The future price of Ripple's XRP has sparked a lot of debate and different opinions among analysts and enthusiasts. We turned to one of the most advanced artificial intelligence models on the market to predict when XRP will reach $9 and what factors will contribute to it.
Anthropic's Claude #AI chatbot presented a very plausible scenario of #XRP reaching the $9 mark.
What would it take for XRP to reach the $9 dollar mark?
Claude explained that XRP could reach this mark if it becomes the primary method of cross-border payments among major banks. If this happens, the demand for the coin will increase dramatically and its value will increase. However, this scenario still seems distant as XRP's penetration into the banking sector is slower than expected.
In addition, Claude noted that the situation around XRP is not entirely clear. The US Securities and Exchange Commission accused #Ripple of selling unregistered securities, which led to a protracted legal dispute and called into question the status of XRP. This regulatory uncertainty has held back prices for years, preventing XRP from capitalizing on the bull rally that #bitcoin has experienced in recent months.
Therefore, according to Claude, one factor that could accelerate XRP's growth will be the resolution of the legal battle with the SEC that began in 2020. That could happen as early as this year, following an initial victory over the regulator last July, when Judge Analista Torres of the Southern District of New York ruled for the first time that XRP is not a security.
In terms of specific predictions, Claude AI noted that reaching the $9 per coin mark represents an increase of more than 135% from the all-time high of $3.84 recorded in 2018. In other words, it's a significant challenge, though not impossible.
In January 2018, during the cryptocurrency bull market of 2017, the price of XRP was around $3.84; to reach the $9 mark would require a rise of about 135% from the all-time high," AI quoted Claude as saying.
At the time of writing, XRP is trading at $0.57 after a slight correction of 2.8% in the last 24 hours.
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