The XRP, the token utilized by the fintech firm Ripple, experienced a 0.8% decrease in the last 24 hours. Over the past week, it also fell by 1.1%. Nonetheless, since the beginning of the year XRP is still up by over 76%. It began to gain traction following a US court’s determination that Ripple selling the token to retail investors did not constitute securities law. This “non-security” designation renders XRP a rewarding asset for various investors. According to OpenAI’s AI chatbot ChatGPT, XRP is predicted to hit a price of $3 at the end of 2023 meaning a 400% growth than its current market value. Such a bullish forecast specifically values Ripple’s partial success in the legal result of being sued from the SEC (Securities and Exchange Commission) and assumes there is high likelihood of a bull run in 2024. Moreover, given cryptocurrency’s predicted recovery in 2024 a great number of examiners are assuming several ripple effects. An opposing AI, Google’s BARD AI, has assessed a far more careful viewpoint in regard to Ripple’s XRP token. Supposing market sentiment, regulatory accountability, and institutional embracing; BARD AI think XRP could cap in between $0.5 and $1.8. have there been any whale movements to influence XRP? Intriguingly, Whale Alert has noted an 80 million XRP coin transfer from Ripple to an obscure wallet henceforth standing in at $48.11 million. Similarly, 26.70 million XRP tokens were moved to a bitstamp – a well-referenced Luxembourg City-based exchange which could oscillate bear trends due to the increased sell-off.
