Google AI says if the lawsuit is resolved, it could lead to a significant increase in XRP demand

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Google Bard noted that the XRP lawsuit is a very big road bump for the XRP trade price.

XRP is a popular coin in the crypto sector, which runs on Proof-of-work (PoS) XRP ledger (XRPL). Ripple Labs is the backend engineering team behind this crypto project. Ripple provides global payment services with the help of XRP coin. Since Dec 2020, Ripple has been under legal hurdles with the United States Securities and Exchange Commission (SEC) over the nature of its business.

On 30 May 2023, Finbold tested Google Bard, an experimental AI chatbot powered by Alphabet, to predict the price of XRP coin by the end of this year.

As per the report, Google Bard noted that the current situation is very tough to predict the price of XRP coin because of the ongoing XRP lawsuit with the US SEC agency. 

According to Google Bard, the XRP coin will see better demand in the crypto sector if Ripple will score the win against the SEC body in the XRP Lawsuit.

“The SEC lawsuit against Ripple Labs is a major overhang on the XRP price. If the lawsuit is resolved in Ripple’s favor, it could lead to a significant increase in demand for XRP,” Google chatbot stated.

On the price prediction, Google Bard predicted that it will trade at near $0.58 by the end of 2023. 

XRP coin price action

In the present situation, the Ripple defense lawyers are standing in a better position against the SEC body. Recently the court rejected SEC’s motion & ordered Hinman to provide Hinman documents in court. 

Under this situation, crypto investors are positive about the next move of the XRP coin trade price. The current trade price of XRP is 12.62% high over the last 7 days of trade price.

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