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XRP has faced significant hurdles on the journey to $5, with analysts and AI chatbots such as Google Bard and ChatGPT predicting a potential timeline for the token to reach the price point.
Notably, XRP currently trades for $0.5763, up 1.18% over the past 24 hours, as the broader market looks to recover. Nonetheless, the token is still down 6.43% this month. At this price, clinching $5 would require a 767% surge in XRP’s value.
Many proponents continue to wonder when XRP will reach the elusive $5 mark. To answer this question, we gathered the opinions of four entities: ChatGPT, the prominent AI chatbot from Open AI; Google Bard, Google’s AI chatbot; EGRAG, a notable crypto market analyst; and Mr. Huber, an on-chain sleuth.
XRP Could Hit $5 from 2024 to 2030
They all offer different perspectives and timelines for XRP’s potential growth, based on various factors and assumptions.
ChatGPT predicts that XRP will hit $5 by the end of 2024. The chatbot cites a revolutionary upgrade and widespread adoption in major financial institutions as the main drivers of this surge.
It expects the market to react positively to these transformative developments and push the price up rapidly.
Mr. Huber’s response, also from a ChatGPT reply, was the most bearish of the four, projecting that XRP will reach $5.17 in 2030.
Data from an accompanying image shows that the chatbot bases this estimate on the historical trend from 2013 to 2024, where the price of the coin increased from $0.01 to $0.57.
XRP Could Hit $5 in 90 Days to 3 Years
EGRAG is the most bullish, forecasting that XRP will reach $5 in 90 days. He believes that XRP is in the initial wave 1 of a prolonged bull market, which will last for several months.
The prominent analyst attributes this prediction to a bear market bounce versus a bull market bounce, implying that XRP has bottomed out and is ready to soar.
Google Bard was rather cautious, stating that predicting the future price of any cryptocurrency is notoriously difficult, and XRP is no exception. The AI chatbot acknowledges that several factors can influence its price, making any specific timeline for reaching $5 highly speculative.
It identifies three positive factors that could boost XRP’s price: the resolution of the SEC lawsuit; increased adoption, which could increase the demand and utility of XRP; and the general market sentiment, a factor that could lift the entire crypto market.
Bard also identifies three negative factors that could hinder XRP’s growth. These negative factors include competition from other assets like Stellar (XLM), regulatory pressure, and unforeseen events.
Based on these factors, Bard proposes three possible timelines for XRP reaching $5: short term (within 1 year), mid-term (1-3 years), and long term (3+ years). It emphasizes that these are only scenarios, not predictions, and that they depend on various factors aligning perfectly.