XRP price to $10–$50 'plausible' if spot ETF approved, ChatGPT Analysis Suggests
XRP price hit a new all-time high of $3.38 on Jan. 16, surpassing most other cryptocurrencies recently. The surge in XRP's value has led many to speculate how far it may rise by 2025, especially with the potential approval of a spot XRP exchange-traded fund (ETF).
AI Predictions on XRP's Price
With XRP trading above $3, ChatGPT indicates that the approval of a spot ETF could moderately impact its price, setting a target range of $5 to $10. In a bullish scenario, if a hype-driven rally occurs, XRP could even reach levels between $50 and $100. This surge would depend on factors like significant institutional investments, global adoption, and a speculative buying rush triggered by the ETF approval, akin to Bitcoin's behavior during peak bull markets.
On the other hand, Grok, another AI-powered chatbot, presents a more conservative estimate of $5 for XRP post-ETF approval, based on historical percentage increases observed in Bitcoin's price following the introduction of spot Bitcoin ETFs in 2024. In a more optimistic view, Grok projects a price range of $10 to $15 in the ongoing bull cycle, reflecting anticipated institutional inflows.
Risks and Warnings
Both ChatGPT and Grok caution investors about potential risk factors that could lead to a drop in XRP's value even if a spot XRP ETF is greenlit. They highlight the "buy the rumor, sell the news" effect, where traders might sell at higher prices, causing temporary price dips. This effect was seen in the case of Bitcoin post the approval of its first spot ETF in the US, leading to a 21% price decline.
Analyst Predictions and Market Sentiment
JPMorgan's analyst predicts that a spot XRP ETF could attract significant capital inflows ranging from $3 billion to $8 billion, potentially driving XRP's price higher, aiming for or beyond the $5-$8 range. Other analysts like TheCrypticWolf anticipate XRP prices targeting $10 to $16 in this cycle, while CrediBULL Crypto speculates a longer-term target of $20 per XRP.
The expectations for a spot XRP ETF surged after the US presidential election, with analysts foreseeing regulatory changes benefiting the crypto industry. Data from Cointelegraph Markets Pro and TradingView indicates XRP trading above $3.20, up by 19% in the last 24 hours following rumors of a US-based crypto reserve under the new Trump administration.
Various investment firms have submitted their proposals for spot XRP ETFs, setting the stage for potential market shifts and opportunities.
Note: This article does not offer investment advice. All trading decisions carry risks, and readers are advised to conduct thorough research before making any investments.
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