The market movements over the past month were unpredictable, especially for XRP, which had surged by 30% to $2.40 due to inflows related to ETFs. However, a harsh correction followed, with XRP plummeting below $1.40 and currently hovering around $1.35.

Current Status Below $1?

CryptoPotato previously posed this question to ChatGPT when XRP was trading near $1.60, a time believed to be a potential bottom. Back then, most AI models suggested a minimal chance of falling below $1. Yet, the recent price drop has significantly altered the landscape, compelling us to reconsider ChatGPT’s predictions.

The AI’s latest response indicated that the risk of XRP dipping below $1.00 in February is now notably higher than before, owing to XRP’s precarious trading position and the overall volatile market sentiment.

Price Outlook

As fluctuations continue, ChatGPT estimates that there is a 40% chance XRP will maintain its price above $1.00 into February. Subsequently, some consolidation phases and erratic trading actions may stem from this volatility.

Analysts assert, however, that there’s still a 35-40% probability of a sharp sell-off that may result in a temporary drop beneath the $1 threshold before rebounding sharply. Yet, the likelihood of a complete slide below $1.00 is estimated at 15-20%, an increase from earlier predictions.

Conclusion

Despite the tumultuous market landscape, there’s a clear indication from ChatGPT that monitoring XRP’s trajectory will be essential in the coming weeks. This insight represents a significant shift in perspective compared to the previous assessment, reflecting the dynamic nature of cryptocurrency trading.