XRP has been one of the most remarkable coins in 2024. Its price movement was everything to write about, surging by 400% from about 5 cents to a high of $2.9. The trend was nothing short of exciting for investors as they began to eye higher price levels for the coin.
However, its current trajectory has been worrisome, especially because the coin recently declined below $2 to $1.9, a point that investors believed would never be re-tested. Even though the price has rebounded above the $2 mark, its movement is still far from impressive. To get an outlook of what the new year might bring, we consulted Elon Musk’s Grok AI. Here is what Grok had to say.
Grok AI Predicts XRP Below $2
To begin, Grok AI, just like every other AI tool, acknowledged the various factors that have impacted XRP’s trajectory this year. Such factors as regulatory outcome and broader adoption were cited by the sophisticated AI tool. Also, Grok noted that XRP’s movement is also affected by the global crypto market state and sentiment.
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While Grok avoided giving a specific value for XRP for January, further query moved it to suggest outcomes that align with predictions from other notable platforms. For example, Grok referenced Changelly’s XRP price prediction for January 2025. As per Changelly, XRP is expected to move between the low and high of $1.60 and $1.96, with an average price of $1.78.
Moreover, Grok also pointed out another forecast from CoinCodex. This one predicts XRP to decline by over 20% to an average price of $1.8 by mid-January. While these price trajectories are relatively stable, Grok emphasized that the crypto market is highly volatile and things could go better or worse than predicted.
This prediction from Grok and other prediction platforms is particularly disturbing because, amid the market correction, XRP investors and analysts have been bullish on their forecast for the Ripple-backed coin.
In fact, a prominent crypto community member, Ben Armstrong, commonly known as Bitboy Crypto, predicted that XRP would hit a new all-time high of $4.5 entering January. Another analyst, Egrag Crypto, forecasted a higher range for XRP, noting that the coin could peak at $18 by the end of the year.
These two are a few of the bullish predictions we have seen so far for XRP. However, Grok AI’s projections deviate clearly from the optimistic predictions raising concerns about what the new year hold.
Grok AI Gives Optimistic Possibility
Meanwhile, Grok AI gave an optimistic scenario where XRP could perform better than the forecasted range. It cited the possible impact a win in the Ripple vs SEC case would have on XRP. Ripple have been embroider in a legal dispute with the Securities and Exchange Commission for four years now.
With the SEC’s opening brief scheduled for January 15, Grok AI predicts that a favorable outcome in the lawsuit could prove advantageous for XRP and catapult it above its current forecast. The lawsuit has been one of the defining factors for XRP, and the coin would likely react negatively or positively to the consequence of the battle.
At the time of writing, XRP traded at $2.18, representing a 1.97% decline in the last 24 hours. However, XRP is still 45.87% up in its monthly outlook.
XRP Daily Chart | Source: coinmarketcap
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