Ripple’s cross-border token, XRP, recently experienced a drop to approximately $1.10 on February 6, but has since seen a recovery, currently trading around $1.55. Investors and analysts are now eager to gauge whether XRP can surge to $2 or beyond in the upcoming week. Opinions are mixed, as different AI-powered chatbots provide varying forecasts.
On one side, ChatGPT forecasts a potential rise for XRP, estimating that it could reach about $1.60 in the week ahead. While XRP did touch that level on Sunday, it has struggled to maintain it. ChatGPT mentions that this upward movement seems more likely than a renewed downturn, given recent buyer interest. The analysis suggests that XRP appears to be in a consolidation phase rather than gearing up for a significant breakout. Notably, the bounce from around $1.10 to $1.50 indicates that buyers have entered aggressively at lower price points. However, the chatbot warns that significant gains often require a major market catalyst, such as positive developments in the wider crypto market or critical news related to Ripple and its ecosystem.
Grok, another AI tool integrated within X, aligns closely with ChatGPT’s outlook, suggesting that XRP could potentially stabilize at $1.60 next week if it can decisively reclaim the pivotal support level at $1.40. Grok also posits that a rise to as high as $1.80 is plausible but anticipates that this rally may be more likely toward the end of the month rather than within the next seven days. As supportive indicators, Grok points to a decreasing amount of XRP on major exchanges like Binance and notable technical setups that reinforce the bullish sentiment.
Conversely, Perplexity offers a more bearish perspective, predicting that XRP’s price may decline, estimating a potential drop to as low as $1.24. This chatbot highlights a negative investor sentiment recently and expresses concern over XRP’s historical performance in February.
Google’s Gemini echoes this pessimistic sentiment, identifying the $1.35 to $1.40 range as a critical support level. They note that if XRP falls below this zone, it could lead to a steeper decline, potentially hitting the $1 mark, further complicating an already challenging month for the cryptocurrency.
As speculation surrounding XRP’s future intensifies, investors are closely monitoring the upcoming week for signs of potential catalysts or market shifts that could influence its trajectory.
