Blockchain company Ripple plans to roll out a stablecoin to take on established players such as Tether (USDT), which dominates the sector.
Notably, a section of the market believes that the rollout of a Ripple stablecoin will likely impact the price of XRP, which has largely traded in consolidation below $1, failing to catch up with peers such as Bitcoin (BTC).
In this context, Finbold turned to OpenAI’s most advanced artificial intelligence (AI) tool, ChatGPT-4o, to understand how XRP will trade if Ripple finally rolls out a stablecoin.
XRP price prediction. Source: ChatGPT-4o
XRP price analysis
As of press time, XRP was trading at $0.52, having registered gains of about 0.65% over the last 24 hours. However, the asset has suffered notable losses on the weekly chart, dropping by over 3% and failing to breach the $0.55 resistance level.
XRP seven-day price chart. Source: Finbold
Currently, the $0.50 mark holds significant importance for the asset, as it has recently served as both support and resistance. The price must hold above this level and gain momentum to validate any bullish trend.
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