XRP Predicted to Recover Amidst Significant Decline

XRP has seen a significant decline in recent months, dropping 19% to its lowest price in over a year. Despite this, an AI model, ChatGPT, is predicting a recovery for the cryptocurrency.

According to ChatGPT, XRP's RSI reading of 18.61 is deeply oversold, indicating that a short-term bounce is likely. Additionally, institutional buyers have been purchasing XRP ETFs, with $131.94 million in May alone.

The AI model also notes that XRP has a track record of leading recoveries from previous selloffs, with the token surging 24-25% in January and 38% after February's crash.