Ripple (XRP) is in a 5% dump over the last seven days, with an “uptober” colored red, but ChatGPT’s AI claims that the price is bull already for Halloween.
Ripple (XRP): AI claims a bullish price prediction already for Halloween
Artificial Intelligence is often used to create short-term crypto price forecasts. Regarding Ripple (XRP), it seems that the AI predicts a bullish trend coming.
In fact, according to the self-learning algorithm of CoinCodex, the mysterious future of XRP will be positive already by Halloween.
CoinCodex predicts that the price of XRP will be $0.6647 by October 31, 2024. A significant increase, given that at the time of writing, XRP is worth $0.529.
Not only that, according to what is reported by the crypto-exchange Bitget, it seems that even ChatGPT’s AI is bull on XRP.
Specifically, ChatGPT would have suggested that the potential increase in the price of XRP is about 12.8% by the first of November 2024. This means that the price forecast for XRP will be over $0.60.
Ripple (XRP): the AI bullish price prediction against a still red uptober
The seventh crypto by market capitalization, Ripple (XRP), has not yet experienced what is referred to by the crypto-community as “uptober”.
In practice, October is a month that is generally bullish for the crypto market, but the price chart of XRP has instead remained colored red since the beginning of this month.
In fact, since October 2, XRP has fallen below the 0.59$ mark, without returning to it. In fact, from that level, XRP is currently in a bear dump of -10%.
Yet, October was a month where news in the Ripple household was not lacking. On one hand, there was talk about the preparations for the launch of RLUSD, Ripple’s stablecoin pegged to the US dollar.
On the other hand, from a legal perspective, Ripple has also filed a cross-appeal in the case with the SEC of the USA, continuing the long battle.
Not only that, Ripple Custody, its platform dedicated to safeguarding assets, has also launched new bank-level solutions for crypto and fintech companies. Among the various functions, XRP Ledger (XRPL) has been integrated for the tokenization of Real World Assets (RWA).
Despite these ongoing developments, the price of XRP has so far remained contained below the threshold of $0.59.
Brad Garlinghouse states that an ETF on XRP is inevitable
Recently, the CEO of Ripple, Brad Garlinghouse shared his comments with Bloomberg regarding the crypto ETF sector.
Ripple CEO Says XRP ETF Approval is 'Inevitable'https://t.co/M8mR9BJBar
— Watcher.Guru (@WatcherGuru) October 23, 2024
“JUST IN: Ripple CEO Brad Garlinghouse states that an ETF on $XRP is “inevitable”.
In this regard, Garlinghouse said that an ETF on XRP is inevitable, despite the endless legal dispute against the SEC.
Here are his words:
“We are clearly seeing that ETFs have been popular. The US SEC was dragged, kicking and screaming, to approve the Bitcoin ETF in January. [After the approval], 17 billion dollars flowed into the fastest-growing ETF in history. [..] This clearly shows that there is demand from institutions and retail to access this asset class”
