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\n\t\t\t\t\t\t\t\t\tA drop to $1.60 or a double-digit spike: what comes next?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ripple\u2019s cross-border token experienced a sharp pullback on November 21, with its price slipping to $1.83, or the lowest level since April (on most exchanges). However, the bulls recovered some of the losses over the weekend, and XRP currently trades above the psychological mark of $2.<\/p>\n
We turned to four of the most well-known AI-powered chatbots to check if a further ascent is in the cards and how high the valuation could climb by Thanksgiving.<\/p>\n
ChatGPT estimated that XRP might continue its recovery and spike to the $2.10-$2.25 range by the holiday, which will be celebrated on November 27 this year. It claimed the probability of such an increase is 70%.<\/p>\n
Furthermore, it predicted that if Bitcoin (BTC) pushes higher and the XRP ETFs attract investor attention, the valuation could soar to $2.80 and even $3.20.<\/p>\n
Earlier this month, the US witnessed the launch of the first spot XRP exchange-traded funds, which have 100% exposure to the asset. The products were introduced <\/a>by Canary Capital and Bitwise, and this week, investors await the conversion of Grayscale\u2019s XRP Trust into an ETF.<\/p>\n While the development may spark renewed interest in the cryptocurrency, ChatGPT warned that a possible \u201csell-the-news\u201d reaction could drag XRP back below $2. The price drop that followed<\/a> the launch of Canary Capital\u2019s spot ETF should serve as an example of this effect (though other factors also contributed to the pullback).<\/p>\n According to Grok\u2019s \u201crealistic\u201d estimate, XRP could reach $2.30 by Thanksgiving. It also outlined an \u201cultra-bullish\u201d forecast, envisaging the asset skyrocketing beyond $3 but under some crucial circumstances, including the return of the whales.<\/p>\n It is important to note that large investors have been on a massive selling spree lately, offloading<\/a> almost 1.5 billion tokens in the past month or so. Last week, they unloaded<\/a> another 190 million XRP, adding fresh pressure to the market and perhaps triggering even more panic among smaller players.<\/p>\n Perplexity and Gemini were not as bullish. The former claimed the next few days may bring a new pullback or a consolidation (in the best-case scenario), predicting that an upward momentum could emerge after the holiday.<\/p>\n Google\u2019s Gemini stated that the market is currently in \u201ca strong bearish phase,\u201d forecasting that XRP\u2019s price could plummet to as low as $1.60 by Thanksgiving.<\/p>\nYou may also like:<\/h3>\n
Another Correction?<\/h2>\n
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