Insights from AI on XRP's Possible Decline in Value
Experts analyzed the potential drop in XRP's price amidst market turbulence, forecasting significant declines ahead.
Although most cryptocurrencies have faced significant downturns recently, XRP has seen the steepest decline, falling below $1.10 for the first time in over a year. This sharp drop of over 50% from its January peak of $2.40 raises questions about whether we are in a bear market. How low can XRP potentially go as the market continues to correct? We consulted ChatGPT, Perplexity, Grok, and Gemini for their insights.
How Low Can XRP Go?
ChatGPT noted that the fall from $2.40 to $1.10 is indicative of a serious market shift, as the breakdown below $1.50 indicates lost support levels. Caution prevails among buyers, and any recovery attempts might face substantial selling pressure. If this bearish trend persists, ChatGPT estimates that XRP could descend to the range of $0.85 to $0.95.
Perplexity echoed this sentiment, saying:
“This range represents a realistic bear-cycle low target if broader capitulation unfolds. A move here would align with historical behavior seen across larger-cap altcoins during prolonged downturns.”
Gemini emphasized the critical psychological support at $1.00. Should XRP breach this level, it warns that a further crash could see prices plummet to around $0.60, potentially completing a cycle that began when XRP was at similar lows prior to the 2024 US presidential elections.
Possibility of a Recovery?
All AIs agreed that current market conditions do not favor optimism. However, Grok suggested a potential recovery scenario if XRP stabilizes around $1.10. Should it resist a breakdown below $1.00, a sideways movement between $1.10 and $1.45 might lead to a rebound above $1.60 if key resistance at $1.50 is overtaken. If not, Grok warned of further declines below $0.90.
