AI forecasts the price of XRP on July 1 2024

In the year 2024, the anticipation for XRP to rise once again and regain its position among the leading cryptocurrencies has remained steadfast. This hope has been fueled by some positive, yet uncertain, developments in Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC).

Despite these high hopes, XRP has encountered significant fluctuations since the beginning of the year. Despite a notable surge in March, the current price of XRP hovers around $0.48, marking a 22.69% decrease from its value on January 1.

With both optimism and the shadow of the legal battle looming, Finbold sought insights from top artificial intelligence (AI) models on where XRP might stand on July 1.

The first prediction came from OpenAI’s advanced ChatGPT-4o model, which forecasted a conservative price of $0.50 for XRP by July 1, considering its trading trends in 2024.

Microsoft’s Copilot, in its ‘balanced’ mode, provided three potential price targets for XRP. The model suggested a rise to $0.519 in the worst-case scenario, $0.583 in the best-case, and most likely a climb to $0.559.

Alphabet’s Gemini, previously known as Google Bard, stood out as the most bullish predictor. The platform not only predicted a forthcoming rally for XRP but also estimated a new yearly high of $0.82 by July 1.

Lastly, machine learning algorithms from PricePredictions, specialized in forecasting asset prices, projected a slight decline for XRP in the upcoming week, placing it at $0.448881 by July 1.

It is worth noting that, except for Gemini, most models expressed bearish sentiments towards XRP, with PricePredictions being the only one to forecast an actual price drop.

Disclaimer: The information presented in this article should not be construed as investment advice. Investing carries inherent risks, and capital is always at stake.