In recent days, Ripple’s XRP token has been fluctuating around the $3 mark, showing a notable decline of approximately 20% from the all-time high of $3.65 recorded in July. However, various AI chatbots, including ChatGPT and Grok, suggest that XRP may be on the brink of a resurgence, with the potential to reach new heights in the coming weeks.
Analysts using ChatGPT pointed out that the asset’s technical indicators look “promising.” They forecast a potential breakout to levels between $3.30 and $3.50, with an optimistic prediction of hitting as high as $4.70. This expected surge hinges on several key factors: increased institutional inflows, enhanced regulatory clarity, and developments surrounding exchange-traded funds (ETFs). With the Ripple-SEC case reaching a conclusion, many in the XRP community are eager to see the launch of the first spot XRP ETF in the United States. This fund would enable investors to gain seamless access to XRP through traditional brokerage accounts, likely boosting interest and price. Current estimations from Polymarket suggest that the chances of ETF approval by the end of 2025 are around 92%.
Despite this optimism, ChatGPT cautioned about the volatility inherent in the cryptocurrency market. It warned that if XRP fails to maintain support at the $2.77 level, the price could dip significantly to the $2.50 to $2.60 range.
Moving on to Grok, the AI chatbot integrated into the social media platform X provided a more nuanced perspective. It began by underscoring the speculative nature of price predictions for XRP, which are often influenced by macroeconomic factors, institutional adoption, and whale activity. Grok indicated that XRP has been in a state of consolidation, forming either a symmetrical triangle or a descending channel pattern. Key support was noted at the $2.77 to $2.80 range and resistance at $3 to $3.40.
According to Grok, a breakout above the $3.13 to $3.40 level could suggest bullish momentum, targeting prices between $3.60 and $5.00 by the end of the month. However, it also warned that failing to hold above the $2.65 to $2.70 range could result in a retreat to $2.50. Notably, Grok highlighted recent speculation that a large buy-in from Apple, rumored to be around $1.5 billion worth of XRP, might have contributed to the recent upward movement. This speculation, however, was quickly dismissed by even the most ardent XRP supporters.
Lastly, Perplexity took a more conservative stance, estimating the peak value of XRP in September at $3.36. Although acknowledging that many market experts expect further growth, Perplexity referred to this projection as the most reliable target. It also noted historical trends indicating a strong performance for XRP in September, with an average gain of roughly 87% reflected in previous years, notwithstanding significant volatility.
As the market continues to evolve, investors and enthusiasts alike are keeping a close eye on XRP’s trajectory, weighing both bullish scenarios and potential pitfalls as September unfolds.
