Interest in AI has been rekindled by ChatGPT because of its application like providing insight into the future prices of assets like XRP..
The public’s interest in artificial intelligence (AI) has been rekindled by the release of ChatGPT, a text-based AI platform, because of its many practical applications, including providing insight into the future prices of cryptocurrency assets like XRP.
In light of this, Finbold reached out to ChatGPT to gain some perspective on XRP’s possible price by 2025 based on various metrics, including chart patterns, technical analysis (TA), and the outcome of the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC).
ChatGPT remained steadfast in its response that it was challenging to provide an accurate prediction of XRP’s price by 2025 due to regulatory uncertainty, variable market sentiment, technological development, and other factors.
The AI text-based platform noted: “If Ripple were to win the SEC case, it could potentially have a positive impact on the price of XRP, as it may increase confidence in the cryptocurrency and encourage greater adoption by businesses and investors.”
It added:
“Looking at XRP’s historical price ranges, it’s possible that the cryptocurrency could return to a price above $1 in the future, especially if it gains broader acceptance and adoption. “
XRP price analysis
Meanwhile, the short-term future of XRP is shrouded in uncertainty as the digital asset finds itself at a crucial juncture. With the possibility of either reclaiming its previous price of $0.50 or experiencing further declines, the direction in which XRP will head remains uncertain.
XRP has been treading a fine line lately after it had been hovering just above the $0.50 level for almost a month. Despite this relative stability, the digital asset was unable to break through the crucial $0.55 resistance level, leading to speculation about its future trajectory.
Finbold reported earlier on April 28 that although XRP dipped below the $0.50 level, it found support from the 50-day moving average at $0.46, which helped it recover some of its losses. However, the price could only bounce back to $0.47, leaving investors wondering whether the asset will continue its downward trend or stage a comeback.
The latest Finbold insider chart analysis suggests investors in XRP should take note of the support level at $0.42991, which could provide a floor for the price if it experiences further declines. On the other hand, the resistance level to keep an eye on is $0.50929, which may prove to be a barrier for XRP if it attempts to climb back up.
XRP 7-day price chart. Source: Finbold.com
XRP technical analysis
The sentiment on the 1-day gauges at the finance and crypto tracking website TradingView is in the middle of the road. The summary suggests a ‘neutral’ at 8, as summarized from the oscillators indicating ‘neutral’ at three and moving averages in the ‘neutral’ range at 1.
XRP 1-day sentiment gauges. Source: TradingView
In light of the current situation, investors in XRP would be wise to closely monitor the broader market movements and any updates related to the ongoing Ripple case. This will provide critical insights into the direction that XRP’s price may take in the near future and provide somewhat of a basis for 2025 and beyond.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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