XRP has been dominating the news recently following Judge Torres’s denial of the interlocutory appeal filed by the U.S. Securities and Exchange Commission (SEC). With the trial set for April 2024, everyone is anticipating the outcome and how XRP could react in the market.
The judge has ordered that both parties meet for a settlement conference. With the possibility of a settlement, an SEC victory, or a Ripple victory in the trial, we consulted Google’s AI Chatbot, Bard, for insight into XRP’s price when the lawsuit ends.
Read Also: State-of-the-Art Machine Learning Algorithm Sets XRP Price For October 31, 2023
Bard’s Predictions
A Ripple Victory: According to Bard, a win for Ripple would be a major victory for the entire crypto industry, as it would signal that regulators are more open to digital assets. This victory could lead to increased investment in the crypto market, which would benefit all cryptocurrencies, including XRP.
Bard also states that the victory “would allow Ripple to more easily market and sell XRP to U.S. investors.” It would also bring a lot of business back into the United States. As Ripple CEO Brad Garlinghouse once said 80% of Ripple’s hiring next year will be outside the United States. A victory could bring all those jobs back to the country.
For the price, Bard says, “As a result of these factors, I believe that XRP could see a significant price increase if Ripple wins the lawsuit. My price prediction is between $1.50 and $3.00.” Although this is below XRP’s all-time high, it still sits well above its current price of $0.5215.
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An SEC Victory: Bard states that a victory for the SEC will be a major setback for Ripple and XRP. It states, “A win for the SEC could dampen investor sentiment in XRP, as investors may become more cautious about investing in a cryptocurrency that is facing regulatory uncertainty.” According to Google Bard, a loss for Ripple could XRP price to around $0.25.
A Settlement: Bard believes a settlement between Ripple and the SEC could lead to increased demand and investment in XRP, as investors would be more confident in the future of the cryptocurrency.
However, it is important to note that a settlement could also include some concessions from Ripple, such as agreeing to limit its usual distribution of XRP in the U.S.
As a result of these factors, Bard believes that XRP could see a moderate price increase if both parties settle. It predicts prices between $0.75 and $1.25.
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