A drop to $1.60 or a double-digit spike: what comes next?
We turned to four of the most well-known AI-powered chatbots to check whether further increases are in store and how high the valuation could rise by Thanksgiving.
The potential pump
ChatGPT estimated that XRP could continue its recovery and rise to the $2.10-$2.25 range by the holiday, which is celebrated on November 27 this year. It claimed that the probability of such an increase is 70%.
Moreover, it predicted that if Bitcoin (BTC) moves higher and the XRP ETFs catch investors’ attention, its valuation could rise to $2.80 and even $3.20.
Earlier this month, the US witnessed the launch of the first exchange-traded XRP funds, which have 100% exposure to the asset. The products were introduced by Canary Capital and Bitwise, and this week investors are awaiting the conversion of Grayscale’s XRP Trust into an ETF.
While the development could spark renewed interest in the cryptocurrency, ChatGPT warned that a possible sell-the-news response could push XRP back below $2. The price drop that followed the launch of Canary Capital’s spot ETF should serve as an example of this effect (although other factors also contributed to the pullback).
According to Grok’s “realistic” estimate, XRP could reach $2.30 by Thanksgiving. It also outlined an “ultra-bullish” forecast, expecting the value to rise above $3 but under some crucial conditions, including the return of the whales.
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It’s important to note that major investors have been on a massive selling spree lately, selling nearly 1.5 billion tokens in the past month. Last week they released another 190 million XRP, putting new pressure on the market and perhaps causing even more panic among smaller players.
Another correction?
Perplexity and Gemini were not so optimistic. The former argued that the next few days could bring another pullback or consolidation (at best), and predicted that upside momentum could emerge after the holidays.
Google’s Gemini stated that the market is currently in a “strongly bearish phase,” predicting that the price of XRP could fall to $1.60 by Thanksgiving.
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