Prominent AI chatbots ChatGPT and Google Bard have made bullish price projections for XRP, citing current realities, with targets ranging from $0.5 to $5.
Powered by next-generation Large Language Models (LLMs), the duo of ChatGPT and Google Bard have maintained an optimistic outlook on XRP ahead of 2024. While ChatGPT shared insights into the asset’s price by the end of next year, Google Bard teased what investors can expect at the beginning of the year.
What to Expect from XRP Price
According to ChatGPT, based on specific questions, XRP may end this year and carry over a price of $3 into 2024.
This bullish projection implies that XRP will have to soar as high as 397.67% from its current valuation of $0.6028 to hit this price mark.
However, the chatbot backtracked on this massive price projection when it factored in other conditions like the progression of the Ripple vs. SEC legal brawl with the recent court judge and an impending bull run.
With the new realities presented, ChatGPT gave a $2.5 price forecast for XRP by the end of this year and into 2024. To wrap up the coming year, ChatGPT expects XRP to soar to $5, a move which, if attained, will mark a major landmark for the digital currency and its community.
On the other hand, Google Bard maintains a more conservative price target for XRP by the start of 2024. The chatbot foresees the coin trading at a range of $0.5 to $1.8 after factoring in key issues like performance, inherent sentiments in the market, the impact of regulations, and adoption from institutions, respectively.
XRP Speed Bumps Removed
For XRP, the ruling that upheld its status as a non-security in the US is a key factor that has removed all speed bumps impacting its growth.
For close to three years, XRP became the key casualty in the Ripple and SEC legal battle. However, with this new lease of life, exchanges can go beyond relisting the coin to offering custom products for their users.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
