The all-time high for Ripple’s cross-border token (XRP) has recently been surpassed in the current bull cycle, eliciting an optimistic response from the XRP Army with numerous high double-digit price forecasts. Consequently, we sought to understand the peak this cycle from the perspective of four renowned AI solutions (ChatGPT, Grok, Perplexity, and Gemini).
Following our ongoing ‘We Asked…’ series of crypto-focused inquiries, this time our curiosity was inclined towards the potential XRP holds in this cycle, especially considering it has already shattered its prior all-time high of $3.4 from January 2018, reaching over $3.6 last week.
The AI solutions offered a variety of price forecasts, from “realistic” to “ambitious”. Perplexity highlighted that most crypto analysts predict the asset will peak between $5 and $10. The chatbot, largely basing its projections on technical analysis, primarily confirmed its target, positioning it at $6 to $8, even potentially reaching $10 under favorable conditions.
Gemini’s moderate estimates suggest a peak of $6, whereas its “bullish but achievable targets” align with those proposed by Perplexity. Grok and ChatGPT proposed a less optimistic outlook for XRP’s potential in this cycle, projecting $5.50 to $7 as the “moderate” scenarios. However, in their aggressive approach, they both suggested the asset could exceed $10 and target $15.
Despite minor variations in their price ranges, the AI solutions collectively identified key factors that could propel XRP to these highs. They unanimously agreed that a Ripple ETF would significantly boost the underlying asset, mirroring recent developments with BTC and ETH. With a high probability of such a financial product gaining approval by year-end, a capital shift from Bitcoin to altcoins would further aid XRP, the second-largest altcoin.
Additionally, they pointed out that the incorporation of XRP Ledger in corporate/central bank settlement pilots and the ISO 20022 update are likely to benefit Ripple’s token. However, they emphasized the volatile nature of the market and urged caution, reminding that these are predictions, not guarantees.
