As holders of Ripple (XRP) keenly watch developments from the legal battle with the SEC, ChatGPT-4o has reeled out its predictions for the lawsuit.
Interestingly, experts say the globally acclaimed Chatbot’s prediction will have ripple effects throughout the crypto sector. Meanwhile, ChatGPT-4o has spotlighted a new AI DeFi token as crypto’s next big thing. Let’s get the latest from ChatGPT-40!
Recent information from ChatGPT suggests the Ripple lawsuit may be headed to a higher court for adjudication. According to the chatbot and other experts, the recent settlement between the SEC and Terraform Labs might lead to the case being reviewed by the Second Circuit Court of Appeals.
This is crucial as a decision from a higher court could offer guidance on whether cryptocurrencies can be classified as securities in the U.S. Crypto lawyer James Murphy suggests that Ripple or Coinbase, which is appealing a separate SEC case, could be the first to appear before the Appeals Court.
These legal updates are impacting the crypto market, with XRP’s price increasing in the past few days, reaching a high of $0.5307. According to CoinMarketcap data, there has also been a rise in trading volume.
This rise in trading volume indicates growing investor confidence in XRP as the legal situation unfolds, which experts believe will see Ripple’s XRP token surge to $0.744.
On the other hand, experts monitoring the XRP price action believe that if the Ripple weekly candlestick closes below $0.467, then XRP could crash by another 10% to its previous support at $0.419 in the coming weeks.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
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