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Recently, we asked OpenAI’s ChatGPT to suggest the potential value of $XRP in a scenario where Bitcoin attains a new peak at $155,000.
This comes amid suggestions from market analysts that the $155K price point could be in the cards for the premier crypto after the recent $71K re-entry. Meanwhile, $XRP continues to underwhelm, even threatening to retest the $0.4 price channel in the last 24 hours.
ChatGPT $XRP Outlook with Bitcoin at $155k
ChatGPT recognized that estimating $XRP’s price in the event of Bitcoin reaching $155,000 is complex. While noting the absence of a straightforward method to determine $XRP’s value from Bitcoin’s price, it pointed out that past trends might offer some clues.
Accordingly, the AI chatbot highlighted the historical correction in the movement of Bitcoin and altcoins like $XRP, noting that a significant surge in Bitcoin generates a proportionate upswing for altcoins.
Meanwhile, ChatGPT noted that as Bitcoin’s price approaches $155,000, its dominance would determine altcoins’ fate. Specifically, it mentioned that if Bitcoin maintains a high dominance after reaching $155K, altcoins may not witness comparable increases. On the flip side, a decline in Bitcoin’s dominance could redirect investment into altcoins like $XRP.
Backing this view, ChatGPT cited historical records, such as the 2017 cycle, when $XRP peaked at $3.84 after Bitcoin settled above $20K. Notably, $XRP outperformed Bitcoin by registering an above-750-fold price gain.
To gauge $XRP’s outlook for this season, ChatGPT drew on the peak values of Bitcoin and $XRP in the 2021 cycle. Given an increase from approximately $69K to $155K at a ratio of 2.25, ChatGPT projected a similar growth ratio for $XRP. Applying this ratio suggests that $XRP’s 2021 high of $1.96 could rise to $4.41.
However, unlike Bitcoin, which is currently close to its 2021 all-time high, $XRP is significantly down from its 2021 peak. In particular, $XRP trades at $0.5199 as of today. Applying Bitcoin’s projected growth ratio of 2.25 suggests that $XRP’s attainable price point would be $1.16.
Analysts Disagree
Meanwhile, independent analysts have expressed strong disagreement with this outlook. They believe $XRP would similarly set a new all-time high should Bitcoin attain $155k. For instance, Crypto Benny, who recently projected the $155K price for Bitcoin, set $5 as $XRP’s target.