XRP has been in dire straits for some time, mainly due to the influence of developments in the Ripple and Securities and Exchange Commission (SEC) lawsuit.
It has already been 6 years since the all-time high of the coin, which means that some investors have been in losses for a long time. Yet many people expect that the price could rise sharply in the long run. But how hard?
Analysts have asked ChatGPT, one of the best-known Large Language Models (LLMs), to provide a price forecast for XRP and that looks positive. According to ChatGPT, the XRP price could rise to $50 within 20 years.
Can the XRP price reach $1 this year?
In January 2018, the price of XRP reached its all-time high of $3.40. Currently, the value of this altcoin is about 85% below that peak. A key next price target for XRP is reaching the $1 level.
According to ChatGPT, it is possible that XRP will reach this price this year, which amounts to almost doubling its current price. The last time XRP traded stably above $1 was in November 2021, almost three years ago.
Is an XRP price of 50 dollars possible?
Analysts have asked ChatGPT if an XRP price of $50 is possible. However, according to ChatGPT, we need to be patient, as the model predicts that a price of $50 cannot be reached until 2045, which is still 21 years in the future.
Reaching this price level would mean that XRP would achieve a total market value of $5 trillion. This would be an impressive milestone considering the current total market value of all cryptocurrencies combined currently stands at $2.5 trillion.
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Source: https://newsbit.nl/kan-de-ripple-xrp-koers-50-dollar-worden/
