Expert Predictions on Ripple (XRP) Price by Thanksgiving
Four AI systems forecast varying outcomes for Ripple's value as Thanksgiving approaches.
Ripple’s cross-border token saw a significant decline on November 21, falling to $1.83, a level not witnessed since April. Fortunately, during the weekend, the bull market regained some traction, leading XRP to hover above the crucial $2 mark.
To gauge the potential future movement of XRP as Thanksgiving nears, we consulted four prominent AI-powered chatbots.
Projected Price Movements
Potential Surge
ChatGPT has projected that XRP could rebound further, predicting it may reach between $2.10 and $2.25 by the holiday on November 27, with a 70% likelihood of this increase. It also suggested that a rally in Bitcoin’s price and a surge in XRP ETFs could propel the valuation to between $2.80 and $3.20.
Earlier this month, the US launched the first spot XRP ETF products, which fully expose investors to XRP. These were introduced by Canary Capital and Bitwise, while investors anticipate the transition of Grayscale’s XRP Trust into an ETF soon.
However, ChatGPT cautioned about a potential ‘sell-the-news’ reaction, which might push XRP back below $2, referencing the price drop that followed the ETF launch as a similar example.
Grok offered a more conservative estimate, predicting XRP could land at $2.30 by Thanksgiving, while also mentioning an ‘ultra-bullish’ scenario, where XRP might surpass $3 under specific favorable conditions, especially involving significant investors returning.
A Likely Pullback?
In contrast, Perplexity and Gemini were less optimistic. Perplexity suggested that a pullback or consolidation could proceed in the short term but hinted at potential upward momentum post-holiday. Gemini indicated that XRP may fall to $1.60 during Thanksgiving, attributing the forecast to the current strong bearish phase of the market.
It’s crucial to note that major investors have recently been shedding large amounts, having sold nearly 1.5 billion tokens in just one month, indicating ongoing pressure in the market and likely increasing anxiety among smaller investors.
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