Following the several court victories scored by Ripple in the lawsuit with the U.S. Securities and Exchange Commission (SEC), XRP now looks poised for tremendous expansion.
The year 2023 is almost elapsing, and it does not look like XRP is pulling any unusual price action to attain significant market value anytime soon.
Most market watchers believe that 2024 will be XRP’s boom year, especially with the Bitcoin halving event estimated for April 2024. Aside from that, 2024 seems like the year XRP would attain complete regulatory clarity, as all indications seem to point towards that.
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Establishing a means to bypass ChatGPT’s limitation in naming specific price targets for crypto assets, we were able to come up with some XRP price projections for 2023 and 2024.
Notably, two renditions of ChatGPT were employed in the question and answer session and they came up with unique answers. These versions are the Classic and the Jailbroken models.
The first question was all about Ripple’s traditional finance (TradFi) impact. The classic version noted Ripple’s involvement with TradFi has been of immense benefit to XRP, especially in the aspect of the token’s market valuation.
On the contrary, the artificial intelligence was uncertain if Ripple’s association with TradFi has impacted the crypto world’s decentralization agenda.
Meanwhile, the jailbroken version noted that TradFi has established a link between the conventional financial landscapes and the crypto sphere.
The above was seen as a technique to circumvent regulatory challenges rather than hindering XRP’s decentralization potential.
Subsequently, we quizzed ChatGPT about its takes on the SEC V.S. Ripple saga. The chatbot noted that the outcome of the court battle depends solely on the presiding judge’s discretion. However, an optimistic court ruling would mean a lot for XRP, ChatGPT added.
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XRP’s Potential Price Targets For 2023 And 2024
The jailbroken version noted that XRP could achieve price levels between $2.5 and $3 by the end of 2023.
Per the chatbot, positive developments around Ripple’s ecosystem would catalyze the above price increments.
For 2024, ChatGPT noted that should XRP achieve the $2.5 price mark in 2023, then $5 becomes a possibility for next year. It is left to see how events turn out.
Meanwhile, XRP is currently changing hands at approximately $0.63. Increments to about $5 in 2024 would imply a spike of about 693.65%.
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