XRP Price Prediction by ChatGPT – Will It Reach $10,000?

• The prediction also includes BTC and ETH for a similar increase.
• A recent claim shows that XRP’s price is projected to increase by 100,000% by 2024.
• Comparing XRP’s potential growth to BTC’s historical growth, a 10x or 20x increase is more plausible for XRP.

In the ever-volatile world of crypto, bold claims and price predictions have become commonplace. Amid this landscape, a recent post on X shows that XRP’s price would skyrocket by an astonishing 100,000% by 2024.

According to the post, which is from a conversation with ChatGPT, an AI chatbot, Ripple (XRP), along with Bitcoin (BTC) and Ethereum (ETH), would be among the top five cryptocurrencies guaranteed to see a 100,000% increase by 2024.

Meanwhile, a market analyst emphasized the need for realistic expectations. He pointed out that while XRP is a substantial token with a market cap of $25 billion, in general, the crypto industry is still relatively small compared to other global sectors. The analyst argued that reaching a 100,000% increase for XRP would imply an astronomical price of $10,000 per XRP, which is improbable given the current state of the crypto market.

To put things in perspective, the video references Bitcoin’s historical growth, from being valued at just 6 cents to reaching a market cap of $500 billion, ultimately becoming the giant it is today. Although Bitcoin’s value subsequently surged to significant levels, the YouTuber emphasized that Bitcoin’s circumstances were different at the time of its inception.

Comparing XRP’s potential, the video claims that a 10x or 20x increase is plausible. Nonetheless, the YouTuber suggested that XRP may see significant gains over the long term, possibly reaching $50 per coin in the next decade, but not the astronomical values many hope for.

XRP’s recent performance in the cryptocurrency market has been bearish, with the price falling below key moving averages. This decline is influenced by the ongoing legal battle between Ripple and the SE, creating uncertainty. Market experts suggest that XRP’s price decline is part of a typical market cycle where Bitcoin’s dominance overshadows altcoins.

At the time of writing, all of the three coins mentioned recorded a loss in the last 24 hours. CoinMarketCap data shows that XRP is currently trading at $0.479, representing a 1.89% drop, while BTC hovers at $26,760, close to its 24-hour low of $26,561. Ethereum’s ETH also suffered a 1.79% decline, settling at $1,550.