Well-known AI-powered chatbots ChatGPT and Grok AI provide scenarios for predicting the price of XRP if pro-crypto candidate Donald Trump becomes US President.
Former President Donald Trump, now a Republican candidate for the 2024 presidential election, has reiterated his strong support for the cryptocurrency industry.
By promising to establish clearer and more favorable rules, Trump has sparked debate about how the market might react if he wins. speaking at the just concluded Bitcoin 2024 conferenceTrump has promised to repeal unfavorable cryptocurrency regulations such as SAB 121.
In addition, the Republican candidate said he would fire SEC Chairman Gary Gensler on his first day in office. Gensler, along with Senator Elizabeth Warren, have drawn hostility from the crypto community for their often aggressive stances.
As a result of Trump’s promises, some market commentators believe that the cryptocurrency market, including XRP, could see a significant boost if the Republican candidate wins the upcoming election. However, the extent of that boost remains unclear.
We turned to two AI-powered chatbots for insight: OpenAI’s ChatGPT and Grock AI by X on this issue. We asked about the possible rise in the price of XRP if Trump becomes president. In their analysis, they assessed the factors that could affect the price of XRP and potential future scenarios.
ChatGPT XRP Price Prediction
ChatGPT emphasized the speculative nature of predicting XRP prices based on political events, noting that various factors such as market sentiment, regulatory changes, and adoption significantly impact price dynamics.
The AI provided potential scenarios that could impact the price of XRP. If Trump advocates for more favorable regulations, this could boost investor confidence and drive up the prices of XRP and other cryptocurrencies.
ChatGPT predicts that in a scenario with regulatory clarity and moderate improvements in adoption, XRP Price could rise significantly, potentially doubling or tripling to the $1.10 to $1.65 range.
Thanks to significant improvements in regulation and widespread adoption in the financial sector, the AI suggested that the XRP price could rise significantly and potentially reach $3-5 or higher, comparable to its previous all-time highs.
Additionally, in an unprecedented adoption scenario that includes integration into mainstream financial systems and a highly favorable regulatory environment, ChatGPT expects XRP to experience parabolic growth, potentially exceeding $10.
Grok XRP Price Prediction
On the other hand, Grok AI offers a more conservative estimate compared to ChatGPT. Grok suggests that if Donald Trump wins the 2024 presidential election, XRP may rise to $1.
This forecast is based on increased market optimism, lower regulatory barriers for cryptocurrencies, and potential inflation concerns.
