XRP rose 16% to $1.39 on August 21, and OpenAI's ChatGPT projects the token at $1.55 by September 1.
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XRP eyes $1.55 by September 1 as ChatGPT predicts 12% upside
XRP rose 16 percent to $1.39 on August 21, with OpenAI's ChatGPT projecting $1.55 by September 1 — a 12 percent upside from current levels.
"XRP could extend the ongoing rally into next month, potentially reaching $1.4-$1.65 by September 1," the ChatGPT model said, citing current market momentum and key technical levels.
The surge followed a record wave of short liquidations that added hundreds of billions to the crypto market's capitalization within 24 hours, and an announcement that Ripple, Clearpool, and Cicada Partners would build institutional credit infrastructure on the XRP Ledger. XRP trading volume more than doubled on August 21, according to market data.
Even the most bearish ChatGPT scenario — a retreat to $1.15-$1.3 — would keep XRP above the $1 level where it has traded for the past month. The algorithm's most likely price of $1.55 implies further upside of 12 percent.
Whale accumulation and network strength back the rally
On-chain data supports the bullish outlook. Wallets holding between 1 million and 10 million XRP collectively added approximately 190 million tokens in a single day, according to analyst MRCAULIMANN. The XRP Ledger processed roughly 1.89 million transactions in the last 24 hours, with about 2,300 new addresses joining the network.
The XRPL's built-in decentralized exchange saw nearly $2 million in activity during the same period, though the majority of XRP trading volume remains on centralized platforms. Open interest in XRP derivatives has also surged, according to CoinCodex data.
A proposed amendment to the XRP Ledger protocol currently holds just 34 percent approval from network validators, well below the 80 percent threshold required for activation. The amendment could limit some functionality upgrades for now.
For XRP bulls, the key technical hurdle is maintaining the token's position above its previous trading range. Bitcoin's strength and sustained derivatives demand would be the primary drivers of the $1.7-$2 bullish scenario, the ChatGPT model noted. A strong Bitcoin environment has historically lifted altcoin prices through increased risk appetite across the crypto market.
The prediction comes as XRP had been consolidating near $1 for weeks before the August 21 breakout. The token's 22.4 percent gain over the past week, per CoinCodex, marks its strongest weekly performance since the broader market rally began. The institutional credit infrastructure collaboration between Ripple, Clearpool, and Cicada Partners is expected to bring on-chain lending and borrowing products to the XRP Ledger, potentially expanding the network's utility beyond payments.
This article is for informational purposes only and does not constitute investment advice.
