The new XRP ETFs are barely a month old, but are already attracting a lot of interest. Nearly $1 billion of capital flowed in at record speed, even faster than the first Ethereum ETFs. And that makes investors think: what if the inflow increases much further?
XRP price remains stuck around 2 dollars
The XRP price has been hovering around $2 for a while now. That turns out to be a strong psychological level. The coin benefits from the ETF hype, but is at the same time held back by the weakness in the broader crypto market. Yet there is hope: analysts and artificial intelligence see room for a strong price increase.
What if ETFs attract $10 billion?
What happens to the XRP price if ETF inflows reach $10 billion? Finbold posed that question to OpenAI’s ChatGPT. The AI āācame up with multiple scenarios, depending on how the market develops.
In an average scenario, where inflows continue steadily and market sentiment remains neutral, ChatGPT expects a price between $4.50 and $6. If the inflow continues strongly and the market responds positively, a price between 7 and 9 dollars is within reach.
Even in a more cautious scenario, where large investors take profits or interest in ETFs wanes somewhat, a price of 3.20 to 3.80 still remains realistic.
According to the analysis, with 10 billion inflows, approximately 20 to 30 percent of the available XRP supply would be locked up in ETFs. This results in less supply on the market and can further support the price.
AI sees biggest increase between 3 and 8 billion
According to ChatGPT, the largest price movement does not occur at 10 billion, but slightly before that: between 3 and 8 billion dollars. In that phase, investors realize that structurally less XRP becomes available. After that, the effect of inflow decreases, and expectations mainly drive the price.
The AI āāmodel puts the most likely price target at $5.25, with fluctuations between $4.50 and $6.50 depending on how the market develops.
Source: https://newsbit.nl/ai-voorspelt-xrp-prijs-als-etf-instroom-10-miljard-dollar-bereikt/