The post ChatGpt Predicts XRP Price As Ripple vs SEC Lawsuit Sees Closure appeared first on Coinpedia Fintech News
With a phenomenal price jump of almost 20%, Ripple’s legal victory pumps the XRP price high to the $0.60 mark. As the sentiments are intact, the bulls maintain trend control, and the daily chart indicators give a BUY signal.
However, despite the lawsuit closure, the XRP still remains under the $1 psychological barrier amidst broader market uncertainty. So, to overlook the uncertainty and market volatility, we asked ChatGPT to make predictions on the XRP price ahead. With a new potential high ahead, ChatGPT made bullish comments for XRP, and if they are true, the altcoin can witness a surge bigger than 5x in 2024.
XRP’s Breakout Run With High Volatility
In the daily chart, the XRP price trend shows a bullish breakout of a long-coming resistance trendline. Putting an end to the correction phase, the XRP price reclaims the $0.60 mark to challenge the 78.60% Fibonacci level.
However, the market volatility results in a quick drop to the $0.43 level before a V-shaped reversal brings XRP back to $0.60. Fueling the price jump, Ripple’s legal victory over SEC despite the $125 Million results in a massive engulfing candle of 18.54% jump.
Currently, the XRP price trades at $0.56 following the 5.53% drop on Sunday. However, the bullish revival of 2% today reflects bullish dominion over the 200D and 50D EMA.
If the bullish trend continues, the Fibonacci levels anticipate the XRP price to reach the $1 psychological mark. Beyond this, the $1.75 mark or the 2.618 Fibonacci level is a potential annual target for 2024. This accounts for a 200% surge in market price.
However, when asked to ChatGPT, the AI predictions turned out to be extremely bullish than ours.
ChatGPT’s Optimistic XRP Price Prediction
With the information provided about the recent legal win of Ripple against the SEC and the XRP price chart, ChatGPT made massively bullish projections.
With the immediate resistance at $0.74, the AI expects the momentum to continue and surpass the $3.31 all-time high. Further, the breakout run predictions by ChatGPT forecast the XRP price to reach $4 or $5 by the end of 2024.