XRP Unleashed? Here's How High it Could Fly After Ripple's SEC ...
Some of the extreme predictions see XRP’s value going into the double-digits.
The native token of the Ripple ecosystem skyrocketed in the months after the US elections on the hype that the local regulatory landscape would change, and its legal case against the SEC, which continued for over four years, could come to a favorable closure for the company.
As with many other similar events that are highly anticipated by the community, the asset’s value rose ahead of the actual development in what is known as a ‘buy-the-rumor‘ rally. Although XRP spiked by double-digits after Garlinghouse’s announcement, it quickly lost momentum, and it’s currently 1% down on a weekly scale.
Long-Term Implications
However, there could be long-term implications for XRP, especially if the SEC clears its name and even classifies it as a commodity, as recent reports claimed. Consequently, we decided to ask ChatGPT about XRP’s price potential in the following months (and maybe years) after the end of this big battle.
In terms of a price target for 2025, the popular AI chatbot highlighted a range between $5 and $7. This would require XRP to break its 2018 all-time high and even double its price from then to tap the bigger mark.
Although this sounds promising and slightly unlikely given the current market conditions, ChatGPT brought an even more bullish scenario, which could see XRP rise to $10-$15 within the next 18 months. There’s also an extreme case, which foresees a surge to $20-$30.
The AI solution noted that the main drivers behind such notable (and perhaps far-fetched) price increases are as follows:
- Market sentiment
- Regulatory developments
- Adoption rates
- Overall market conditions
Obviously, many (if not all) of those factors have to align for XRP to surge to any of the aforementioned targets, which, at the moment, doesn’t seem too likely. However, the landscape in crypto can change just as quickly as it did in the past few months, and XRP has already proven that it could registered triple-digit price surges in a very short period of time.
