Google Bard has set up projections for when XRP could hit the lofty price targets at $3, $7, $11 and $15, as the upcoming bull market draws closer.
XRP has been struggling to gain momentum and value since the drop in 2018. While other coins like Bitcoin (BTC) and Ethereum (ETH) have reached new highs, XRP has remained below $1 for most of the time. The token’s underperformance has often been attributed to legal pressure.
With its recent attainment of non-security status and the upcoming bull market, many XRP investors ponder when and if XRP will ever reach its previous peak of over $3, or even higher levels.
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Google Bard, a popular online AI tool, has recently shared its views on the future of XRP. In a response to a query from The Crypto Basic, Google Bard explained the factors and scenarios that could lead XRP to hit $3, $7, $11 or $15 in the coming years.
XRP to $3
According to Bard, reaching $3 is the most realistic and achievable goal for XRP, as it only requires a 386% increase from the current price of $0.6161. Google Bard said that this could happen within 2-3 years, if the market conditions are favorable and XRP benefits from its fast and cheap transactions.
While this forecast suggests that XRP has the potential to hit $3, some investors might be disappointed in it, as they expect the crypto asset to clinch this price in a few months. Google Bard also noted that XRP has shown the ability to surge quickly in the past, as it did in 2017 when it rose over 300% in a month.
XRP to $7
Reaching $7, however, is a more ambitious and challenging target, as it would require a 10x increase. Bard Predicts that this price level could possibly take 5-7 years to achieve.
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The chatbot said that this would depend on XRP becoming widely adopted as a standard for international payments and settlements, and growing its network of partners and customers. Google Bard also warned that XRP faces significant obstacles in terms of competition from other blockchain solutions.
XRP to $11 or $15
While Google Bard believes the $3 and $7 price targets are easily attainable, the chatbot contends that XRP hitting $11 or $15 is highly unlikely and improbable. However, this is in contrast with predictions from prominent market watchers, who have projected rallies to prices as high as $22.
According to Bard, the $11 and $15 levels would require an 18x or 24x increase, respectively. The chatbot argued that such an upsurge is difficult to attain for any asset class. However, the volatile and unpredictable crypto market has witnessed more substantial surges.
Google Bard said that these scenarios would require XRP to dominate the global cross-border payments market, surpass the traditional systems like SWIFT, and replace major fiat currencies as a reserve asset. Bard also said that these outcomes are highly speculative.
The chatbot emphasized that its predictions are based on historical data, technical indicators, and fundamental factors, but they are not financial advice. It presented a reminder that reminded its followers that the crypto market is subject to many risks and uncertainties.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
