𝐀𝐈 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐬 𝐗𝐑𝐏'𝐬 𝐏𝐫𝐢𝐜𝐞 𝐛𝐲 𝐄𝐧𝐝 𝐨𝐟 𝟐𝟎𝟐𝟒: 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬🔥👇🚨
GrokAI, an artificial intelligence system developed by xAI, a company founded by Elon Musk, has shared its projection for XRP’s price by the close of 2024. According to the AI, XRP’s recent price surge has largely been influenced by external factors, such as speculation around the potential removal of Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC). Gensler, known for his strict stance on digital assets, stepping down could significantly improve Ripple's prospects in its ongoing legal battle with the SEC, slated to resume in January 2025.
Despite these external developments, GrokAI remains cautious in its forecast for XRP’s growth. The AI highlights the absence of substantial internal drivers for a price rally and notes the uncertainty of continued favorable external conditions. As a result, the prediction for XRP’s value by the end of 2024 is relatively conservative, estimating it will rise to $2.50 — a modest 6% increase from its current price.
Recent technical analysis aligns with this restrained outlook. On December 19, during a market downturn, XRP’s price touched the 23.6% Fibonacci retracement level, following its surge from $0.51 to $2.91. However, bullish momentum allowed the price to rebound and surpass this level. Should buyers maintain XRP’s value above $2.34, the cryptocurrency could reach or even exceed $2.50. Sustained support at this level will be crucial in determining whether XRP can achieve further gains or remain within its projected range.
