The post AI predicts XRP price for year-end appeared on BitcoinEthereumNews.com.

Despite the overall cryptocurrency bull market prevalent through much of 2024 – albeit with its own ups and downs – XRP’s trajectory has remained mostly downward. Indeed, through its erratic and volatile performance since January, XRP has landed at $0.53 at press time on October 29, meaning it is 14.19% below the price it started the year at. XRP YTD price chart. Source: Finbold The token’s persistent staying in the red can be linked to several important factors, including the ongoing legal battle against the Securities and Exchange Commission (SEC) – a battle set for a new chapter as Ripple announced that it is filing a cross-appeal – and Ripple’s escrow schedule, which sees hundreds of millions, if not billions, of tokens released in short timeframes, being among the most cited. Still, many cryptocurrency investors remain certain that XRP will emerge stronger on the other side. To gauge when this hoped-for upside might come, Finbold consulted advanced artificial intelligence models on where the token might stand at the end of 2024. Key drivers of XRP price in the final months of 2024 Specifically, Finbold turned to the ChatGPT-4o AI model for a year-end XRP price target, as well as a detailed analysis of factors likely to lead to such a valuation.  The platform identified a set of important developments, including the Ripple Swell Conference, the preparations for a futures project, the possible XRP exchange-traded fund (ETF), and more general technical indicators and the likely resolution of the SEC fight. ChatGPT-4o outlines the main factors influencing XRP price in the final months of 2024. Source: ChatGPT & Finbold Out of the events and announcements at the Swell Conference, ChatGPT singled out the exchange partnerships for the RLUSD stablecoin and the hopes for regulatory approval from the New York Department of Financial…

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Filed under: News - @ October 29, 2024 3:28 pm