Lately, Artificial Intelligence (AI) models have evolved into an indispensable tool in the crypto sphere. Among AI models that seem to be grabbing attention, ChatGPT by OpenAI and Bard by Google appear to be topping the chart.
In a recent development, Bard’s insight into XRP’s price projection in the upcoming crypto market rally surfaced, making rounds in the crypto space.
Notably, The price projection by the chatbot revolved around the prevailing market metrics and other factors as of August 17.
Read Also: Breaking: Ripple Files Opposition to SEC Appeal Request Over XRP Victory
Having acknowledged that there are no accurate parameters to predict XRP’s future prices, the chatbot noted some significant factors that would be crucial for the token’s price movement.
Bard spotlighted the outcome of the new round of court cases that might ensue if the court authorizes the SEC’s application for an appeal.
It is worth noting that the SEC applied for an interlocutory appeal of the summary judgment that declared XRP sales as non-security transactions. A few hours ago, the court granted the application. However, there are still more hurdles for the SEC before gaining the authorization to appeal.
Just like the outcome of the initial court ruling on XRP sales that saw the token spike by over 90%. The token might soar even higher if the potential appeal court ruling favors Ripple.
Aside from the possible impact of a final court verdict, the chatbot highlighted other factors, which include the broad crypto market outlook, new use cases for XRP, and rising adoption in banking and other financial sectors.
Read Also: Ripple CLO Explains Why The SEC Has No Right to Appeal XRP Victory Just Yet
Citing XRP price predictions from experts, Bard noted a price in the range of $1.80 by the end of 2024 and $3.50 or even $10 by the end of 2025.
Per Bard, Crypto tracking sites like DigitalCoinPrice forecasted a price target of $1.75 for XRP at the end of 2023 and $3.35 by the end of 2025.
Walletinvestor projected $1.50 and $2.50 price levels for the end of 2023 and 2025, respectively. TradingBeasts predicted XRP’s price by the end of 2023 and 2025 to be $1.30 and $2.20, respectively.
At the time of writing, XRP’s price obtained from CoinGecko is $0.491632, reflecting a decline of about 17%. The token experienced a reduction in market cap with a current valuation of $25,991,826,499. The dip in market cap justifies the reason for a drop in the token’s ranking. XRP is now ranked 6th.
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