In the year 2024, there is still hope that XRP will make a comeback and regain its position as one of the top cryptocurrencies. This hope has been fueled by some positive developments in Ripple’s legal battle with the SEC, although the outcome is still uncertain. However, despite these hopes, XRP has experienced significant volatility since the beginning of the year. Although it had a rally in March, the current price of XRP is around $0.48, which is 22.69% lower than its value on January 1st.
Taking into account both the optimism surrounding XRP and the negative impact of the legal battle, Finbold decided to consult various artificial intelligence models to get an idea of where XRP might stand on July 1st.
The first AI model, ChatGPT-4o, predicted a conservative price of $0.50 for XRP on July 1st based on its trading patterns in 2024.
Microsoft’s Copilot, in its ‘balanced’ mode, provided three price targets. It predicted that XRP could rise to $0.519 in the worst-case scenario, $0.583 in the best-case scenario, but it is most likely to reach $0.559.
Gemini, formerly known as Google Bard, stood out among the models. It not only predicted a rally for XRP in the coming days, but also estimated that it would reach a new yearly high of $0.82 on July 1st.
The last AI models consulted were the machine learning algorithms of PricePredictions, a platform specialized in predicting future asset prices. According to their predictions, XRP is likely to fall in the next week and reach a price of $0.448881 by July 1st.
It is worth noting that all models, except for Gemini, were bearish on XRP. PricePredictions was the only platform that forecasted an actual price drop.
Disclaimer: The content of this article should not be considered as investment advice. Investing in cryptocurrencies is speculative and carries risks to your capital.
