On March 19, Ripple Labs CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) is withdrawing its appeal against the 2023 court ruling in favor of Ripple. He emphasized that this is a significant victory not only for the company but for the entire cryptocurrency industry, and a bright future awaits XRP.
Based on this event, OpenAI's artificial intelligence (ChatGPT model 4.5) conducted an analysis and forecasted the possible price of XRP on April 1, considering both positive and negative factors. The main driver of growth was the settlement of the lawsuit with the SEC. Additional support for the coin was provided by the inclusion of XRP in the U.S. cryptocurrency reserve and the accumulation of large addresses that collectively purchased about 150 million tokens in March. Another positive factor was the approval of the Ripple USD (RLUSD) stablecoin, pegged to the dollar.
Among the potential negative factors, ChatGPT 4.5 noted the March unlocking of 200 million XRP, possible market volatility, and competition with other cryptocurrencies. Additionally, assets in the U.S. strategic reserve will only be acquired through the confiscation procedure, which may put pressure on the exchange rate.
Based on the analysis, three possible scenarios for the price of XRP on April 1 were proposed:
• Bullish scenario: if XRP breaks through the resistance level, the price may reach $4.01, which would become a new all-time high (an increase of 56.03%).
• Neutral scenario: in a stable market situation, XRP could trade around $3.16, corresponding to an increase of 22.95%.
• Bearish scenario: if negative factors exert pressure, the price may drop to $1.95, representing a decline of 24.12% from current levels.$XRP