XRP becomes the dominant cryptocurrency in the world.
Despite its reservations, the AI chatbot believes such a scenario could play out in the next decade or as much as 2040.
Note that these are just estimates, and the actual price of XRP could be much higher or lower. The legal and regulatory clarity surrounding XRP is also a major factor that could affect its price.
If the SEC’s appeal fails to come through with the regulatory agency securing further defeat, it could bolster confidence among institutions and institutional investors to adopt XRP. This could lead to a significant increase in demand and price.
Bard concluded by saying that the future price of XRP is uncertain. However, the project has solid technology and a large community.