"Bearish Technicals Keep XRP Grounded ChatGPT's model focused on bearish technicals and macro risks. XRP trades below its 50-day and 200-day moving averages, signaling the overall trend remains down as rallies keep hitting overhead resistance at those levels. Bitcoin's weakness also doesn't help. With Bitcoin testing the $85,000 support as investors pull back from risk, altcoin momentum is limited. ChatGPT sees XRP held back by broader market pressure. Until Bitcoin finds a floor, smaller tokens like XRP will struggle to attract capital."
"Limited Upside Despite Oversold Conditions The AI model acknowledged potential short-term bounces. Technical indicators hint at oversold conditions that often precede 10-15% relief rallies. That could push XRP slightly above $2.00, but it's not enough for sustained momentum. The model's forecast reads cautious. It bets XRP will trade flat into December with perhaps a modest gain, but doesn't break out."
OpenAI's ChatGPT projects XRP around $2.02 by early December, implying minimal near-term gains. The AI model emphasizes bearish technicals, noting XRP trades below its 50-day and 200-day moving averages and faces overhead resistance. Broader market weakness, including Bitcoin testing support, limits altcoin momentum and keeps XRP subdued. Technical indicators hint at oversold conditions that could produce 10-15% relief rallies, but the model expects only modest, short-lived bounces. Crypto analysts foretell stronger year-end upside, clustering targets near $2.70–$2.85 driven by ETF inflows, expanding utility, Ripple's banking relationships, and renewed institutional demand.
Read at 24/7 Wall St.
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