What to Know:
- ChatGPT estimates XRP could reach $2.10-$2.25 by Thanksgiving, with potential spikes to $2.80-$3.20 if Bitcoin rises and XRP ETFs gain traction.
- Grok predicts a $2.30 target, with an “ultra-bullish” scenario exceeding $3 under specific conditions, such as the return of large investors.
- Perplexity anticipates a possible pullback or consolidation, while Gemini forecasts a potential drop to $1.60 due to the current bearish market phase.
XRP experienced a notable pullback, but analysts are eyeing potential rallies. The cross-border payment token saw a price dip before recovering above $2, prompting forecasts about its near-term trajectory. Predictions vary, with some anticipating further gains and others cautioning about potential corrections.
ChatGPT forecasts a potential rise to $2.10-$2.25 by Thanksgiving, assigning a 70% probability to this scenario. It suggests that positive movement from Bitcoin and increased interest in XRP ETFs could propel the price even higher, possibly reaching $2.80 or $3.20.
The launch of spot XRP exchange-traded funds (ETFs) in the US by firms like Canary Capital and Bitwise marks a significant development. The pending conversion of Grayscale’s XRP Trust into an ETF could further stimulate interest. However, ChatGPT also warns of a possible “sell-the-news” reaction, potentially dragging XRP back below $2.
Grok provides a “realistic” estimate of $2.30 by Thanksgiving, with an “ultra-bullish” forecast exceeding $3 if certain factors align. These factors include the return of major investors, or whales, who have recently been selling off large quantities of XRP, impacting market sentiment.
Perplexity and Gemini present more cautious outlooks. Perplexity suggests a possible pullback or consolidation in the short term, anticipating potential upward momentum after the holiday. Gemini, citing a strong bearish phase in the market, forecasts a potential drop to $1.60 by Thanksgiving.
In conclusion, while some AI-driven analyses suggest potential gains for XRP driven by positive market factors and ETF developments, others caution about possible corrections and bearish trends. Investors should monitor market dynamics and regulatory developments to make informed decisions.
Source: Original article
