Ripple's XRP is one of the popular cryptocurrencies with loyal supporters and millions of owners. However, in December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, arguing that XRP is a security. This prevented XRP from benefiting from the 2021 bull run. So, when will the XRP bull run start? We asked the AI ​​chatbot called ChatGPT.

🤖 ChatGPT stated that regulations are critical for XRP's bull run to begin. Regulatory developments can have positive and negative effects. Clear and positive regulations can increase investor confidence.

The lawsuit between Ripple and the SEC could play a significant role in the value of XRP. A positive outcome could increase the price of XRP. In July, judge Analisa Torres ruled that secondary sales of XRP did not constitute an investment contract. This means that XRP does not meet the definition of a security.

However, this is only a partial victory and is being appealed by the SEC. Still, the price of XRP nearly doubled that day, and many exchanges that had previously delisted the cryptocurrency began trading again.

🚀 Winning against the SEC could positively impact XRP's price, but it's not the only thing that will trigger a bull run, according to ChatGPT. Other factors include market sentiment, adoption and use cases, market liquidity and trends, and market timing.

In particular, bull runs in altcoins often coincide with Bitcoin's parabolic movements, and there is a major event such as the Bitcoin halving in the coming period. This is expected to happen in the first quarter or second quarter of 2024.

However, the global economy may also have an impact. If the traditional financial space continues to collapse, the divergence of cryptocurrencies may become questionable.