XRP continues its bullish run today after soaring by 3% overnight, sparking speculations in the timeline it could retest the $3 price level, with the latest projection coming from ChatGPT.
For the better part of this year, XRP has showcased what it means to break free from the shackles of regulatory uncertainty and its impact on price. Trading at $0.6139 at the time of writing, the coin’s market cap comes in at $33,027,768,009. Trading Volume has also jumped 0.41% to $1,064,595,249.
With its price outlook, the question of when XRP will breach the $3 milestone remains elusive but new insights from OpenAI’s chatbot, ChatGPT, give a clue.
ChatGPT Take on XRP Price
Just as the XRP community is nursing hopes that a potential retest of the $3 price level is imminent in the long term, ChatGPT supports this notion. When asked what the future holds for XRP, the chatbot projected that the coin could soar as high as $3 by the end of this year.
The ChatGPT prediction stems from a number of factors, including the sentiment surrounding the victory of Ripple over the U.S. SEC. Additionally, the strong possibility the crypto market will see a bull run in the coming year, fueled by the potential approval of the Bitcoin spot Exchange Traded Fund (ETF), also contributed to the optimistic outlook from ChatGPT.
For XRP to hit the $3 price mark, it will have to grow by 388% from the current price level. Considering the volatility inherent in the crypto ecosystem, this growth is not impossible but will require the confluence of all the bullish fundamentals to hit the mark.
XRP Trigger and Google Bard Position
XRP has a thriving ecosystem with impressive use cases that can also help prop its resurgence. One of these use cases is its adoption as a viable currency for cross-border payment and mainstream financial settlement. Ripple and Uphold have inked a partnership to specifically amplify this use case as reported earlier by The Crypto Basic.
While jostling toward the $3 ChatGPT milestone seems highly ambitious, alternative chatbot, Google Bard sees the coin trading between the $0.5 and $1.8 price levels in the coming months, as a more achievable feat considering its historic price trends.
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.
