XRP price might be trading below the $1 mark at the moment; AI chatbot ChatGPT is optimistic the coin can soar beyond its All-Time High (ATH) price before the end of this quarter.
XRP is one of the most watched assets in the industry today, whose price action has been filled with a mix of optimism and doubts. With a relatively low breakout potential exhibited thus far when compared to its peers, the projection of retesting its ATH is undoubtedly an ambitious one.
The forecast from ChatGPT takes cognizance of the current price action of the coin. At the moment, XRP is down 1.05% in the past 24 hours to $0.5047. The market cap and trading volumes are also down 1% and 32.4% in 24 hours to $27,485,842,140 and $605,637,930, respectively.
ChatGPT on XRP Price
The Crypto Basic asked ChatGPT what it believes the price of XRP will be by the end of this first quarter. While there was initial resistance in its response, the Jailbreak forecast gave three different price scenarios that might play out, all of which are bullish.
Under a bearish scenario, ChatGPT sees the price of XRP trading between $1 and $3 by the end of March. The moderate scenario projects the price of the coin hovering between $3 and $5, while the bullish scenario pegs the potential trading range for the coin between $5 and $7, respectively.
For a better perspective, the price of XRP hit its ATH of $3.84 about eight years ago, and it has not surpassed the $1 benchmark since at least November 2021. Retesting these key levels, according to ChatGPT, will depend on market sentiments, regulatory developments, and potential partnerships.
In all, the AI chatbot warned that its forecasts are merely speculative and should be treated as such.
Is XRP Breakout Imminent?
Key trends in XRP have made many top proponents quite concerned about the cryptocurrency and its ability to reverse its growth course after breaking down from its 3-year consolidation cycle recently.
However, chances are the coin has hit a floor around the $0.49 price zone, and uptrends might be ignited from that point on. Overall, the future ahead of XRP appears bright, especially as the long Ripple versus SEC legal brawl is on track for final settlement this year.
Disclaimer: 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’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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