Ripple’s cross-border token, along with a majority of the cryptocurrency market, kicked off the new year with remarkable gains, escalating by double digits within days. Specifically, XRP surged from a low of $1.90 to $2.40 by January 6, only to experience a rapid decline thereafter.

The geopolitical upheaval caused by US President Trump’s intentions towards Greenland sparked a significant market correction impacting XRP, which now finds itself fluctuating around the $1.90 mark that it started the year with.

Week Ahead: Insights from ChatGPT

As is customary, ChatGPT proposed three potential scenarios for XRP’s performance in the upcoming week. The first, categorized as a bearish outlook, predicts a steady yet gradual price decline, potentially leveling off at $1.70. This scenario could materialize if the price decisively dips below the $1.90 support level and fails to remain above $1.80, an area where buyers previously emerged. ChatGPT estimates the chances of this downturn at around 30%-35%.

Conversely, the optimistic scenario presented involves a significant price surge that could propel XRP back towards its peak of $2.30 within the week. Such a rebound is contingent upon buyers successfully converting the $2.05-$2.10 range into a stable support with robust trading volume.

This bullish outcome, however, is seen as less likely by ChatGPT, with probabilities estimated at just 20%-25%.

Expectation for Consolidation

Following the latest fluctuations in cryptocurrency values, ChatGPT predicts that a period of consolidation is the most probable expectation for the upcoming week. Given that merely three weeks have elapsed since the beginning of the year, XRP has already exhibited several significant price movements.

ChatGPT also anticipates a 40%-45% likelihood of price stagnation, estimating a potential range between $1.85 and $2.05, as neither bulls nor bears appear to hold complete sway at this time.

“If market conditions remain unpredictable, and Bitcoin stabilizes, XRP may also trend sideways this week, which could frustrate traders hoping for a definitive direction. This type of market behavior might also facilitate a reset of indicators ahead of a possible breakout,” noted ChatGPT.