AI Models Forecast XRP Price Range Ahead of ETF decision
XRP has regained momentum, surpassing the $3 threshold as investors anticipate a ruling on several spot Exchange-Traded Fund (ETF) applications. A recent analysis by Finbold‘s AI Signals platform utilized three machine learning models to predict the XRP price before the end of October, with varied results.
The most bullish model, Claude Sonnet 4, forecasts a price increase to $3.45.Grok 3 predicts a more modest rise to $3.15. Conversely, GPT-4O deviates from the optimistic trend, anticipating a price decrease to $2.95.
The predictions coincide with a positive market trend for XRP, which has seen a greater than 11% increase in price and a 32% surge in trading volume to $7.57 billion over the past week.
Technical indicators also suggest potential for growth. XRP has moved above its 20 and 50-day Moving Averages, with the Relative Strength Index (RSI) currently at a neutral 55.55. The MACD and Awesome Oscillator are displaying cautious signals.
The U.S. Securities and Exchange Commission (SEC) is expected to issue its first decision on the ETF applications on October 18. Approval could attract notable institutional investment and drive a price rally, while rejection or postponement could trigger a sell-off.
Analysts note that a breakout above the $3.20 resistance level could propel XRP towards $3.40, a price range previously tested in August. The coming weeks are therefore critical for XRP’s performance.
