The year has gone by, and we are already heading towards exploring the last three months of 2024. The autumnal price waves have already started to show their impact, with XRP vegetating at the $0.58 price level at press time.
Ripple will need to break past its critical price juncture of $0.61 to embrace the bullish market support, after which it can find significant support and strength.
With technical analysis showing its bullish ascent soon, what do predictive platforms like ChatGPT have to say about Ripple? Let’s find out.
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The Token’s General Market Outlook
Source: Ripple
XRP is currently trading at a crucial price point of $0.58. The token has been down 1.19% in the last 24 hours and has been unable to break past the $0.60 price barrier for months. According to CoinCodex, XRP’s critical price levels are $0.60, $0.61, and $0.62.
“Based on today’s classical pivot point (P1) with the value of $0.591142, XRP has support levels of $ 0.578641, $ 0.568826, and the strongest at $ 0.556324. Similarly, XRP resistance levels are at $ 0.600957, $ 0.613458, and $ 0.623274.”
While XRP may have a hard time breaching its current price prospect right now, the technical indicators, however, are showing bullish forecasts for XRP by the end of October 2024.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 19.78% and reach $0.702339 by October 23, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 50 (neutral). XRP recorded 16/30 (53%) green days with 4.08% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
With the firm’s robust decision to diversify its attention through collaborations and financial deals, Ripple is already forging a unique price path for XRP for years to come.
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ChatGPT XRP Forecast
ChatGPT has predicted a new price analysis for Ripple for October 2024. The portal has made ambitious price predictions for Ripple, considering the market continues to favour its bullish onset.
Image: ChatGPT
Per ChatGPT, Ripple’s case with the US SEC sets the primary tone for its price soon. While the case is in its final stages, investor sentiment seems to be showing slight reluctance to explore XRP holistically. Per the AI, XRP can hit $2-$4 if Ripple wins the case and continues to forge global collaborations and partnerships while the crypto market is in a bullish phase.
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Speaking about the bearish scenario, GPT shared that if Ripple continues to face regulatory hurdles, its price could tank to $0.50-$1, struggling to move past the aforementioned price pedestals.