The price of XRP has been shrouded in uncertainty due to the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). While Ripple initially secured a victory when the court declared XRP was not a security, the cryptocurrency market anticipates that the case’s final resolution will significantly impact the asset’s price.
In this context, Finbold sought insights from Google Bard, an interactive artificial intelligence (AI) tool, to understand how XRP might trade if Ripple and its executives emerge victorious after the case.
In response to Finbold’s inquiry, Google Bard stated that a favorable outcome for Ripple in its case against the SEC could lead to a substantial surge in the price of XRP. Bard’s prediction suggests that, in the short term, the price of XRP could range from $2.50 to $3.00.
XRP seven-day price chart. Source: Finbold
According to technical analysis based on one-day data obtained from TradingView, XRP currently exhibits a bearish trend. The summary indicates a ‘sell’ signal at 10, while moving averages suggest a ‘strong sell’ at 13. Oscillators are neutral at 9.
XRP technical analysis. Source: TradingView
In the meantime, XRP continues to trade in tandem with the general crypto market.
Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
