Elon Musk’s Grok AI has forecasted a modest gain for XRP, predicting the cryptocurrency could reach $4.25 by the end of 2026 in a full bull market. While this represents a significant return for investors over the next three months, it may temper some of the more bullish optimism surrounding XRP.
Perplexity AI highlights several positive developments beneath the current price, including accelerating activity on the XRP Ledger. Active addresses surged 84% to 43,543 in August and September, while daily payments exceeded 2.6 million. This rise in users and transactions suggests measurable network demand, beyond mere speculation.
Institutional interest is also growing. The Bank of Montreal and National Bank of Canada recently disclosed XRP ETF exposure in their 13F filings, adding XRP to portfolios managing hundreds of billions of dollars. Additionally, Evernorth launched its XRPN ticker on Nasdaq and announced a partnership with South Korea’s Meritz Securities, further boosting institutional confidence.
Technically, XRP is at a pivotal test after recovering from a drop below $3.00 last year. The cryptocurrency closed at $1.51, down 8.2% overnight, with immediate support around $1.00. If XRP holds above $1.50 and breaks the pattern of lower highs, it could provide a strong foundation for Perplexity AI’s $3.50 forecast. However, the Relative Strength Index (RSI) indicates short-term momentum favors sellers, with increased selling pressure.