bullish

Million

The post <a href="https://coinpedia.org/price-analysis/chatgpt-predicts-xrp-price-as-ripple-vs-sec-lawsuit-sees-closure/">ChatGpt Predicts XRP Price As Ripple vs SEC Lawsuit Sees Closure&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
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.&nbsp; 
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. 
<h2 class="wp-block-heading" id="h-xrp-s-breakout-run-with-high-volatility-nbsp">XRP’s Breakout Run With High Volatility&nbsp;</h2> 
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. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeJf_US2Fpi-j2yraz08mji8UUf3DkqwFYY4qhR14dcrIJYFRFqZ10ou_GZJXlJ1I09Lu3Q9x4j32i6yGH8jmNviJJzVkmAaUA5yOfUpuRFZjxK82wJ5QurQrBzEVOLyGuD9E2MWc6PQh5L_k2fRCVnJJaD?key=Jsv-qoHgeUNON_HujJ6R8A" alt="">
</figure> 
<a href="https://www.tradingview.com/x/MLFAzf3r/">TradingView</a> 
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.&nbsp; 
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.&nbsp; 
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.&nbsp; 
However, when asked to ChatGPT, the AI predictions turned out to be extremely bullish than ours.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-chatgpt-s-optimistic-xrp-price-prediction">ChatGPT’s Optimistic XRP Price Prediction&nbsp;</h2> 
With the information provided about the recent legal win of Ripple against the SEC and the XRP price chart, ChatGPT made massively bullish projections. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf81BcbCSYWel2rMNHjIOAHqOIvZ8PslTEgrF2TW8FdIP_aNwpJS8Dpap6YjoqpOgcqpUnTo4roXG-M9OZpgG2oSnwMAGmBJ4pnZz6vlma3r57_9XFzl_ld5KE0oQout3XB4WDmt70AzWk4UTY-ydSsk3E?key=Jsv-qoHgeUNON_HujJ6R8A" alt="">
</figure> 
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.&nbsp;

ChatGpt Predicts XRP Price As Ripple vs SEC Lawsuit Sees Closure

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