OpenAI’s ChatGPT has predicted that XRP is likely to remain below $2 in the coming weeks after the cryptocurrency attracted nearly $30 billion in new market value within a week amid a broader crypto market rally.
The move comes after XRP’s market capitalization surged from $62.48 billion on August 17 to $91.65 billion at press time, an increase of approximately $29.17 billion.
Over the same period, the token climbed 47% to $1.47, making it one of the strongest-performing large-cap cryptocurrencies over the past week.
The rally accelerated after XRP broke above the $1.20 level, triggering a wave of short liquidations and renewed buying interest.
To assess where XRP could be headed next, Finbold asked OpenAI’s ChatGPT to evaluate the cryptocurrency’s recent price action, market capitalization growth, and broader market dynamics.
According to the AI model, XRP’s latest rally appears to have been driven by improving fundamentals, renewed investor demand, and a significant short squeeze that forced bearish traders to close positions.
ChatGPT estimated XRP’s current fair value range at between $1.40 and $1.70, suggesting the token is trading close to its intrinsic value following the recent surge.
Under its base-case scenario, the model projects XRP could trade around $1.90 within the next four to eight weeks, assuming spot demand remains healthy and capital continues flowing into the asset.
XRP’s path to $2
According to ChatGPT, XRP’s path toward $2 will largely depend on whether the cryptocurrency can continue attracting genuine spot-market demand rather than relying on leverage-driven speculation.
The model noted that if XRP can expand its market capitalization beyond $120 billion without a sharp increase in derivatives activity, the probability of a move toward the $2.10 to $2.40 range would increase significantly.
However, the AI also warned that a cooling in market sentiment or a sharp unwind in leveraged positions could trigger a pullback toward the $1.15 to $1.25 region before the next leg higher.
While the broader crypto market recovery provided a supportive backdrop, asset-specific factors amplified XRP’s rally.
Market analysis indicates that falling Treasury yields, whale accumulation, and large-scale short covering helped fuel the advance.
One report on August 20 estimated that approximately $300 million in whale buying withing hours and billions of dollars in forced short covering contributed to XRP’s rapid move from around $1 to above $1.45.
At the same time, XRP remains well below its 2025 all-time high, leading some investors to view the asset as relatively undervalued compared to other major cryptocurrencies.
Featured image via Shutterstock
