The AI chatbot ChatGPT has predicted that the XRP price could rise if Donald Trump wins the upcoming US presidential election.
With the November elections just weeks away, the crypto community is becoming even more involved given the impact the poll results could have on Bitcoin (BTC) and the crypto industry as a whole.
Significance of the US presidential election
For example, several crypto-inspired political action committees (PACs) have been established in the past few months to rally support for Republican candidate Donald Trump and Democratic candidate Kamala Harris. .
Notably, the super PAC Future Forward USA will receive $10 million in XRP from Ripple Chairman Chris Larsen in support of Kamala Harris. Additionally, Trump47, a PAC seeking to support Donald Trump’s presidential ambitions, has received $7.5 million in crypto donations from crypto leaders.
The increased involvement in the upcoming election confirms how important the crypto community is to the next U.S. administration and how that administration’s policies may impact the industry.
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In particular, the current Biden administration has been criticized for its lack of clarity on the crypto industry and enforcement actions by SEC Chairman Gary Gensler. Some argue that this lack of clarity is hampering U.S. industrial growth.
A classic example is the nearly four-year legal battle between Ripple and the SEC. XRP has underperformed and faced price suppression since falling from a peak of $3.3 in January 2018, and some market commentators believe this lawsuit is to blame.
ChatGPT predicts XRP price if Trump wins
Trump already leads Harris in the polymarket. Many crypto industry leaders believe that a victory for Trump, who has been more crypto-friendly than ever before, could change the course of the entire industry, and that XRP could benefit from these regulatory changes and rally. I believe that there is a possibility that this may occur. However, the extent of this increase remains unclear.
As a result, we recently asked OpenAI’s ChatGPT to predict what the price of XRP would be if it rose on the back of Donald Trump’s victory. In response, the chatbot confirmed that the XRP price could indeed skyrocket if Trump wins and implements policies favorable to the crypto industry.
ChatGPT predicts XRP price
These policies could provide regulatory clarity and accelerate the adoption of cryptocurrencies. If this happens, ChatGPT believes that the XRP price could rise from $1.50 to the price range two months from now after a Trump victory. However, this depends on market momentum and adoption levels.
Interestingly, the chatbot speculates that XRP could cross the $2 mark if the bull market expands. ChatGPT believes that XRP could reach above $3 and regain its $3.8 peak if the bull market spreads. XRP would need to rise over 600% to claim the $3.8 price.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
