Although it has been less than a year since XRP hit its all-time high at $3.65, the current situation looks very different, with the currency continuing to trade in a tight range and repeatedly failing to recover to previous levels.
This reality has led to the question of three of the best-known artificial intelligence models:
Can XRP cross $2 again?
The responses were very similar, but had many caveats.
“ChatGPT” believes that XRP’s return above $2 is possible, but not in the near future, noting that the currency had previously been trading above this level for over a year, meaning its recovery is not impossible.
But he stressed that this depends mainly on improving general market conditions, not just waves of speculation.
The model identified several factors necessary to achieve this, including the recovery of the digital currency market led by Bitcoin, clarity in the regulatory environment, as well as continued institutional demand for XRP.
Gemini, Google’s artificial intelligence model, agrees with this proposition, but added that XRP must also increase its real-world dependence on the Ripple network for real-world financial transfers and settlements.
He explained that the ascendant phase driven solely by legal news and speculation is over.
For its part, “Perplexity” estimated that XRP surpassing the $2 level is not impossible, but it is far from certain, explaining that the current market does not provide sufficient momentum to achieve a strong and lasting breakthrough.
The model also indicates that the main problem is that XRP seems to constantly need strong external stimuli to reach this level, making any potential upside fragile and uncertain.
Both Gemini and Perplexity believe that the $2 level represents an important psychological barrier for traders, as surpassing it may reflect the return of confidence and positive momentum in the currency.
But on the other hand, XRP is facing a clear dilemma since last February’s collapse, as it has remained confined in a limited price range, with all attempts to penetrate near the $1.6 level failing, indicating that the market is waiting for a powerful new catalyst that has not yet appeared.
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Bitcoin price falls to monthly low and Ethereum price falls to $2,000 amid heavy selling.
XRP overtakes Bitcoin and Ethereum in ETF flows for the second week in a row
