👉👉👉 #chatgpt Predicts $XRP Price if SEC Lawsuit Never Happened
XRP investors missed out on the 2021 bull run as the asset only reached $1.96. Many attribute XRP's failure to reclaim its previous all-time high during the last bull season to the ongoing lawsuit against Ripple.
On December 20, 2020, the U.S. SEC filed a lawsuit against Ripple and its executives, Christian Larsen and Brad Garlinghouse, alleging a $1.3 billion unregistered securities offering through XRP. This legal action prompted U.S.-based exchanges to delist XRP temporarily, resulting in price declines.
Meanwhile, the broader #cryptocurrencymarket was entering a new bull cycle driven by #Bitcoin's third halving. However, the lawsuit constrained public access to XRP, curtailing its bullish momentum. Specifically, XRP peaked at $1.965 on April 14, 2021, while Bitcoin continued its upward trajectory for another six months until November 2021.
XRP's current price is $0.47, lower due to the SEC lawsuit. Enthusiasts recall its 75,000% surge in 2017/2018, briefly ranking it second to Bitcoin, ahead of Ethereum.
Exploring XRP's Potential Without the Lawsuit
- Considering XRP's potential price without the SEC lawsuit is speculative, but leveraging insights from ChatGPT, key factors like market sentiment, Ripple's partnerships, and historical performance were considered.
Moderate and High Growth Scenarios
- In a moderate growth scenario, assuming favorable developments and adoption without legal constraints, ChatGPT predicts XRP could increase by 50-100% from its pre-lawsuit price of approximately $0.60 in December 2020. This suggests XRP could range between $0.90 to $1.20.
- In a high-growth scenario, ChatGPT projects a 150-200% increase, potentially pushing XRP's price to $1.50 to $1.80.
Aggressive Growth Scenario
- In a bullish scenario, ChatGPT speculates XRP could rise 300-500% to reach $2.40-$3.60, nearing its 2018 high of $3.84. This potential increase from its current $0.47 price level would be substantial.
Source - thecryptobasic.com
