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

2024/09/0119:00:01來源:互聯網
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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.

XRP price prediction. Source: ChatGPT-4o

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.

XRP seven-day price chart. Source: Finbold

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.

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