Up or Down for Ripple’s Price in the Week Ahead? ChatGPT Issues a Stark XRP Warning

The cryptocurrency market was crushed in the past week or so, and Ripple’s native token is no ￰0￱ if we remove the black swan flash crash that took it below $1 on some exchanges last Friday, the asset’s price performance has been quite painful and is about to close the week with another double-digit decline. However, there might be even more pain on the horizon, at least according to ChatGPT. What’s Next for XRP? XRP has come a long way from the mid-summer rally when it exploded from $2.20 to $3.65 to register a new all-time ￰1￱ then, it’s declined by nearly 40% and has dropped by two spots in the ranking of the largest cryptocurrencies by market ￰2￱ outlined the predominantly negative sentiment in the cryptocurrency community, as its leader remains “dominant and volatile,” while other alts, like ETH and BNB, have coped better than ￰3￱ fact, it said Ripple’s token is “lagging hard,” which suggests “a rotation away from slower-moving assets.” Consequently, its prediction for the week is not favorable to the XRP ￰4￱ outlined the first strong resistance levels, at $2.20 and $2.10, which could prevent a potential drop to $2, even though some analysts believe XRP “wants” to go ￰5￱ it indeed slips to that line, it should face a stronger support, which was formed in the spring of ￰6￱ case of an unlikely price reversal, XRP’s first resistance targets lie at $2.40-$2.50, followed by a bigger hurdle at $2.80.

Bears Still Hold on Tight After a 19% weekly decline and a 24% monthly drop, it isn’t easy to be bullish. Consequently, ChatGPT put the highest chances for a bearish continuation in the week ahead (45%-50% probability). It broached the aforementioned support levels, and said XRP must maintain $2.00 to avoid another possible nosedive to $1.60. Although it asserted that the bears are most likely to remain in control, it also outlined the possibility of a tactical rebound following such a massive ￰7￱ to the AI chatbot, there’s a 35% probability for such a bounce to somewhere around $2.50 and $2.60.

Interestingly, it believes the chances for a price stabilization at these levels (between $2.10 and $2.40) are the ￰8￱ a 15% to 20% probability, ChatGPT ranked this as the least likely option for the next seven days. “The momentum and sentiment both lean bearish, but the setup looks technically ￰9￱ case: mild continuation lower early in the week, followed by potential stabilization near $2.00. Unless Ripple announces a major development (e. g., RLUSD expansion, new exchange partnership, or institutional pilot), a strong recovery next week is unlikely,” it concluded.