Will Ripple’s XRP Plunge Again in the Next Week? ChatGPT’s prospects are not good

XRP has been heading south in the last seven days, so what’s next?

Although bitcoin and BNB hit new all-time highs this past week, Ripple’s native token failed to regain its recently lost momentum and posted a painful loss, especially after Friday night’s meltdown.

With Uptober almost halfway through, here’s what ChatGPT thinks could happen in the coming week and whether XRP has the ability to rise above its current unfavorable condition.

Will XRP reverse the trend?

XRP’s recent demise is most evident in its decline in market cap rankings. The asset was ranked third until recently, but the impressive rise of BNB and the steady rise of USDT have turned the tide, and XRP now ranks fifth.

The 21% weekly decline didn’t help either. ChatGPT also recognized the recent performance of BNB and even BTC, both of which have reached new highs in recent days. It noted that these two have sucked liquidity out of ‘lagging’ assets like XRP. There was also mention of the daily RSI sliding into the neutral/oversold zone, which is a sign of cooling momentum.

According to OpenAI’s chatbot, XRP has already fallen a few crucial support levels at USD 2.70 and USD 2.50. The next ones are at $2.20 and $2.00. In contrast, the first resistance that the country needs to overcome to resume its bull rally is at $2.70, followed by that at $3.00-$3.10. Overall, ChatGPT concluded that the landscape surrounding XRP is somewhat concerning.

“Trendline: The short-term trend has turned slightly bearish after several weeks of sideways trading.”

Actual figures

The AI ​​solution offered the best odds (45%-50%) for a bearish continuation in the coming week, during which the asset’s price could gradually decline to $2.10, which would position it between the two major support levels mentioned above. Even if XPR doesn’t drop that much, ChatGPT sees the token remaining well below the crucial $3.00 level.

The neutral/consolidation probability will be somewhere around 30%-35%, according to the AI ​​product. This could be possible if XRP finds solid support at USD 2.20 but fails to overcome the USD 2.70 resistance and trades between the two in the coming week.

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The least likely scenario according to the AI ​​is a bullish rebound above $3.00. It only gave a 20%-25% chance of such a rise that could push it to $3.30, but only if strong volume returns and a new Ripple catalyst emerges.