AI Forecasts More Declines for Ripples XRP

XRP's Challenging Week in a Bullish Market

While market leaders like Bitcoin and BNB were busy setting new all-time highs, Ripple's XRP has been moving in the opposite direction. After a painful weekly loss, the outlook for the popular altcoin appears uncertain. We look at an analysis from OpenAI's ChatGPT to see what might be in store for XRP in the coming days.

Market Struggles and Waning Momentum

XRP has had a difficult week, posting a significant 21% drop. This downturn is even more noticeable when contrasted with the record-breaking performances of Bitcoin and BNB, which have captured most of the market's liquidity and attention.

This performance has also impacted its market position. Not long ago, XRP was the third-largest cryptocurrency by market capitalization, but it has since slipped to the fifth spot. According to ChatGPT, this divergence highlights how capital is flowing away from "lagging" assets like XRP and into market leaders. The daily RSI sliding toward the neutral/oversold zone further confirms this cooling momentum.

An AI's Technical Analysis

ChatGPT's analysis points to a worrying technical picture for XRP. After weeks of trading sideways, the AI notes that the short-term trend has turned bearish.

"Trendline: The short-term trend has turned slightly bearish after several weeks of sideways trading.”

The AI also identified crucial price levels. XRP has already fallen through previous support at $2.70 and $2.50. The next major support areas to watch are now at $2.20 and the key psychological level of $2.00. For any hope of a bullish recovery, XRP must first overcome the resistance at $2.70, followed by a more substantial barrier between $3.00 and $3.10.

Price Prediction Probabilities

Looking ahead, the AI model provided a breakdown of the most likely scenarios for the upcoming week:

• Bearish Continuation (45-50% Chance): This is the most probable outcome. ChatGPT predicts the price could continue to fall, potentially reaching $2.10. Even if the drop isn't that severe, the token is expected to remain well below the $3.00 mark.

• Neutral Consolidation (30-35% Chance): In this scenario, XRP would find solid ground at the $2.20 support level but fail to break the $2.70 resistance. This would lead to the price trading within this range for the next week.

• Bullish Rebound (20-25% Chance): The least likely scenario is a strong price recovery. A rally above $3.00, potentially pushing towards $3.30, would require a major catalyst, such as positive news from Ripple or a significant return of trading volume.