Google-backed AI chatbot Google Bard has provided insights into the potential price surge that XRP could experience following the upcoming Bitcoin (BTC) halving.
It has been established that Bitcoin’s price surge influences the broader crypto market. Its recent uptrend toward the $45,000 range and subsequent decline to $40,500 triggered the altcoin market in both directions.
As Bitcoin’s 2024 halving approaches, barely four months away, various projections have surfaced. For instance, prominent digital asset manager Matrixport predicts $125,000, while Uphold’s head of research, Martin Hiesboeck, forecasts $200,000.
Meeting these targets could trigger a broader market bull run, positively influencing XRP. However, the exact extent of XRP’s potential upsurge post-halving remains uncertain.
As a result, The Crypto Basic turned to Google’s artificial intelligence software for insights into XRP’s anticipated price following the April halving.
XRP to Hit $46.5 When Bitcoin Hits $200k
Notably, Google Bard acknowledged the difficulty in predicting XRP’s post-Bitcoin halving price. However, considering historical trends and present market conditions, it suggested potential scenarios.
In particular, it cited that XRP could reach $38.5 when Bitcoin hits $100,000.This projection implies a remarkable growth rate exceeding 5,700% from XRP’s current price of below $0.6.
In a more bullish scenario, Google Bard highlights the potential for XRP to surge to $46.5 if Bitcoin reaches the $200,000 price target. This optimistic rally would signify an uptick exceeding a 7,000% increase from XRP’s current valuation.
Factors Influencing Google Bard Projection
Several factors influence Google Bard’s projections, including historical data from previous Bitcoin halving.
Also, the chatbot emphasizes the potential a broader market boom could have on XRP. Specifically, a full-blown bull market could attract new investors and drive demand for altcoins like XRP.
Furthermore, resolving the legal dispute between Ripple and the SEC is highlighted as a potential catalyst as it could substantially bolster investor confidence in the asset.
Meanwhile, Google Bard stressed the speculative nature of these projections, cautioning that they may not materialize. The chatbot advocates for prudence, urging investors to consider the broader market context and existing uncertainties before making investment decisions.
