According to CryptoPotato, Ripple's XRP experienced a tumultuous Q2, with a pivotal court ruling in July favoring it as a non-investment contract cryptocurrency. Despite an initial surge in value, XRP's price has plateaued, trading around pre-ruling levels. Predictions for XRP hitting $1 in 2023 point to factors such as positive sentiment, demand, regulatory clarity, Ripple-SEC developments, crypto market sentiment, economics, technology, and investor behavior, briefly impacted by false reports.

In July, US Judge Analisa Torres ruled that XRP sold on secondary exchanges does not constitute an investment contract. This decision followed a lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple in 2020, alleging that XRP falls within the definition of an unregistered offering of securities. The case has negatively impacted XRP's price over the years, as investors remained cautious of the outcome.

ChatGPT, an AI chatbot, suggests that several factors could potentially influence XRP's price to reach $1 in 2023. Positive sentiment and increased demand from investors, favorable news, developments, or partnerships related to Ripple, and regulatory clarity could all contribute to a higher price. Additionally, positive developments in the case between Ripple and the SEC, overall crypto market sentiment, economic factors, technological developments, and investor behavior may also drive XRP's price to $1 in 2023. It is important to note that XRP's price recently increased to above $0.50 based on false reports of an improved spot Bitcoin ETF approval.