Ripple hits the headlines yet again. A logline—a condensed form of the emotional and logical core of a potential movie film about a cryptocurrency company—written by ChatGPT at the request of Ripple CTO David Schwartz has been made public. Schwartz condensed the entire gist into a single statement with the aid of artificial intelligence.
The blockchain creator has named the movie “Ripple, The Movie,” and it contains the following basic plot,
“When a scrappy financial startup takes on a web of corruption and betrayal to bring instant payments to the masses, they learn that the cost of disrupting the status quo is higher than they could ever have imagined, forcing them to decide between their vision and their survival.”
As you can see, “Ripple, The Movie” revolves around the tale of the business’ legal conflict with the SEC, and more particularly, ETHGate. According to ETHGate, which was first reported by U.Today, organizations connected to Ethereum have to resort to working with regulators like the SEC to thwart rivals. As a result, XRP is thought to have lost ground against ETH in the cryptocurrency market.
The logline does not make it obvious that ChatGPT refers to Ripple as a scruffy start-up. According to the most recent news and reports, the company is performing well and hardly qualifies as that. In this sense, it’s possible that the artificial intelligence aimed to add drama to the narrative and portray Ripple as a sort of David taking on the corrupted regulatory Goliath.
Ripple’s XRP Shows Bullish Signs
In March 2023, Ripple’s native token is trading sideways and has spent the previous ten days around the $0.37 level. XRP is attempting to climb over its $0.40 resistance level but is failing to do so. Given that investor shorting of XRP has dropped to an all-time low, according to statistics from the Bitfinex platform, the cryptocurrency may soon reach $0.40.
Mr. Huber, a proponent of cryptocurrencies and XRP, tweeted that short positions in XRP/USD had reached an all-time low. Want some encouraging news? For the first time ever since they started, XRP shorts just reached an all-time low,” he tweeted.
The new information shows that XRP may be able to increase in value without being constrained by “shorting,” which might cause its price to fall. The information, however, is limited to the Bitfinex bitcoin trading platform, making it unable to verify it on other exchanges.