According to a recent Bloomberg article, Bitcoin’s (BTC0 latest surge could be the beginning of a new cycle that takes the original cryptocurrency to $500,000. However, if Bitcoin reaches $500k, other altcoins, such as Ripple’s XRP token, could follow suit.
While asking Google’s Bard AI (Artificial Intelligence) about XRP’s price when Bitcoin (BTC) hits $500k, the AI chatbot gave three potential scenarios.
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In its most moderate scenario, Ripple’s XRP token could reach a price of about $1.5 or $3 if Bitcoin’s spike continues. The price spike translates to a maximum growth of around 383% from current levels. In this case, XRP’s price increase may not be proportional to BTC due to its legal uncertainty.
Google’s Bard also gives a strong outlook for XRP, given a favorable outcome in its legal battle, predicting a price of $5 to $10. The increase would translate to a maximum growth of about 1512% from current price levels.
Lastly, Google’s Bard also gives an optimistic scenario where Ripple’s XRP token’s price surges beyond $10. XRP’s price could surge beyond $10 if Ripple gains significant ground in global finances via its cross-border and remittance settlements. Moreover, the fintech company could see an increase in institutional partnerships, further pushing XRP’s price.
When will Ripple’s XRP hit $3 or $10?
According to the Bloomberg article, Bitcoin (BTC) could go “from $50,000 in the immediate term to above $530,000.” However, the report does not give any specific timeline for BTC’s price surge.
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However, it is unlikely that BTC will surge to beyond $500k in the next bull run. Nonetheless, many expect the original cryptocurrency to hit 6-figures sometime this decade. On the other hand, Ripple’s XRP is seeing a lot of interest among institutions for cross-border settlements. With a high chance of the court ruling in Ripple’s favor, we may see a surge in the token’s price and adoption.