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XRP If Trump fulfills his "$5000 per person" promise, can XRP usher in an explosion? ChatGPT gives specific goals
Whether the proposal is morally desirable or not, U.S. President Donald Trump made a bold promise earlier this week: If his party wins in the midterm elections, his government will pay $5000 to every American adult. History shows that when free money flows into the pockets of Americans, at least part of it tends to flow to the cryptocurrency market (think back during the COVID-19 epidemic). As a result, some analysts claim that if Republicans win and Trump fulfills his promises, the stimulus checks could fuel a "crazy" bull market in altcoins.
Realistic target ranges
Before delving into ChatGPT's specific predictions for XRP-some of which are quite aggressive-we need to be clear: Even if Trump really wanted to hand out such a large amount of cash to every American adult, it would be an extremely difficult task. First, he needs congressional approval. If his party wins the election, it means they can pass the proposal on the ballot.
However, even some Republicans are highly concerned about the commitment, believing it will further push up inflation and worsen the country's fiscal stability. It is estimated that this move will cost the country approximately US$1.2 trillion to US$1.35 trillion.
Arizona Republican Rep. David Schweecter, who is leaving office at the end of his term, bluntly told Reuters: "I personally will go all out to stop this plan because it will actually do more harm to working people than help."
Still, let's assume that Trump does move forward with the plan smoothly and that $5000 eventually reaches every American adult. ChatGPT is optimistic that XRP will be "one of the more profitable large-cap altcoins." Given that the asset is currently priced at approximately $1.40, the popular AI platform points out that its most realistic price target may be between $2.50 and $3.00. If the higher target can be reached, this will be a significant increase of more than 100% for XRP. But this is not ChatGPT's most bullish forecast.
More aggressive outlook
In subsequent, more bullish scenario analysis, the chatbot described the higher goals XRP might achieve if all conditions fit perfectly. If the broader crypto market embarks on a more significant wave of expansion, similar to the one two years ago, and led by the restart of the Bitcoin bull market, XRP could easily break past $2.00 and move towards $3.00 within weeks. If financial conditions in the United States subsequently ease, ChatGPT said: "I will become significantly more optimistic."
It points out: "In this environment, an XRP of $3.00 does not seem extremely outrageous, and $4.00 to $5.00 becomes possible."
However, ChatGPT also said that any price above $5.00 is currently more a "fanatical scenario" than an expectation based on fundamentals.
