XRP ($XRP) has been one of the most talked-about cryptocurrencies recently, mainly due to the fallout from Ripple Labs’ court battle with the SEC.
ChatGPT has weighed in with its prediction for XRP, forecasting when it expects the token to hit the symbolic $1 price point.
OpenAI’s model has also had its say on the prospects of Launchpad XYZ ($LPX), a brand-new Web3 project that’s in the midst of a highly successful presale phase.
Lingering Regulatory Uncertainty Clouds XRP’s Short-Term Outlook
XRP has been mired in uncertainty amidst its ongoing legal battle with the SEC, causing the token’s value to remain depressed.
Currently trading at just $0.517, XRP is down over 44% from July’s high and has underperformed most of its peers in the cryptocurrency market.
While Ripple Labs did score an initial victory against the SEC last month, the regulator has now appealed the decision, leaving investors uncertain about XRP’s future.
This lingering regulatory uncertainty continues to weigh on XRP’s value, with price posting a bearish weekly close in four of the last five weeks.
XRP’s price is also hovering just above the 200-day Exponential Moving Average (EMA), an essential technical indicator that is a proxy for a token’s long-term trend.
If XRP were to close below this indicator, it could signal further downside – making the next few days critical for its short-term outlook.
ChatGPT Predicts XRP Will Return to $1 in 2024
Despite the uncertainty around XRP, OpenAI’s AI chatbot, ChatGPT, has had its say on the token’s prospects, forecasting when it could hit the crucial $1 level.
In a hypothetical timeline where Ripple’s legal issues are resolved in its favor and the broader market shifts toward a more bullish sentiment, ChatGPT believes $XRP could hit the $1 mark in the first half of 2024.
However, if the current bearish conditions continue and Ripple’s legal uncertainties are still awaiting a conclusion, this may take even longer.
ChatGPT also noted that XRP-specific developments, like partnerships and technological advancements, could speed up the token’s rise to $1.
Since the $1 level was last tapped in December 2021, ChatGPT’s timeline suggests that XRP holders may need to wait a while longer before the token revisits that symbolic price point.
The good news is that ChatGPT believes it’s just a matter of time, which will be great news for beaten-down XRP holders.
ChatGPT Predicts Launchpad XYZ Could Surge 25-30x By End of 2023 As Presale Ramps Up
ChatGPT isn’t just optimistic about XRP’s prospects – the AI model has also highlighted Launchpad XYZ ($LPX) as a project it expects to grow in the latter half of 2023.
Launchpad XYZ is a new platform looking to become a hub for all things Web3, including NFTs, play-to-earn (P2E) gaming, cryptocurrency trading, fractionalized assets, and more.
Launchpad XYZ is currently in its presale phase, offering its native $LPX token for $0.0445 as the developers look to raise funds ahead of its official market launch.
This launch is highly anticipated, given that Launchpad XYZ will offer a suite of tools targeting crypto trading, analytics, and education – aiming to be a comprehensive hub for newcomers and market veterans alike.
With over $1.3 million raised, the momentum is growing around Launchpad XYZ, as demonstrated by nearly 8,000 people following the project’s official Twitter account.
Launchpad XYZ’s progress has also been noticed by popular crypto influencers like Michael Wrubel, who has described $LPX as a “new altcoin that will make you rich.”
ChatGPT has chimed in with its thoughts on $LPX, speculating that if the current momentum can be sustained, the token could see a 3-5x return shortly after listing.
However, by the end of 2023, ChatGPT believes $LPX could reach between $1.11 and $1.33 – representing a 25-30x gain for presale investors.
Although speculative, ChatGPT’s prediction highlights the potential upside for $LPX if Launchpad XYZ can establish itself as a leading hub for Web3 users.