ChatGPT analysis predicts an upward trajectory for XRP if the price remains above the $3.05 level.
This analysis is based on technical indicators, developments regarding the banking license sought by Ripple Labs, and regulatory pressures from the SEC.
The current price is experiencing a daily increase of +3.57% with a heavy trading activity of 130.77 million coins.
---
📌 Key Points:
The price is stable above all exponential moving averages (EMA), reflecting clear technical strength.
42 traditional banks oppose Ripple's obtaining a banking license.
Institutional momentum remains strong despite stability, with expectations to break the barrier of 3.08$ towards 3.15$ and then $6.
Probability of significant upward movement: 45%, stability: 35%, and downward correction: 20%.
The legal situation with the SEC is putting pressure on the market, but it is approaching resolution.
Ripple's partnerships with major companies like BlackRock enhance institutional confidence.
---
🟢 Overall Outlook:
XRP shows strong upward indicators supported by regulatory and technical momentum, and it could reach $6–8$ in the next three months if the banking license is obtained and legal disputes are resolved.
Cryptonews
