ChatGPT-4o predicts XRP’s price after rollout of Ripple’s stablecoin

Blockchain company Ripple plans to roll out a stablecoin to take on established players such as Tether (USDT), which dominates the sector. 

Notably, a section of the market believes that the rollout of a Ripple stablecoin will likely impact the price of XRP, which has largely traded in consolidation below $1, failing to catch up with peers such as Bitcoin (BTC).

In this context, Finbold turned to OpenAI’s most advanced artificial intelligence (AI) tool, ChatGPT-4o, to understand how XRP will trade if Ripple finally rolls out a stablecoin.

Factors affecting XRP’s price 

The tool offered a speculative analysis of the potential impact of Ripple’s stablecoin on the price of XRP. According to the tool, introducing a Ripple-backed stablecoin is expected to generate considerable market buzz.

Stablecoins, known for enhancing liquidity and facilitating more transactions within a network, could significantly bolster XRP’s utility and attractiveness. If the stablecoin sees strong adoption, it could lead to a surge in positive sentiment around XRP.

At the same time, the AI platform noted that Ripple’s legal battles, particularly with the U.S. Securities and Exchange Commission (SEC), remain a critical factor. A favorable resolution to these legal issues could significantly enhance investor confidence in XRP. Conversely, continued regulatory challenges could dampen market enthusiasm.

The tool also pointed out that besides the stablecoin impact, Ripple’s strategic partnerships and the adoption of its technologies by financial institutions play a crucial role. Increased integration of Ripple’s solutions into the financial sector could drive up demand for XRP. Additionally, broader cryptocurrency market trends will inevitably impact XRP.

ChatGPT-4o XRP price prediction 

With XRP’s current trading price at $0.52, ChatGPT-4o outlined two possible scenarios for the price trajectory if the stablecoin is unveiled. In a scenario where the stablecoin launch is highly successful, leading to increased liquidity and adoption, coupled with a favorable regulatory environment and a bullish crypto market, XRP could see a significant rise from $0.80 to $1.20 in the short to medium term.

Alternatively, if the stablecoin launch fails to generate substantial interest or if Ripple encounters adverse regulatory outcomes, the price of XRP could decline. In a bearish market or under adverse news, XRP could fall from $0.30 to $0.40.

XRP price analysis

As of press time, XRP was trading at $0.52, having registered gains of about 0.65% over the last 24 hours. However, the asset has suffered notable losses on the weekly chart, dropping by over 3% and failing to breach the $0.55 resistance level.

Currently, the $0.50 mark holds significant importance for the asset, as it has recently served as both support and resistance. The price must hold above this level and gain momentum to validate any bullish trend.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.