As the cryptocurrency community awaits the final ruling in the courtroom battle between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, the revolutionary generative artificial intelligence (AI) platform has weighed in on the price of XRP (XRP) after it arrives.
Specifically, after Judge Analisa Torres last year ruled that XRP sales to retail traders did not constitute securities sales but that selling to institutional sales did, the two sides are now in the process of discussing the potential punitive damages that Ripple has to pay for the sales deemed contrary to securities laws.
XRP price 24-hour chart. Source: Finbold
Earlier, in late May, pseudonymous crypto analyst EGRAG CRYPTO suggested that XRP’s performance at the time indicated that its next target lay in the $1.20-$1.50 range, identifying the $0.70 – $0.75 zone as a critical breakout point, as per his X post on May 27.
On the other hand, CoinsKid predicts XRP to hit the low price of $0.40 before the currently seventh-largest asset in the crypto sector by market capitalization could move upward toward the optimistic price levels projected by his peer.
XRP price action analysis and prediction. Source: CoinsKid
All things considered, XRP might reach the price targets set by the AI model, but its predictions should not act as the main guide, and investors should do their own research and keep up with any XRP or Ripple news, Ripple SEC lawsuit updates, and Ripple SEC settlement when making decisions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
