A comprehensive XRP analysis by ChatGPT, which synthesizes over 23 real-time technical indicators, has revealed strong bullish momentum for the asset. XRP has recorded a surge to $2.9543. This movement coincides with two high-impact news items: the announcement from SBI Group, a partner of the Bank of Japan, about an official XRP lending program, and the transition of Ripple’s CTO, David Schwartz, to a new role.
Institutional Validation Boosts the Asian Market
According to the XRP analysis by ChatGPT, the most influential news is the launch of SBI’s lending program. This initiative is interpreted as unprecedented institutional validation for the use of XRP in Japan’s economy. The move suggests that the country is preparing to utilize XRP on a large scale for institutional payments, reinforcing its utility beyond mere speculation. This development has caused XRP’s trading volume in Asia to surpass that of Bitcoin on some of the region’s top exchanges.
Additionally, the analysis processes the departure of David Schwartz, who will now serve as CTO Emeritus after 13 years. Far from being a negative signal, the community interprets it as a sign of maturity. It indicates that Ripple’s infrastructure is ready to run autonomously, with less dependence on its founders. These fundamental developments are crucial for market sentiment.
Is Reaching $4 Possible According to Technical Analysis?
From a technical standpoint, the XRP analysis by ChatGPT highlights a very bullish structure. The asset is trading above all its key exponential moving averages (EMAs), such as the 50-day ($2.92) and the 200-day ($2.61). This positions it for a potential breakthrough above the psychological barrier of $3.00, especially with decisions on XRP ETFs expected in October. Trading volume has soared, indicating massive institutional participation in response to the announcements.
The analysis’s predictive model yields three likely scenarios for the next three months. The most probable, with a 55% chance, is an “institutional breakthrough scenario.” If XRP breaks above $3.00 and ETFs are approved, the price could reach a range of $3.50 to $4.00. A consolidation scenario (30%) would keep the price between $2.85 and $3.10, while a correction scenario (15%) could take it down to $2.80 if it fails to overcome resistance.
The XRP analysis by ChatGPT concludes that the asset is at a decisive inflection point. The immediate trajectory depends on its ability to break the $3.00 resistance. If successful, the combination of institutional validation in Japan and the potential approval of ETFs could be the catalyst to reach new all-time highs in the short to medium term.
