Google Bard AI has made ambitious projections after the recent Ripple victory in the SEC lawsuit. Accordingly, it determined the altcoin price for 2023, 2025 and the end of 2030. Meanwhile, XRP trading volume has grown tremendously this year. Investors traded $117.2 billion on global crypto exchanges.
Google Bard predicts XRP price for 2023, 2025 and 2030
As you follow on Kriptokoin.com, your court has ruled that XRP is not a security. Following this decision, the crypto market is brimming with expectations regarding the future value of XRP. Google Bard, an artificial intelligence chatbot, offered insightful predictions about the potential price trajectory of XRP in the short, medium and long term. These predictions contain exciting possibilities. However, it should be noted that they are speculative and actual results may differ based on various factors.
Short-term forecasts for XRP
According to Bard, it is possible for XRP to reach a price of $ 1.30 by the end of 2023, based on two basic assumptions. The first factor is what will happen after Judge Torres’ decision. Meanwhile, the SEC has already hinted that it will appeal the decision. If the verdict is upheld despite the appeal, XRP is likely to skyrocket.
Bard also notes that the state of the broader crypto market is equally important. The AI bot points out that for XRP to reach $1.30 by the end of 2023, the broader cryptocurrency market needs to maintain its strong performance. Such a rally would mark an 83.3% increase in the current value of XRP.
Medium and long-term forecasts for XRP
Bard also predicts that the price of XRP will rise to $2.50 by the end of 2025. According to the AI chatbot, this price prediction could come true if XRP is adopted by more financial institutions for cross-border payments, leading to increased demand.
The most ambitious projection places XRP at $10 or more by the end of 2030. Reaching this price will mark an all-time high for XRP. Specifically, the asset would need to rise by 1,310% to claim a $10 price target. Bard emphasizes that this optimistic outlook depends on a very important condition. According to Chatbot, this condition is that XRP becomes the dominant cryptocurrency for cross-border payments. Also, XRP needs to be positioned as a preferred option for international transactions.
Altcoin global volume exceeds $117.2 billion in 2023
Interest in XRP is growing among crypto investors globally. The widespread interest in XRP is also reflected in the trading volume on various crypto exchanges since the beginning of the year. According to data from Coinmarketcap (CMC), $117.2 billion was traded on global crypto exchanges this year. In May and June, $28,713,096,387 ($28.7 billion) and $35,567,120,710 ($35.5 billion) were traded in XRP across multiple trading platforms.
Source: CoinMarketCapInterestingly, large volumes of XRP trades took place in July. According to data from CMC, crypto traders traded $49.1 billion in XRP on exchanges in July alone. XRP trading volume has soared this month following the verdict in the Ripple case. The court decision has boosted investors’ confidence in XRP.
Source: CoinMarketCapSouth Korean exchanges are leaders in XRP trading
XRP trading activities skyrocketed shortly after the decision, led by South Korean exchanges. On July 14, South Korea’s leading crypto exchange Upbit recorded a 24-hour trading volume of $2.5 billion.
It should be noted that Korean exchanges took the lead in XRP trading activities in the early part of the year. From January to May, the total trading volume of altvoin on Korean exchanges reached $24.5 billion. Interestingly, this figure is about three times the transaction volume of Ethereum at that time, or about $ 9 billion. However, Bitcoin was ranked as the most traded crypto on Korean exchanges between January and May.
Altcoin price action
Google Bard’s predictions are encouraging. However, it remains speculative depending on the dynamics of the crypto environment. Some analysts are also predicting rallies to ambitious targets based on historical data and XRP’s potential to rally alone.
Meanwhile, at the time of reporting, XRP is trading at $0.7090. Thus, it struggles to hedge against any dips below $0.70. Despite a seven-day 8% drop, the altcoin gained 52% last month amid growing interest.
5414
