 ▲ Ripple (XRP) |
XRP (Ripple) is continuing its upward trend alongside Bitcoin’s rebound, while AI-based analysis suggests the possibility of further gains by the end of this month.
According to cryptocurrency-focused outlet Finbold on March 5 (local time), XRP has risen about 2.5% over the past 24 hours and is trading at around $1.44. The increase is seen as moving in tandem with a broader rebound across the cryptocurrency market led by Bitcoin (BTC).
Finbold’s proprietary machine learning-based price prediction model forecasts an average XRP price of $1.54 by March 31. This implies an upside potential of approximately 7.15% from the current price. The forecast was calculated by aggregating analyses from major AI models, including ChatGPT, Grok, and Gemini.
Notably, all three models presented bullish outlooks. ChatGPT set the highest target at $1.62, projecting about a 12.5% upside. Grok forecast $1.52, while Gemini projected $1.49, indicating potential gains of 5.79% and 3.16%, respectively.
Another AI model, DeepSeek, offered a more optimistic scenario. While suggesting that XRP is likely to move relatively steadily throughout the month, the model set a price target of $1.75.
XRP’s current price movement is closely correlated with Bitcoin’s trajectory. The total cryptocurrency market capitalization has increased 2.3% to approximately $2.46 trillion, while CoinMarketCap’s Altcoin Season Index rose 3% to 33. In the short term, XRP’s key resistance level is identified at $1.5, with support at $1.4. Holding this support could open the door to a breakout above $1.5, whereas a drop below $1.4 may lead to the next support zone around $1.3.
Disclaimer: This article is for investment reference purposes only and the publisher is not responsible for any investment losses incurred based on it. The information herein should be interpreted for informational purposes only.