Key Takeaways
- ChatGPT forecasts a positive outlook for Ripple and XRP, with the token possibly reaching $10,000 within a decade.
- Several conditions must be fulfilled before the digital asset’s predictions by ChatGPT materialize, the biggest one being overcoming its legal challenges with the SEC.
- The AI chatbot’s predictions are merely speculative, but they give a picture of what could be possible if all factors are played correctly.
Popular crypto enthusiast Ashley Prosper has shared snippets of his conversation with AI chatbot ChatGPT regarding the future potential of the “banker’s coin” and its $10,000 XRP price prediction.
According to a post on his X handle, Proposer mapped out a phased adoption timeline that, according to ChatGPT, showed a positive outlook for XRP and Ripple—the digital asset has the potential to experience favorable price growth in the years to come.
Despite the positive outlook, the AI-powered chatbot observed that the XRP price trajectory was highly dependent on certain conditions, including institutional adoptions, regulatory clarity, and its eventual integration into the global financial infrastructure. ChatGPT highlighted at least four exclusive phases of XRP adoption that would individually contribute to the ultimate bullish XRP price.
1st Phase – Regulatory Clarity and ODL Expansion: 2025-2027
The first phase would integrate XRP adoption into the mainstream and secure regulatory authority. According to ChatGPT, Ripple Labs would have to overcome its ongoing legal battles with the SEC for the company to effectively expand its On-Demand Liquidity (ODL) service globally. A court ruling favoring Ripple would eventually drive the demand for XRP as the go-to-bridge currency for cross-border transfers. Should financial institutions finally adopt XRP, ChatGPT suggested that the XRP price could skyrocket from $400 to $500 during the period.
2nd Phase: Institutional and Regional Adoption: 2028-2032
ChatGPT foresees an extension of XRP’s use cases beyond cross-border transfers once the asset secures regulatory clarity. The chatbot projects a situation where smaller financial institutions finally integrate XRPL into their operations to facilitate regional payment systems. According to a recent report by the TimesTabloid, all banks in Japan could eventually adopt XPRL, leading to an XRP price of $2,000-$2,500.
3rd Phase: Securities and Derivatives Markets: 2033-2040
By the time we enter the 2023s, ChatGPT foresaw XRP adoption growing further as the token gains traction in more complex financial markets such as derivatives, securities, and other large-scale asset tokenization. Should everything go according to plan and XRP eventually become the backbone for tokenized financial instruments, the token’s demand will surge exponentially, pushing the price to $10,000-$13,000, marking a transformational shift in its role within global finance.
4th Phase: Global Reserve Asset: 2040 and Beyond
ChatGPT projected that XRP’s final and most ambitious phase would work towards making the token an essential component within the global financial system. This would result from widespread XRP adoption, with governments, central banks, and leading financial institutions adopting the token as an acceptable standard for liquidity management and settlements, which would finally push its price beyond the $20,000 mark.
Conclusion
With financial experts already seeing XRP as a viable alternative for the SWIFT system for cross-border transfers, the token could already be on the way to a brighter future. However, XRP must overcome its legal challenges and achieve an almost universal adoption to play the projected role within the global financial systems. While this projection may be speculative and reflects the upper limit of XRP’s potential in the most favorable conditions, there are already talks on the possibility of an XRP strategic reserve in the future.
