XRP has frequently faced criticism for its perceived dormancy in the cryptocurrency market, notably for its inability to reclaim the $1 mark, raising questions about the token’s long-term sustainability.
XRP investors anticipate when the cryptocurrency might breach critical levels, such as $5, aligning its performance with peers like Bitcoin (BTC) and Ethereum (ETH).
In this context, OpenAI’s most advanced artificial intelligence (AI) tool, ChatGPT-4o, provided insights into potential timelines for XRP trading at $5. The AI platform provided projections based on historical data, market trends, and potential catalysts.
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Catalyst behind XRP’s push to $5
ChatGPT-4o acknowledged that historically, XRP reached its peak of approximately $3.84 in January 2018 but has since experienced notable volatility without revisiting such highs.
Regulatory developments, particularly the outcome of the Securities Exchange Commission (SEC) lawsuit against Ripple Labs, significantly influence XRP’s price. ChatGPT-4o noted that a favorable resolution could instill confidence among investors and drive the price upward.
Furthermore, increased adoption of Ripple’s technology by financial institutions and broader utilization of XRP as a bridge currency could positively impact its price. Market trends, often influenced by Bitcoin’s performance, play a pivotal role in shaping the trajectory of altcoins like XRP.
When will XRP hit $5?
Assuming favorable regulatory outcomes, heightened adoption rates, and a bullish market trend, ChatGPT-4o suggested that XRP could potentially achieve the $5 mark during the next major bull run, which historically occurs every three to four years. Considering these factors and the current market landscape, it appears plausible to anticipate XRP hitting $5 around the year 2025 or 2026, provided favorable conditions persist.
In addition to the elements highlighted by the AI tool, analysts maintain a bullish stance on XRP’s prospects. For instance, a crypto analyst by the pseudonym leb_crypto, in an X post, urged investors to respect XRP’s current trajectory, noting its potential for a bullish breakout.
The analyst highlighted key price levels to monitor, indicating a bullish trend if XRP reclaims $0.75, neutrality at $0.45, and potential bearishness if it loses the $0.45 support.
Moreover, anticipation surrounds the possibility of a spot XRP exchange-traded fund (ETF) and a Ripple stablecoin launch, which would serve as bullish catalysts for the token.
XRP price analysis
At the time of reporting, XRP was trading at $0.50, showing signs of recovery from the flash crash experienced on June 7. Over the past 24 hours, XRP has seen nearly a 1% increase, while on the weekly chart, the token has declined by almost 4%.
In the meantime, for XRP to reach $5, the token needs to reclaim $1, as any sustained bullish momentum hinges on this price level.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
