Although the larger part of the cryptocurrency sector has started to slow down its gains, the bullish sentiment is still overwhelming, and many crypto traders and investors are wondering about the future price performance of XRP, specifically by the end of this year.
In this context, Finbold has taken advantage of the recent advances in the field of artificial intelligence (AI) and machine learning, deploying several most popular platforms with the goal of finding the general ranges in the XRP 2024 price prediction.
XRP 1-year price prediction. Source: CoinCodex
In other words, XRP could grow its price by 13.85% by that time, compared to its current value at the time of publication – provided that the forecasts, relying on its historical price trends, technical analysis (TA) indicators, and various chart patterns, indeed, come true.
Meanwhile, the fourth model of the OpenAI revolutionary product ChatGPT, called GPT-4, has offered a possible price target for XRP by the end of 2024 that falls somewhere in the area of $1, based on the multidimensional analysis. Specifically, according to GPT-4:
“While it’s challenging to pinpoint an exact price without specific end-of-2024 predictions from the citations, a conservative yet optimistic analysis might suggest the potential for XRP to approach or exceed the $1 mark by the end of 2024, assuming continued positive development and market sentiment.”
Furthermore, Claude 3 Opus, the latest AI model by Anthropic, predicts the price of XRP to reach a range of $0.80 to $1.20 by the end of 2024, taking “into account the expected price drop in August 2024 and the overall long-term bullish outlook,” as the chatbot observed.
XRP price prediction after lawsuit
It is also worth mentioning that the crypto community is still waiting for the final outcome of the legal battle between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple over selling XRP, which the regulator argues is a security.
And while Judge Analisa Torres ruled in July 2023 that retail sales of XRP did not constitute securities sales, the judgment regarding the damages that Ripple will have to pay over its institutional trades is still pending, and XRP could react in accordance with the result, although specific figures are elusive.
XRP price analysis
As for its price so far in 2024, XRP has advanced by nearly 9%, and most of these gains occurred in the last month, during which it has climbed by 29.29%, as well as growing 9.51% across the previous week, but consolidating in the past 24 hours during which it has declined by 0.67%, currently trading at $0.6766.
XRP 30-day price chart. Source: CoinMarketCap
It should also be noted that pseudonymous crypto analyst Dark Defender has recently observed XRP’s breakout above critical resistance, suggesting that “April will be hot,” and that the token could rally to $1.88 and even $5.85 during the next month, as Finbold reported.
XRP price action analysis. Source: Dark Defender
Ultimately, XRP could truly reach any of the price goals set by the above AI platforms, but the actual figures are difficult to predict and will depend on the asset’s further strength and relevant developments, so doing one’s own research before investing is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
