In 2024, as in the years before, hope that XRP will rally to reclaim its place among the major cryptocurrencies has persisted and has even been spurred on by some positive, though uncertain, developments in Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).
Despite the hopes, the token has experienced significant volatility since the year started, and despite going through a significant rally in March, XRP price today stands near $0.48, and the cryptocurrency is 22.69% below its January 1 value.
XRP YTD price chart. Source: Finbold
Keeping both the optimism and the depressing effects of the courtroom fight against the regulator in mind, FInbold decided to consult some of the most prominent artificial intelligence (AI) models on where XRP might stand on July 1.
AI predicts July 1 price of XRP
The first to offer a July 1 price target for XRP was OpenAI’s advanced ChatGPT-4o model. The AI concluded that the token has traded in such a way in 2024 that anything other than a conservative prediction – placing it at $0.50 in one week’s time – would be unreasonable.
ChatGPT forecasts XRP price for July 1. Source: Finbold & ChatGPT
Microsoft (NASDAQ: MSFT) Copilot – or at least its ‘balanced’ mode – proved highly diligent and offered 3 price targets. According to Copilot, XRP will rise to $0.519 in the worst-case scenario, to $0.583 in the best-case, but is mostly likely to climb to $0.559.
Copilot forecasts XRP price for July 1. Source: Finbold & Copilot
In many ways, Alphabet’s (NASDAQ: GOOGL) Gemini – formerly known as Google Bard – was, in many ways, the biggest outlier. Not only did the platform state that XRP is poised for a rally in the coming days, but it estimated it would reach a new yearly high on July 1 and find itself at $0.82.
Gemini forecasts XRP price for July 1. Source: Finbold & Gemini
The last to be consulted were the machine learning, AI-driven algorithms of a platform specialized in predicting the future prices of various assets – PricePredictions. According to the platform, XPR is likely to fall in the coming week and stand at $0.448881 in seven days time.
XRP price prediction for July 1. Source: PricePredictions
Finally, it is interesting to note that while all models except for Gemini were outwardly bearish on the token, PricePredictions was the only platform to forecast an actual price drop.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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