Artificial intelligence (AI) GrokAI, developed by employees of Elon Musk's company xAI, predicted how much it will cost kriptovalyuta XRP (XRP) at the end of 2024.
GrokAI noted that the recent rise in the rate XRP was due to external factors, such as the imminent dismissal of the head of the US Securities and Exchange Commission, Gary Gensler, who became famous as an uncompromising fighter against digital assets. Gensler's departure theoretically increases the likelihood of a successful issue for the issuer XRP company Ripple the outcome of the trial with the regulator, which is scheduled to continue in January 2025.
Due to the lack of internal catalysts for increasing the cost XRP and guarantees that external circumstances will continue to play into the hands of cryptocurrency owners, the AI is skeptical about the potential of the digital asset. For this reason, GrokAI was conservative price change forecast XRP, stating that by the end of the year it will reach $2,5, thus increasing by 6% from the current figure.
Graph of the dynamics of exchange rate fluctuations XRP also indicates a slight increase in the value of the coin. December 19 during the dump of the cryptocurrency rate struck 23,6% Fibonacci level, taking into account the pump of the coin value from $0,51 to $2,91. However, the bulls managed to seize the initiative, and the asset price exceeded this barrier. If buyers manage to keep the cryptocurrency rate in the range above $2,34, then XRP may well rise in price to $2,5 or more.
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