Will XRP Dive Below $1 in February? ChatGPT reassessment after Ripple crash

The last time we asked ChatGPT this question, it was quite dismissive. Now the answers were considerably less optimistic.

However, the subsequent rejection and correction were brutal. After several consecutive legdowns, the high, at least for now, occurred earlier today, when the price fell below $1.40 and is now struggling at $1.35. That’s why we decided to revisit a painful question for ChatGPT.

Now under $1?

CryptoPotato first asked this question this weekend, when the landscape surrounding Ripple and its native token was not so grim. XRP was trading around $1.60 after the most recent crash, but it looked like it had bottomed out. Perhaps that’s why most AIs agreed that the chances of a drop below $1.00 in February were quite slim at the time.

However, that perceived bottom gave way during the current trading week, as mentioned above. That’s why we asked ChatGPT whether its view on the issue will now change.

The AI’s short answer was yes, because the probability of such a decline is “meaningfully higher now than when XRP was at $1.60-$1.70.” At the time, the token was still trading above major structural support, and the broader market had not yet turned around as decisively. There was no confirmed breakdown of the higher-term levels, and sentiment was not entirely bearish.

However, a lot changed in the following days. Momentum has entered a downward spiral as XRP sold aggressively, “cut through intermediate supports and failed to hold rebounds.” Furthermore, February has only just begun, and there is too much time for such a decline to occur if overall conditions do not improve soon.

Dip or collapse?

Given current conditions, ChatGPT believes that the probability of XRP remaining above $1.00 in February is approximately 40%. It expects some consolidation and choppy trading to occur after such increased volatility and declines.

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However, the report also noted that there is a 35-40% chance of a liquidity surge to just under $1.00 in the coming weeks. It would be caused by a rapid sell-off, resulting in a panic attack, before a sharp recovery. This scenario, it now added, has become “very real”.

It still dismissed the possibility of a full breakdown below $1.00, saying rates are now around 15-20%. While this scenario seems the least likely for ChatGPT, it still acknowledged that it had gone from negligible (over the weekend) to very possible (now).