Ripple: What are the growth prospects for the XRP crypto?

Wed 23 Aug 2023 ▪ 3 min of reading ▪ by Luc Jose A.

Over the past few weeks, there have been several positive developments surrounding the Ripple XRP crypto. Some of these have been extremely positive, with several experts wetting their oats in favor of its price explosion. But what’s really going on?

XRP cryptocurrency logo

Ripple’s XRP crypto in a declining performance situation

Ripple’s XRP crypto is currently worth $0.49. It has fallen by 4.44% in the last 24 hours. This represents a 6.94% drop over the past week. Recently, however, Thomas Kralow predicted that the price of XRP could soar to $30.

His prediction was based in particular on Ripple’s partial victory over the SEC handed down by Judge Analisa Torres. In the wake of this decision, XRP seemed to have recovered. But things have taken a turn for the worst of late.

Over the past two weeks, XRP has lost around 10% of its value. Experts attribute this to the SEC’s call, which is said to have sown uncertainty among the asset’s holders. As a result, many of them began selling off their holdings.

With doubts hanging over XRP’s growth potential in the wake of this development, ChatGPT was once again called upon. The conversational agent is asked to give its opinion on the asset’s valuation potential in a bull market.

XRP growth prospects during the next bull market

XRP prospects according to ChatGPT

The conversational agent didn’t venture to put out any figures on XRP. However, the tool did engage in a sort of factorial analysis of the crypto. Its opinion suggests a series of factors that could influence the crypto price.

ChatGPT’s main factor influencing the potential rise in XRP’s price is market perception. If the latter is positive in the minds of investors, this can amplify interest in the crypto and encourage its adoption.

It goes without saying that sustained adoption of XRP could lead to a rise in its price on the crypto market. A dynamic that could also be seen with a strengthening of optimism around the asset. Especially if the SEC appeal fails, for example. The overall situation of the crypto industry is also decisive for the trajectory of the XRP price. A generalized bull run in the market would be profitable for all cryptos, including XRP. This was notably the case during the last bull run from mid-2020 to the end of 2021. A period which saw most cryptos reach record levels.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.