XRP has witnessed a cool 10.9% gain over the last week. Moreover, the asset is up by 1.9% in the last 24 hours. The latest rally is most likely a reaction to the anticipation of a positive verdict in the Ripple vs. SEC lawsuit. Many supporters and lawyers have said that the SEC does not have much to prove its case.
Furthermore, many believe that the biggest winner in the Ripple vs. SEC lawsuit, given the verdict inclines towards the crypto firm, will be XRP holders. A positive verdict will possibly help propel the asset’s price north of $1.
With the advent of AI (artificial intelligence), a lot of computation work can be handed over to computers. Likewise, Google’s Bard AI tool has made a prediction about XRP’s performance for this year.
Will XRP reach $1 in 2023?
Bard’s investigation covered every aspect of the Ripple v. SEC legal dispute. It analyzed the significant effects of both outcomes, on the token’s value. The SEC action against Ripple Labs, according to Google’s Bard, is a significant drag on the price of XRP. If Ripple wins the lawsuit, there may be a large surge in demand for XRP as a result. The AI tool also predicted that it is challenging to make a firm prediction on the price of XRP at the end of 2023. However, XRP might reach a price of $0.58 depending on the state of the market right now and analyst forecasts.
For the short term, the machine learning algorithm from PricePredictions forecasts XRP to reach $0.551624 by the end of this month.
Regardless, both Google’s Bard and PricePredictions do not expect XRP to touch $1 anytime soon. However, it should be noted that these forecasts are not set in stone. Things may change, and the asset might even go beyond $1, or it may crash further down, depending on the situation. At press time, XRP was trading at $0.516402, up by 0.2% in the last hour.
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