According to the crypto data aggregator platform, on January 16 the price XRP reached a yearly high of $3,38. The cryptocurrency's rapid rise has investors wondering what the asset could be worth if spot XRP - ETF .
According to the chatbot Chat GPT from OpenAI, US regulator approves spot XRP -the fund will have a moderate impact on the value of the asset, resulting in XRP may rise in price within $5-$10.
Gave out Chat GPT and a more optimistic scenario, in which the rate XRP will reach $50 or even $100 amid the rush of investor demand and a significant influx of capital into cryptocurrency funds.
In the medium term, in a bull market, growth to $10-$50 is likely, and in speculative scenarios, to higher levels.
In a more optimistic scenario, the price XRP could reach $30 thanks to strong demand from institutional players such as asset managers and pension funds, a significant rise in popularity XRP Ledger for cross-border payments and favorable macroeconomic conditions.
A similar analysis by xAI's Grok chatbot found that a conservative price estimate XRP is $5. The forecast is based on the dynamics of the Bitcoin price after the approval of spot bitcoin ETF 10th of January 2024
In a more optimistic scenario, Grok expects a price increase XRP in the range of $10 to $15 amid a significant influx of funds from institutional investors.
Analysts' forecasts are not much different from AI estimates. For example, JPMorgan expects the launch of spot funds to lead to growth XRP up to $5-$8. Popular analyst TheCrypticWolf predicted the rise in price of cryptocurrency to $10-$16.
Spot XRP - ETF could be approved as early as this year. Investment companies Bitwise, Canary Capital, 21Shares and WisdomTree have submitted applications to create funds.
