XRP may reverse ETH in case of ripple win against SEC (ChatGPT speculates)

TL;DR

Ripple’s XRP fell to around $0.44 after previously above $0.70, on hopes of a price recovery tied to the outcome of the SEC lawsuit. ChatGPT predicts that while a legal victory for Ripple against the SEC could boost XRP, the asset would need an additional boost to surpass ETH.

Is possible?

Ripple’s XRP experienced a major price resurgence in mid-March, breaking above the $0.70 mark. Since then, however, it has suffered a massive decline, recently falling below the $0.40 level for the first time in over a year. The token is currently worth around $0.51 (according to CoinGecko data).

Some industry participants believe that a possible XRP price recovery depends on a positive outcome of the lawsuit between Ripple and the US Securities and Exchange Commission (SEC). We decided to take this hypothesis a bit further by asking ChatGPT if the asset could topple Ethereum (ETH) in the event of a decisive win for the company.

The AI-powered chatbot predicted that this scenario could significantly increase the value of XRP. However, investing ETH sounds quite unlikely and would require additional factors.

ChatGPT noted that Ethereum’s current market capitalization is over $370 billion, almost 15 times that of XRP. He also stated that the second largest cryptocurrency has consolidated its leadership position in the industry in recent years due to its extensive ecosystem, including decentralized applications (dApps) and smart contracts, “which drive its utility and value “.

“XRP should see substantial adoption and utility beyond its current use cases to exchange ETH for market cap. This would likely require widespread institutional adoption and favorable regulatory environments globally,” concluded the chatbot.

Ripple v SEC: Latest Developments

The case has been ongoing since December 2020, when the regulator sued the company for allegedly conducting unregistered securities offerings through XRP sales. After numerous ups and downs, the lawsuit finally reached the trial stage in April this year.

Although this is the final phase, industry participants could wait a little longer for a final resolution due to the complexity of the legal process and potential appeals from both sides. One person who believes a deal could happen as soon as this month is US attorney Fred Rispoli.

One of the main issues in the dispute is Ripple’s potential fine. The SEC initially sought a penalty of $2 billion, while the company insisted on a sum of no more than $10 million. Last month, the agency softened its tone and proposed a fine of $102.6 million.

Those who want to learn more about the case and its impact on the price of XRP, feel free to check out our dedicated video below:

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