• ChatGPT predicts XRP will hit $2-$5 towards the end of the year.
• John Deaton has tweeted that a recent class action brought against Ripple would be made void if the firm wins the legal case with SEC.
• AI solution ChatGPT can be used to gain clarity on XRP price analysis and prediction.
ChatGPT makes a humble prediction for XRP’s price action, predicting it will hit $2-$5 towards the end of the year, confirming our assessment of the on-chart projections.
Class Action Lawsuit
Ripple is currently engaged in a legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple counsel John Deaton has tweeted that a recent class action brought against the company would most likely be made void if they win their case with SEC.
XRP Price Rally
XRP had a strong first quarter in 2023, surging from $0.300 to $0.5298, rising by more than 75% on the charts due to Bitcoin’s surge in price as well. The situation is complicated as we draw closer to a lawsuit ruling, triggering markets and making better price action analysis and trade outcomes more difficult for XRP holders.
Using ChatGPT for Fundamental Analysis
An AI solution can certainly be used to attain some clarity, specifically ChatGPT which is an OpenAI generative AI model that has gained massive traction since its initial rollout with use cases across many industries. We asked ChatGPT to give us a fundamental analysis of XRP and it offered a detailed answer about understanding potential impacts of lawsuit rulings on investors holding XRP assets intrinsic value.
The potential outcome of this legal battle between Ripple Labs and US SEC might have an impact on investors holding XRP assets intrinsic value