XRP has been trading below the $0.47 price mark this whole week. And yet, the real highest value was $0.93 in March. For example, it claimed XRP’s highest value in 2022 was $10,000 per coin. However, the jailbreak version gives hypothetical outputs, which can be misleading. The classic version clearly stated it has no access to data beyond September 2021. Pushing the AI model beyond OpenAI’s limitations doesn’t guarantee output accuracy. Ergo, we followed ChatGPT jailbreak techniques to bypass some of these limitations to try and get modest XRP price predictions. That makes it difficult to pull data beyond 2021, let alone make future predictions which OpenAI’s policy firmly prohibits. However, ChatGPT has limited access to information from 2021 or below. In addition, XRP’s highs and lows throughout the previous years could act as key support or resistance levels in future.
The aforementioned output shows XRP’s price action was largely determined by market sentiment and regulatory pressure. However, in November 2021, XRP’s price registered another surge, reaching a high of around $1.40. In 2021, XRP’s price fluctuated, reaching a high of around $1.96 in April before dropping again in May and June.This caused XRP’s price to drop sharply, falling to around $0.17 by the end of the year. Securities and Exchange Commission (SEC) announced a lawsuit against Ripple, alleging that XRP was an unregistered security. In 2020, XRP’s price remained relatively stable in the first half of the year, hovering between around $0.15 and $0.25.In 2019, XRP’s price fluctuated between around $0.25 and $0.50 for much of the year before dropping to around $0.20 by the end of the year.After reaching its peak, XRP’s price began to decline and remained relatively stable for several months before experiencing another surge in late 2018, rising to around $0.75 in November of that year.It then experienced a significant increase in value, reaching an all-time high of around $3.84 in early January 2018. In early 2017, XRP was trading at less than $0.01 per token.The AI model gave a year-by-year breakdown of XRP’s price action from 2017 to 2021 – We asked ChatGPT to pull XRP’s historical price action data to accomplish this step. And, past trends can offer crucial insights. So, how has XRP performed so far in the past? Can ChatGPT be helpful on this front, too? Pull XRP’s historical price dataĪlthough historical data doesn’t necessarily affect future price movements, price action is king in technical analysis. Now we know the fundamental analysis and market sentiment, especially from the lawsuit angle. Investors should carefully consider the potential risks and uncertainties involved before making any investment decisions.” “Overall, the outcome of the SEC lawsuit against Ripple is uncertain, and it is difficult to predict exactly how it will affect XRP’s price in the short and long term. Nevertheless, ChatGPT acknowledges the difficulty of predicting the accurate outcome and impact of the lawsuit. However, if Ripple wins the case, the exchange recently hinted at plans of re-listing the asset. The lawsuit has made investors nervous after it prompted exchanges like Coinbase to delist XRP from their platform. However, it hasn’t appreciated by much, denoting investors’ reservations. As initially observed, the recent market rally has boosted XRP like the other altcoins.
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