• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Regulation

Google AI Predicts When XRP Price Will Cross $5

approx by approx
December 24, 2023
in Regulation
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


The price movement of XRP has had its ups and downs this year, reflecting the volatile nature of cryptocurrencies. The crypto has increased by 74% this year, following the general bullish sentiment among cryptocurrencies. XRP went on a noticeable price spike in the middle of the year, although the price increase is currently calm and the cryptocurrency appears to be going through a consolidation phase. 

According to a recent analysis by Bard, Google’s AI, XRP’s price trajectory in 2024 is a positive one. Bard noted the various parameters, timeframes, and threats that may influence the trajectory of the cryptocurrency and projected that it might eventually hit the $1, $3, and $5 price points, representing 62%, 380%, and 710% from the current price point.

Bard Makes XRP Prediction

Google’s AI has predicted that XRP, the native currency of the Ripple network, could hit $1 very soon and $5 in the coming years. At the time of writing, the crypto is trading at $0.6144, making the $1 price target very doable in the coming months. 

Ripple is one of the biggest drivers of XRP. For example, the crypto went on a spectacular run in July, when Ripple scored a partial victory against the US Securities and Exchange Commission. According to Bard, optimism regarding Ripple’s advancements against the SEC in court, an upswing in the general crypto market in 2024, and XRP’s adoption in cross border payments could send the crypto to the $1 price level again next year, a level which it hasn’t been since November 2021.

If adoption keeps increasing at this rate, XRP might hit $3 and possibly even hit its current all-time high of $3.84. But according to Bard, in order for this to occur, XRP would need to demand increased usage and technological developments in the token’s Ledger. If things go smoothly and XRP achieves adoption in retail payments, demand could go up, with Bard estimating a 3 to 5-year journey to reach $3.

XRP market cap currently at $33.347 billion. Chart: TradingView.com

Lastly, Bard predicted a more mainstream adoption of XRP could see the crypto spike well above $5. However, the AI noted this is a very long journey potentially taking 5 to 10 years or more. The crypto reaching $5 seems like a lofty goal, but several factors could drive the price up and beyond. A major factor in achieving this price target is XRP’s complete integration with traditional finance. 

Unlike most cryptocurrencies looking to displace banks, XRP was created to complement the current financial system. At the time of writing, it is supported by over 100 banks, financial institutions, and payment systems. According to Bard, XRP’s displacement of the current payment remittance methods and a merger with central bank digital currencies (CBDCs), are two of the major factors that could propel the crypto’s price over $5 in the coming years.

Current State Of XRP

XRP is currently trading at 0.6144 and is down by 0.85% in a 30-day timeframe. XRP is now the 6th largest crypto in market cap rankings, after being recently displaced by Solana. 

Featured image from Shutterstock

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



Source link

Related articles

Gold legally barred from what BTC, XRP, TON, ETH are now doing to Wall Street

Gold legally barred from what BTC, XRP, TON, ETH are now doing to Wall Street

August 4, 2025
BitMine adds 833K Ethereum in 35 days

BitMine adds 833K Ethereum in 35 days

August 4, 2025
Share76Tweet47

Related Posts

Gold legally barred from what BTC, XRP, TON, ETH are now doing to Wall Street

Gold legally barred from what BTC, XRP, TON, ETH are now doing to Wall Street

by Moussa
August 4, 2025
0

No public company in the United States merely holds gold as its corporate purpose, but a firm listing itself around...

BitMine adds 833K Ethereum in 35 days

BitMine adds 833K Ethereum in 35 days

by Moussa
August 4, 2025
0

BitMine Immersion Technologies, the largest corporate holder of Ethereum, revealed that its total holdings are now at 833,137 ETH valued...

Bitcoin bleeds $404M in a week investors pivoted to Ethereum

Bitcoin bleeds $404M in a week investors pivoted to Ethereum

by Moussa
August 4, 2025
0

Crypto investment products saw a $223 million outflow last week, ending a 15-week period of consistent inflows, according to CoinShares’...

Bitcoin consistently outperforms all major assets despite near-term selloff

Bitcoin consistently outperforms all major assets despite near-term selloff

by Moussa
August 3, 2025
0

As global markets hit the skids this week and forced liquidations and margin calls wipe out more levered longs, prominent...

Vitalik Buterin & Tomasz K. Stańczak dropped big news at ETHKyiv 2025

Vitalik Buterin & Tomasz K. Stańczak dropped big news at ETHKyiv 2025

by Moussa
August 3, 2025
0

The following is a guest post and opinion of Rostyslav Bortman, Founder of Ethereum Ukraine.Even in wartime Kyiv, innovation doesn’t...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News