ChatGPT's New Version Spells More Pain for XRP Holders

It was difficult to imagine in mid-May how much the cryptocurrency landscape could shift for the worse in such a brutal manner over the following three weeks. Aside from $BTC, which dumped beneath $60,000 for the first time since November 2024, and ETH sliding to a 14-month low, $XRP also slipped below crucial support levels and printed a 19-month low under $1.10 on Friday. The question now is whether this last line of defense above the psychologically important $1.00 will hold, or whether the cross-border token is destined for a trip into cents territory.

What Happens When Bears Take Complete Control? The popular AI solution's new version noted that the most realistic first bearish target sits at $0.90 if $XRP dumps below $1.00 soon, a scenario that looks increasingly plausible given current conditions. For reference, $BTC broke down below $60,000 earlier today, hitting its lowest price tag since before the US elections in late 2024. $XRP also dumped to its lowest level since those eventful November 2024 days, currently sitting below $1.10.

After breaking below its last major support level, $1.00 is now in focus, and another leg down could test it soon. If the token does dip to $0.90, that would represent another 18%-20% decline and likely coincide with continued weakness across the market, according to ChatGPT. It also outlined even lower targets if the bulls fall out completely, with the more bearish option seeing the asset dumping to $0.75-$0.80. The capitulation scenario envisions a drop to $0.60, though this remains a "low-probability outcome."

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"For $XRP to collapse that far, investors would likely need to face a combination of macroeconomic turmoil, a broader crypto bear market, and the disappearance of key bullish narratives such as ETF optimism and institutional adoption," the AI platform noted.

A Violent Rebound? ChatGPT also offered a different angle, suggesting $XRP could be "approaching the point where conditions become favorable for a relief rally." Basing its projection on historical patterns, particularly previous Junes during US midterm election years, it explained that "pessimism often preceded major recoveries." It outlined a possible and quick rebound to $1.25 and even $1.40 if buyers successfully defend the $1.05-$1.10 support region, something worth watching in the next days or even hours.