AI predicts XRP price if ETF is launched | Kri on Binance Square
After digital asset manager Grayscale announced the launch of an XRP Trust, possibly a strategic step toward the first XRP (XRP) spot exchange-traded fund (ETF) in the United States, artificial intelligence (AI) models have offered XRP targets if an XRP spot ETF truly happens. Specifically, Grayscale’s announcement immediately triggered a bullish rally for the XRP token, making it one of the top performers in terms of price movements and market capitalization in the past 24 hours alongside Quant (QNT) and Worldcoin (WLD), which is why AI models are optimistic.
XRP Price Predictions
Indeed, in this context, Finbold has consulted several AI models for insights regarding the possible price range for XRP if the token actually gets its own spot ETF, starting with the OpenAI brainchild ChatGPT-4o, which has offered a price range between $0.67 and $0.75.
On the other hand, the AI chatbot pointed out that it was also “crucial to account for the uncertainties and market dynamics” and that the “actual performance will depend on the broader market conditions and investor sentiment at the time of the ETF launch.”
Furthermore, the Meta Platforms AI assistant, Llama 3.1, has observed that “in the short term, the launch of an XRP spot ETF could lead to a significant price surge, potentially reaching $0.75 or higher, as the XRP price is currently stuck within a medium-term pennant structure.”
Google's parent company, Alphabet, through its generative conversational AI innovation called Google Gemini, has listed three scenarios for the potential price of XRP following the launch of a spot ETF based on institutional adoption, regulatory clarity, and market sentiment.
Elsewhere, renowned pseudonymous markets trading expert TradingShot has stressed that Grayscale’s new Trust launch could be the “dawn of a new era” for cryptocurrencies but also observed a bearish trend for XRP since July 13, 2023, “within a Channel Down pattern,” in a TradingView post on September 13.
Current XRP Performance
Meanwhile, XRP was at press time changing hands at the price of $0.56858, reflecting a 5.12% increase in the last 24 hours, adding to the 6.05% gain across the previous seven days and reducing the monthly losses to 1.40%, according to the data on September 13.
Ultimately, XRP might reach the price set by any of the AI models above if it gets its own spot ETF like Bitcoin (BTC) and Ethereum (ETH), but trends in the crypto market can easily change, so doing one’s own research, including keeping up with any XRP news, is critical when investing.
XRP price 7-day chart. Source: Finbold
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