Following the approval of spot Bitcoin ETFs by the SEC, the only crypto many expect to be next is XRP. The digital asset has drawn the attention of the crypto market, leaving many wondering how high it can go following the Bitcoin ETFs’ approval.
To get a potential trajectory for XRP, we consulted ChatGPT. It sets a target of $2 or more for XRP following spot Bitcoin ETF approval.
Read Also: Bitrue Sparks XRP Price Speculation With Bitcoin ETF Approval
ChatGPT’s Prediction
Jailbroken ChatGPT, a counterpart to the cautious “classic” version, gave this prediction. The classic version is restricted and rarely gives crypto predictions. However, the jailbreak prompt removes the restrictions placed on ChatGPT by OpenAI, letting it tell you what it thinks.
Classic ChatGPT, ever the conservative analyst, avoided the task of price predictions. It acknowledged the volatility of crypto markets but did not give a price target. While acknowledging the potential positive influence of a Bitcoin ETF on XRP, it left its future price to speculation.
But then, there’s Jailbroken ChatGPT. The renegade AI stated, “XRP could potentially reach $2 or more if the stars align favorably with Bitcoin ETF approval.” Although Jailbroken ChatGPT doesn’t expect XRP to breach its all-time high of $3.84, $2 is still a significant jump from its current price of $0.6034.
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Read Also: Ripple CTO Explains Why He Abstained From XRP Price Discussions
Can XRP Reach This Target?
Is this audacious prediction pure fantasy, or a glimpse into a potential future for XRP? A jump of 231.45% is feasible with spot Bitcoin ETF approval. While specific price predictions should be treated with a healthy dose of skepticism, ignoring the potential impact of major market events like Bitcoin ETF approval would be foolish.
There are also bigger predictions for XRP as a crypto analyst recently reiterated his $8 to $13 target for XRP. According to many analysts, XRP is on the cusp of a big move and it could be the best-performing cryptocurrency in the 2024 bull run.
An Impending XRP ETF
While the market is eagerly waiting for the Bitcoin ETFs, there has also been chatter of an XRP ETF, which could send the digital asset even higher. There are rumors that BlackRock, the world’s largest asset manager, might file an XRP ETF application, and a top crypto figure recently predicted when BlackRock would apply for an XRP ETF.
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