Ripple’s XRP has headed south over the past several months and is currently trading at around $2.08, or 45% below the all-time high of $3.65 registered in the summer.
The question now is whether the downtrend will intensify by Christmas or if the price is gearing up for a new peak. To get a clearer perspective, we asked four of the most widely used AI-powered chatbots to share their take on the matter.
What’s More Likely?
ChatGPT claimed that a plunge to $1 is possible given the current condition of the crypto market and the whale exodus witnessed as of late. Earlier this year, the large investors offloaded almost 1.5 billion XRP tokens in the span of just one month, whereas recently they sold an additional 510 million coins in a week.
Such a sell-off is generally considered bearish, as it signals reduced confidence in the asset among this cohort of market participants. Some community members believe that whales have inside information about events that may significantly impact the price. As such, their coordinated selling spree could indicate an impending correction. In addition, their efforts might infuse panic among smaller players and prompt them to cash out as well.
On the other hand, ChatGPT argued that a pump to a fresh historic peak by Christmas is “extremely” unlikely. “To reach a new ATH, XRP would need a 75% rally in weeks, which typically requires euphoria and enormous liquidity inflow not present right now,” it added.
Grok, the AI chatbot integrated in the social media platform X, was more bullish. It estimated that a drop to $1 is “highly improbable and almost trivial” given the current price of $2.08.
“XRP hasn’t traded below $1.80 since late November, and with ETF momentum building, the floor appears firm at $2.”
The chabot sees the rise to a new ATH as the more plausible scenario, although describing such a rally as a “stretch.” It claimed the most likely price for XRP by Christmas will be in the $2-$2.50 range.
Neither One
Perplexity argued that there’s almost no chance of XRP crashing to $1 or surpassing $3.65 by December 25. It predicted that the price may surge to a maximum of $3.10 in the event of a broader bull run in the crypto market. Google’s Gemini shared a similar stance, saying:
“The most likely scenario is neither extreme, but rather a continuation of the current price trend (hovering in the $2 to $3 range) or a move higher towards the previous ATH without quite reaching it.”
The post $1 or New ATH by Christmas? Here’s What 4 AIs Expect for Ripple (XRP) appeared first on CryptoPotato.