XRP is currently trading at $0.5466. As always, many in the market are trying to predict what direction it will go. XRP has a long history in the market, and as much as we try to analyze it, it is impossible to notice everything. That’s where AI tools come in.
Google Bard, which is Google’s Large Language Model (LLM), was built to process massive amounts of data and we can leverage its intelligence to look through XRP’s history and current standing to predict its future. Let’s see what Bard thinks about XRP’s price for November 30.
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XRP’s Price on November 30
According to Bard, XRP will reach $0.60 on November 30, 2023. This price represents a potential upside of 9.76% for XRP investors. Bard’s prediction is based on several factors, including the following:
The XRP Lawsuit
Bard states, “The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) is expected to be resolved in favor of Ripple in the coming months.” Although this might not get resolved before November 30, the positive sentiment can cause an upswing in XRP’s price.
The SEC filed a lawsuit against Ripple in December 2020, alleging that the company had sold XRP as an unregistered security. Ripple denied these allegations and already recorded three victories over the SEC in court.
Many legal experts believe that Ripple has a strong case and that the SEC is unlikely to succeed. If the lawsuit is resolved in favor of Ripple, it will be a major victory for the company and the XRP community. This victory is expected to lead to a significant increase in the XRP price.
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Increased Adoption
Bard states, “Ripple is a global leader in cross-border payments technology. The Ripple network is used by over 300 financial institutions in over 40 countries to send and receive payments quickly and cheaply.”
As more and more financial institutions adopt the Ripple network, the demand for XRP will increase. This increased adoption will lead to higher XRP prices. Ripple was selected by the National Bank of Georgia for a CBDC project recently, and the XRP community expects more partnerships to come soon.
Bard’s prediction of a $0.60 XRP price by November 30, 2023, is based on several sound factors. However, it is important to note that this is just a prediction, as the actual price of XRP could be higher or lower.
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