Google’s AI source, Bard, has made a bold statement prediction about the potential future value of XRP. According to Bard, if Ripple emerges victorious from its ongoing legal battle with the US Securities and Exchange Commission (SEC), XRP could see a significant price increase, potentially reaching $6 by 2024.
Ripple’s legal battle is holding back the price increase
A turning point came on July 13 when Ripple achieved a partial victory in its legal battle with the SEC. The court ruled that certain XRP sales did not violate securities laws. This news led to an impressive 97% increase in the price of XRP. However, these gains were relatively short-lived due to the SEC’s call.
Ahead of October 3, the court dismissed the SEC’s appeal, leading to another surge in the value of XRP. But it is essential to note that the matter is far from over; a trial is planned for April 2024.
Bard has made a bold prediction about the potential future value of XRP. According to Bard, if Ripple emerges victorious from the lawsuit, Bard predicts a short-term boost, with XRP potentially reaching a price range of $2.50 to $3.00.
Looking ahead to the end of 2023, Bard expects that XRP could reach a value between $3.50 and $4.00, provided Ripple wins and the overall cryptocurrency market goes through a bullish phase.
Google Bard AI Predicts XRP to Reach $6, Only If
Bard is in the long run prediction extends until 2025, where XRP could have the potential to rise to $5.00 to $6.00. This obviously depends on several factors, including XRP’s momentum and its adoption in the market.
A legal victory would bring regulatory clarity to XRP, which would likely attract more investment.
Furthermore, the continued uncertainty resulting from the lawsuit has made institutional investors somewhat wary of XRP. A favorable outcome could rekindle their interest.
Additionally, if Ripple emerges victorious, it could provide opportunities for new partnerships and innovative uses of XRP, which could boost demand.
Meanwhile, Bard’s predictions provide compelling insight into the future for XRP. As Ripple’s legal saga unfolds, we’ll be keeping a close eye on these predictions to see if they materialize.