A token in a parabolic phase
The last few weeks have been very successful for XRP, as the token has experienced a parabolic and euphoric rise. It’s simple, in one month, Ripple’s native token managed to do what couldn’t happen for a whole year. As a result, the latter powers analyst and AI price predictions.
At the time of writing, the token’s price has just experienced a massive 426% month-over-month price increase, with November 10 as the starting point for this explosion. While trading at $2.74, the asset managed to reach $2.85 as its maximum price.
This Monday again, the development is more than positive for XRP with a daily gain of 33%. This allowed it to exceed $2.50 and above all, to settle comfortably above $2.
To go further: here are ChatGPT’s predictions on an XRP free of Gary Gensler.
Here are the AI predictions
The ChatGPT AI has positioned itself on XRP and its short-term future. In fact, it has set up three scenarios for the month of December 2024.
This time, we are not going to make you languish, going directly through the most optimistic scenario available. ChatGPT tells us with a probability of success of 50-60% the feasibility of this scenario.
This is counting on a continuation of the bullish momentum, with an XRP price which could flirt with its former ATH. Indeed, since the announced objective is between $3.50 and $4.
As for the other projections, they rather rely on corrections. These could make sense after such an impressive rise for XRP. The CoinCodex platform, for example, also shares ChatGPT’s opinion by recommending a correction for December.
Moral of the story: if you climb up you will eventually have to come down.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
