Following the successful outing in the law court that saw Ripple triumph over the United States Securities and Exchange Commission (SEC), speculations on XRP’s possible price surge now appear to become a topic that seems to be grabbing attention from top crypto bosses and experts.
Notably, artificial intelligence (AI) models are not left out of the XRP’s price debate, as they have equally been consulted to predict XRP’s post-court victory price movements.
In one of the most recent XRP price predictions, Google Bard, an AI chatbot, was consulted to offer pragmatic insights into XRP’s future price, and it came up with projections on a short, medium, and long-term basis.
Read Also: Veteran Trader Brandt Points Up Impressive XRP Price Surge, Takes a Dig at SEC Chair Gensler
Expectations On XRP Short-Term Price Movements
Per Google Bard, XRP could attain a price high worth $1.30, about an 83% increase from the token’s current price by the end of 2023. However, the chatbot noted two crucial factors that would be significant in XRP’s potential price ascent.
One of the crucial factors Bard said could define XRP’s future price movement is the result of the possible appeal by the SEC against Judge Torres’ ruling that exonerated XRP. Should the initial court ruling be upheld after the envisaged appeal by the SEC, XRP might attain even greater heights in terms of market value.
The second factor is the overall performance of the crypto market. The chatbot noted that the broader crypto market must maintain its performance at significantly high levels if the $1.3 price projected for XRP is anything to come by.
XRP’s Medium-Term Price Possibilities
On the XRP’s medium-term prospects, Bard noted that a $2.5 price level is possible by the end of 2025, remarking that the medium-term projection would depend largely on XRP’s increased demand, propelled by the token’s improved adoption by top financial firms for cross-border payments.
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XRP’s Long-Term Price Trends And Potential Price High
Google AI predicted a $10 selling cost for XRP in 2030, implying a rally of about 1,300%. Attaining a possible $10 would mark a new all-time high value for XRP and a 194.1% increase from its previous ATH of $3.4 printed on January 7, 2018.
Per Google Bard, the above long-term projection depends solely on XRP becoming the dominant cryptocurrency for most cross-border payment options, which could make it the first payment option for global transactions.
Read Also: XRP Price Explodes As Judge Rules In Favor of Ripple, Declares XRP Not a Security
XRP’s Latest Market Trends
Per CoinGecko, XRP’s price as of the time of drafting this report is $0.706047, reflecting a decline of 0.5% in the past 24 hours. XRP’s recent fall in price and other market indices saw the token slip a step lower in CoinGecko’s crypto market cap rankings; XRP now ranks fifth in the standings.
Finally, while this piece might seem enticing with regard to XRP’s price projections, readers, especially potential investors, should take it as a mere guide while doing their research before investing.
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