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ChatGPT-4o predicts the price of XRP after the launch of Ripple’s stablecoin
Blockchain company Ripple plans to launch a stable currency to take on established players like Tether (USDT), which dominates the sector.
In particular, a part of the market believes that the launch of a Ripple stablecoin will likely impact the price of XRPwhich has been largely trading in consolidation below $1, failing to catch up to peers like Bitcoin (Bitcoin).
In this context, Finbold turned to OpenAI the most advanced artificial intelligence (TO THE) tool, ChatGPT-4oto understand how XRP will trade if Ripple finally launches a stablecoin.
Factors influencing the price of XRP
The tool offered a speculative analysis of the potential impact of Ripple’s stablecoin on the price of XRP. According to the tool, the introduction of a Ripple-backed stablecoin is expected to generate significant interest in the market.
Stablecoins, known for increasing liquidity and facilitating multiple transactions within a network, could significantly strengthen XRP’s utility and attractiveness. If the stablecoin sees strong adoption, this could lead to a surge in positive sentiment around XRP.
At the same time, the AI platform noted that Ripple’s legal battles, particularly with the US Securities and Exchange Commission (SEC), remain a critical factor. A favorable resolution to these legal issues could significantly improve investor trust in XRP. Conversely, continue regulatory The challenges could dampen market enthusiasm.
The tool also highlighted that, in addition to the impact of stablecoins, Ripple’s strategic partnerships and its adoption technologies Of financial institutions play a crucial role. Greater integration of Ripple’s solutions into the financial sector could increase demand for XRP. Also, wider cryptocurrency Market trends will inevitably impact XRP.
ChatGPT-4o XRP Price Prediction
With the current trading price of XRP at $0.52, ChatGPT-4o outlined two possible scenarios for the price trajectory if the stablecoin is unveiled. In a scenario where the stablecoin launch is very successful, leading to increased liquidity and adoption, coupled with a favorable regulatory environment and a bullish crypto market, XRP could see a significant rise from $0.80 to $1.20 in the near future and medium term.
Alternatively, if the stablecoin launch fails to generate substantial interest or if Ripple encounters adverse regulatory outcomes, the price of XRP could decline. In a bear market or in case of adverse news, XRP could drop from $0.30 to $0.40.
XRP Price Prediction. Source: ChatGPT-4o
XRP Price Analysis
At the time of writing, XRP was trading at $0.52, having posted gains of around 0.65% over the past 24 hours. However, the asset suffered notable losses on the weekly chart, falling by more than 3% and failing to clear the $0.55 resistance level.
Currently, the $0.50 threshold holds significant importance for the asset, as it has recently performed both tasks support and resistance. The price must sustain above this level and gain momentum to validate any bullish trend.
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