• XRP’s price rose to $0.40 after the FTX crisis, but there remains uncertainty surrounding its future.
• Community conjecture has been sparked by the belief that XRP will break the $1 threshold in 2023.
• ChatGPT, an AI tool released by OpenAI in November 2022, predicted that XRP will hit the $1,000 mark by March 23, 2023.
XRP has seen a dramatic rise in value over the course of the past few months. After the FTX crisis, the asset price rose to an impressive $0.40, however, it isn’t out of hot water just yet. There still remains a lot of uncertainty surrounding the outcome of the Ripple vs. SEC case and several other macroeconomic considerations that need to be taken into account. The future of XRP is nearly impossible to predict, however, this hasn’t stopped the community from speculating.
Many have taken to believing that XRP will break the $1 threshold by 2023, which has sparked a great deal of conversation within the crypto community. The live XRP price is currently $0.377883 USD, with a 24-hour volume of $834,476,920 USD. Unfortunately, the asset dropped by 2.44% overnight.
The speculation around XRP skyrocketed after Uphold’s Head of Research, Dr. Martin Hiesboeck, released a conversation between ChatGPT, a conversational chatbot released by OpenAI in November 2022. When asked to make a prediction on the stock market, the AI tool explained that it was never meant to do so. However, after some prodding, it revealed that March 23, 2023, was the date when it predicted XRP will hit the $1,000 mark.
The ChatGPT prediction has not been taken lightly by the crypto community and many are speculating that the prediction may actually come true. While it is impossible to know what the future holds for XRP, it is clear that the asset has seen a significant surge in value and with the amount of conversation surrounding its potential, who knows what the future may hold.