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ChatGPT Predicts XRP Price After Ripple’s $1 Billion Cryptocurrency Purchase
An artificial intelligence (AI) model has made several predictions about the price of XRP following Ripple’s announcement of its intention to create a treasury for the cryptocurrency.
To fund this new XRP treasury, Ripple plans to raise at least $1 billion through a special-purpose acquisition company (SPAC). Part of the treasury will be partially backed by Ripple’s own assets.
Regarding the potential impact on the token’s value, ChatGPT by OpenAI estimated that XRP could reach between $3.30 and $3.60 over the next 6–12 months.
Looking further ahead, the AI model predicts that within 12–24 months, assuming a favorable crypto market growth cycle, XRP could climb to $4–5.
At the same time, the AI cautioned against overly optimistic expectations, noting that a sharp rise to $20 or higher would require major additional catalysts, such as ETF approval, large-scale banking adoption, or significant regulatory breakthroughs.
Currently, XRP’s price trend remains bearish, mirroring broader market behavior.
As of the evening of October 18, the token was trading at $2.37, up 2.4% for the day, while remaining 3.6% higher on the weekly chart.
From a technical perspective, XRP shows weakness as it trades below both the 50-day simple moving average (SMA) at $2.85 and the 200-day SMA at $2.62, indicating a persistent bearish trend.
The short-term moving average lying well above the current price suggests a strong downward momentum, making it difficult for buyers to regain control.
The 14-day Relative Strength Index (RSI) stands at 30.25, indicating that XRP is near the oversold zone, which may signal a potential easing of selling pressure.
See also: "Most Traders Believe Bitcoin Will Drop Below $100,000"
