XRP has been under fire for its lackluster performance in the cryptocurrency market, particularly its failure to reach the $1 milestone, casting doubts on its sustainability in the long run. Investors in XRP are eagerly waiting for the cryptocurrency to break through key levels, such as $5, in line with other major players like Bitcoin (BTC) and Ethereum (ETH).
To shed light on the potential timeline for XRP to hit $5, OpenAI’s cutting-edge artificial intelligence tool, ChatGPT-4o, offered insights based on historical data, market trends, and potential triggers. The AI platform made projections taking into account past performance and external factors.
One of the main factors driving XRP’s push towards $5 is the outcome of the legal battle between Ripple Labs and the Securities Exchange Commission (SEC), which has a significant impact on XRP’s price. A positive resolution to this lawsuit could boost investor confidence and drive the price upwards. Additionally, increased adoption of Ripple’s technology by financial institutions and wider utilization of XRP as a bridge currency could have a positive effect on its value.
ChatGPT-4o pointed out that historically, XRP reached a peak of around $3.84 in January 2018, but has since been volatile without revisiting those highs. Market trends, often influenced by Bitcoin’s performance, play a pivotal role in shaping the trajectory of altcoins like XRP.
Taking into consideration favorable regulatory outcomes, increased adoption rates, and a bullish market trend, ChatGPT-4o suggested that XRP could potentially hit $5 during the next major bull run, which typically occurs every three to four years. Given these factors and the current market conditions, it seems plausible to expect XRP to reach $5 around 2025 or 2026.
In addition to the insights provided by the AI tool, analysts are optimistic about XRP’s future prospects. Analysts like leb_crypto have highlighted key price levels to watch, with a bullish trend expected if XRP reclaims $0.75, neutrality at $0.45, and potential bearishness if it drops below the $0.45 support.
There is also speculation about the launch of a spot XRP exchange-traded fund (ETF) and a Ripple stablecoin, which could serve as bullish catalysts for the token.
As of the latest data, XRP is trading at $0.50, showing signs of recovery from a recent flash crash. While the token has seen a modest 1% increase in the past 24 hours, it has declined by nearly 4% over the week.
For XRP to reach $5, it must first reclaim $1, as sustained bullish momentum hinges on surpassing this key price level.
Disclaimer: The information provided in this article is not investment advice. Investing in cryptocurrencies carries risks, and investors should exercise caution when making financial decisions.
