Summary
⚈ XRP is down short term but shows medium-term strength with mildly bullish indicators.
⚈ Ripple-SEC case outcome and potential U.S. spot ETF approval could drive a price rally
XRP is experiencing a sharp sell-off, in line with the broader cryptocurrency market. However, two artificial intelligence (AI) models have offered a cautiously optimistic XRP outlook for the next month.
At press time, XRP was trading at $2.16, down 5.23% over the past 24 hours and 2.76% on the weekly chart.
The price remains below its 50-day simple moving average (SMA) of $2.22 but well above the 200-day SMA of $1.91, signaling underlying medium-term strength.
The 14-day Relative Strength Index (RSI) stands at 57.7, indicating neutral to mildly bullish momentum. While overall market sentiment is neutral, the Fear & Greed Index at 56 (Greed) reflects a tilt toward investor optimism.
AI predicts XRP’s price
Regarding XRP’s price outlook, Finbold consulted OpenAI’s ChatGPT and Grok AI.
According to ChatGPT, XRP could trade between $2.50 and $3.20 by May 30 if bullish sentiment persists, particularly with increased regulatory clarity or significant banking partnerships.
In a more stagnant environment, the model projects XRP will likely hover around $2 to $2.30. However, if negative sentiment returns, driven by SEC actions or broader market weakness, ChatGPT sees a potential downside to the $1.60 to $2 range.
Meanwhile, Grok AI offered a slightly more conservative forecast. Considering Ripple’s increasing institutional adoption and the current price of $2.16, Grok projected that XRP will trade around $2.40 by May 30.
It suggested a broader trading range between $1.90 and $3, dependent on macroeconomic trends, regulatory updates, and overall market momentum.
Both models agree that regulatory clarity and real-world utility will be key drivers of XRP’s long-term valuation. However, they also warn that volatility remains a defining feature of the crypto market.
XRP’s bullish catalysts
Currently, XRP largely tracks the broader cryptocurrency market. However, several catalysts could spark a rally. Chief among them is the potential conclusion of the Ripple-SEC case, which remains a pivotal driver.
Additionally, growing attention is being paid to the possibility of U.S. approval for a spot XRP exchange-traded fund (ETF), which is expected to boost institutional interest significantly.
Currently, only Brazil has approved such a product, which has had minimal impact on XRP’s price as the SEC continues to delay its decision.
Featured image via Shutterstock
