CandleFocus

ChatGPT says XRP price will hit this target by March 2025

ChatGPT says XRP price will hit this target by March 2025
XRP has seen a significant decline in value, dropping over 20% in a week and 30% over the past month. This can be attributed to broader market turbulence and regulatory uncertainty. The ongoing legal battle between Ripple and the SEC is a key factor dampening investor sentiment. Other market factors, such as macroeconomic pressures and derivatives market trends, also contribute to XRP's downward trajectory. On-chain data shows that large holders have been selling XRP, further putting pressure on the asset. Additionally, the unlocking of 1 billion XRP adds to the uncertainty and potential selling pressure. The AI model ChatGPT suggests two potential scenarios for XRP's future: a rebound if it reclaims and maintains $2.20, or a deeper decline if it slips below $1.80. The ability to maintain key support levels and Bitcoin's performance will play a significant role in determining XRP's price movement in early 2025.

Related News