XRP’s focus on fast, low-cost transactions has made it one of the frontrunners in the digital currency space when it comes to utility. At the time of writing, XRP is the third largest cryptocurrency in the world by market cap.
To boot, President Trump’s March 2 announcement of a strategic crypto reserve included a bullish catalyst — as XRP is slated to form part of the reserves.
This announcement ignited a surge in the cryptocurrency market. However, on March 4, the imposition of tariffs on China, Canada, and Mexico caused a market-wide selloff — and a drop in XRP price ensued.
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Although still some 15% off of its $2.94 high reached on March 2, XRP fared relatively well in the latest pullback. Prices did drop down to $2.26, but quickly mounted a recovery.
By press time, the token was changing hands for $2.49, marking a 5.67% gain on the daily chart, which has brought year-to-date (YTD) returns up to 20.41%.
With all of that in mind, Finbold consulted its own artificial intelligence (AI) price prediction tool for a balanced overview of what prices XRP could reach by the end of the month.
AI models set bullish targets for XRP price on March 31
Having factored in technical indicators and market data, the four large language models (LLMs) queried on the topic set an average price target of $3.16 for XRP by month’s end. If met, this forecast would equate to a 26.5% rally from current prices.
The most bullish price target was set by Anthropic’s Claude 3.5 Sonnet, which anticipates that the digital asset could see a surge to $3.85, which implies a 54% upside from prices as of the time of publication.
Claude 3.5 cited a strong uptrend, demonstrated by the digital asset’s 200-day small moving average (SMA) being significantly above its 50-day SMA. Despite the optimistic outlook, it also warned of short-term volatility.
OpenAI’s ChatGPT-4o highlighted the appearance of a Golden Cross on XRP’s chart back in November as a promising technical indicator, and set a $3.20 price target.
In contrast, GPT-40 Mini set the lowest forecast for XRP price — predicting that the asset would trade for $2.75 on March 31. The flagship model’s smaller cousin opined that market sentiment was positive, and that recent development surrounding regulatory clarity could lead to a 10% rally.
Technical analysts weigh in on XRP
Technical analysts remain divided on the token’s near-term price action. Noted crypto expert Ali Martinez posited that a head and shoulders chart pattern is forming. If confirmed, the signal could foreshadow a drop to prices as low as $1 per token.
On the other hand, pseudonymous analyst Dark Defender presented a more bullish analysis based on Elliott Waves. The researcher flagged $1.99 as a key level of support — and put forward the thesis that consistent closes above a support level of $2.33 could propel XRP price to reach a price target of $3.39 in the short term, and possibly levels as high as $5.85.
Readers should also note that AI analysis also outlined a case for a rally to levels in the $2.85 to $3.35 range, should spot XRP exchange-traded funds (ETFs) be approved.
However, traders and investors ought to keep supply and demand dynamics in mind as well. Ripple could be gearing up for a $795 million sale in March, in a move that would apply additional downside risk in the short-term.
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