AI predicts XRP price if ETF is launched 
Cryptocurrency Sep 13, 2024 Share
After digital asset manager Grayscale announced the launch of an XRP Trust, possibly a strategic step toward the first XRP (XRP) spot exchange-traded fund (ETF) in the United States, artificial intelligence (AI) models have offered XRP targets if an XRP spot ETF truly happens.
Specifically, Grayscale’s announcement immediately triggered a bullish rally for the XRP token, making it one of the top performers in terms of price movements and market capitalization in the past 24 hours alongside Quant (QNT) and Worldcoin (WLD), which is why AI models are optimistic.
We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale $XRP Trust, which will be available through private placement.
Available to eligible accredited investors.
Read the press release: https://t.co/rOmVPUSFxZ pic.twitter.com/WEhk849RmT
— Grayscale (@Grayscale) September 12, 2024
ChatGPT-4o’s XRP price prediction
Indeed, in this context, Finbold has consulted several AI models for insights regarding the possible price range for XRP if the token actually gets its own spot ETF, starting with the OpenAI brainchild ChatGPT-4o, which has offered a price range between $0.67 and $0.75.
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On the other hand, the AI chatbot pointed out that it was also “crucial to account for the uncertainties and market dynamics” and that the “actual performance will depend on the broader market conditions and investor sentiment at the time of the ETF launch.”
Meta AI’s XRP price prediction
Furthermore, the Meta Platforms (NASDAQ: META) AI assistant, Llama 3.1, has observed that “in the short term, the launch of an XRP spot ETF could lead to a significant price surge, potentially reaching $0.75 or higher, as the XRP price is currently stuck within a medium-term pennant structure.”
“It’s also worth mentioning that the launch of an XRP spot ETF would likely increase the demand for XRP, potentially leading to higher prices. However, the actual price range for XRP would depend on various factors, including the market’s reaction to the ETF launch, the level of investor interest, and the overall market conditions.”
Google Gemini’s XRP prediction
Finally, the generative conversational AI innovation by Google’s parent company, Alphabet (NASDAQ: GOOGL), called Google Gemini, has listed three scenarios for the potential price of XRP following the launch of a spot ETF based on institutional adoption, regulatory clarity, and market sentiment:
XRP prediction scenarios. Source: Google Gemini
Analysts’ XRP price prediction
Elsewhere, renowned pseudonymous markets trading expert TradingShot has stressed that Grayscale’s new Trust launch could be the “dawn of a new era” for cryptocurrencies but also observed a bearish trend for XRP since July 13, 2023, “within a Channel Down pattern,” in a TradingView post on September 13.
XRP performance analysis and prediction. Source: TradingShot
As the analyst further highlighted, XRP is “past the new High, having formed a series of Lower Highs, which have emerged every time after a top,” adding that this “trend-line didn’t break in the past and pushed the price Lower to at least the 0.618 Fibonacci Channel level,” so the sentiment remains bearish:
“As a result, we can’t turn bullish short-term as long as the Lower Highs hold. The action remains bearish, targeting 0.4000 (Fib 0.618). The moment however the price breaks above the Lower Highs trend-line, we will take the short’s loss and turn bullish, targeting the 2.0 Fibonacci extension at 1.1275.”
XRP price analysis
Meanwhile, XRP was at press time changing hands at the price of $0.56858, reflecting a 5.12% increase in the last 24 hours, adding to the 6.05% gain across the previous seven days and reducing the monthly losses to 1.40%, according to the data on September 13.
XRP price 7-day chart. Source: Finbold
Ultimately, XRP might reach the price set by any of the AI models above if it gets its own spot ETF like Bitcoin (BTC) and Ethereum (ETH), but trends in the crypto market can easily change, so doing one’s own research, including keeping up with any XRP news, is critical when investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.