Over the years, discussions on XRP price actions have constantly surfaced among the coin’s devotees. Every new year comes with a lot of expectations for the token.
The last three years were clouded with legal battles between the United States Securities and Exchange Commission (SEC) and Ripple, justifying why expectations appeared low on XRP’s spike potential.
Read Also: Analyst States Bullish Scenarios for XRP Price Ascent Beyond $1. Here’s the Timeline
However, after scoring three significant victories against the SEC in the court last year, it is safe to say that expectations for XRP in 2024 will be a lot higher.
In light of the above, we thought it wise to make findings of XRP potential prices by the end of 2024. To achieve our aim, we consulted ChatGPT and Google Bard. Both artificial intelligence (AI) technologies came up with distinct price projections for XRP based on some likely scenarios.
For context, XRP is currently changing hands at approximately $0.58. The remaining part of this insight shall reveal the digital asset’s potential prices by the end of 2024.
XRP To $50 Or $100? ChatGPT’s Price Projections
ChatGPT, the OpenAI AI model, highlighted four possible scenarios with price targets for XRP by the end of 2024. The first scenario was a conservative target. The chatbot noted that XRP could attain prices ranging from $0.50 to $0.75 in a conservative outcome.
The second possible outcome that ChatGPT highlighted was the moderate target. The AI model remarked, “If XRP continues to gain traction and attract more users, its price could reach $1.00 – $1.50 by the end of 2024. This target assumes a moderate growth rate and increasing mainstream adoption.”
An ambitious target was the third outlook, which ChatGPT noted could send XRP to prices between $5 and $10. The chatbot added, “This target assumes a high growth rate and a strong market demand for XRP’s fast and cheap transactions.”
Finally, a moon shot target, which seems highly unlikely according to ChatGPT, will send XRP to prices between $50 and $100 by the end of 2024.
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Read Also: Here’s When XRP Price Is Projected To Surpass $19
Bard’s XRP Price Projections
Google Bard price projections were based on three possible scenarios that will likely occur by the end of 2024.
For an optimistic scenario, Bard remarked, “If the SEC lawsuit resolves favorably for Ripple, XRP gains widespread adoption in the cross-border payments space, and the crypto market experiences sustained growth, reaching $1 – $3 by the end of 2024 is a possibility, but not guaranteed.”
Going further, Google Bard noted that in a moderate outlook, XRP could reach prices between $0.5 and $1. Finally, a pessimistic outcome will see XRP decline to low prices.
Bard noted, “If the SEC lawsuit goes against Ripple, regulatory hurdles persist, or XRP fails to achieve significant adoption, its price could stagnate or even decline further. Reaching **$0.2 – $0.3** by the end of 2024 would be more likely in this scenario.”
As usual, both AI models did not fail to conclude their predictions by encouraging adequate research before opting for any crypto investment.
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