Following the announcement by Grayscale, a prominent digital asset manager, about the launch of an XRP Trust, there is speculation that this move could be a strategic step toward establishing the first XRP (XRP) spot exchange-traded fund (ETF) in the United States. This development has sparked significant interest and excitement in the cryptocurrency market.

The immediate impact of Grayscale’s announcement was a bullish rally for the XRP token. Within 24 hours, XRP became one of the top-performing assets in terms of price movements and market capitalization, alongside Quant (QNT) and Worldcoin (WLD). This positive sentiment has also been reflected in the projections made by various artificial intelligence (AI) models.

Finbold has consulted several AI models to gain insights into the potential price range for XRP if the token were to secure its own spot ETF. For instance, OpenAI’s advanced language model, ChatGPT-4o, suggested that XRP could trade between $0.67 and $0.75. However, the AI emphasized the importance of considering market uncertainties and dynamics, noting that the actual performance would depend on broader market conditions and investor sentiment at the time of the ETF launch.

Meanwhile, Meta Platforms’ AI assistant, Llama 3.1, observed that in the short term, the launch of an XRP spot ETF could lead to a significant price surge, potentially reaching $0.75 or higher. Llama 3.1 noted that the XRP price is currently constrained within a medium-term pennant structure. The AI also highlighted that an XRP spot ETF would likely increase demand for XRP, which could drive prices higher. Nevertheless, the final price range would be influenced by various factors such as market reactions, investor interest, and overall market conditions.

Additionally, Google Gemini, a generative conversational AI developed by Alphabet Inc., outlined three scenarios for XRP’s potential price following the launch of a spot ETF. These scenarios were based on institutional adoption, regulatory clarity, and market sentiment.

Renowned pseudonymous trading expert TradingShot has also weighed in on Grayscale’s new Trust launch. TradingShot described it as potentially marking “the dawn of a new era” for cryptocurrencies. However, they also pointed out a bearish trend for XRP since July 13, 2023, noting a “Channel Down pattern” in a TradingView post dated September 13. The analyst emphasized that XRP had formed a series of Lower Highs after reaching new highs. This trend has historically pushed prices lower to at least the 0.618 Fibonacci Channel level, maintaining a bearish sentiment.

TradingShot further noted that as long as these Lower Highs persist, a short-term bullish outlook is unlikely. The target remains at $0.4000 (Fib 0.618). However, should the price break above the Lower Highs trend-line, they would shift to a bullish stance, targeting the 2.0 Fibonacci extension at $1.1275.

As of press time, XRP was trading at $0.56858, reflecting a 5.12% increase in the past 24 hours and a 6.05% gain over the previous week. This performance has helped reduce its monthly losses to 1.40%, according to data from September 13.

Ultimately, if XRP secures its own spot ETF like Bitcoin (BTC) and Ethereum (ETH), it might reach the price levels projected by these AI models. However, trends in the crypto market are highly volatile and can change rapidly. Therefore, it is crucial for investors to conduct their own research and stay updated with any news regarding XRP before making investment decisions.