XRP CAPTAIN (@UniverseTwenty), a prominent crypto analyst, has shared his thoughts on the timing of events that could send XRP to $130. This prediction is rooted in the potential settlement between Ripple and the U.S. Securities and Exchange Commission scheduled for the same month as the Bitcoin halving.
The Important Events
Judge Analisa Torres recently ordered that Ripple and the SEC meet to discuss a potential settlement. Both parties must have this meeting before the final pretrial conference on April 16, 2024. XRP CAPTAIN provides a picture that shows the next Bitcoin halving will take place on April 25, 2024.
As a means of fighting inflation, the Bitcoin halving typically causes a surge in price. The first Bitcoin halving in 2012 saw Bitcoin rise from $12 to over $1,000 in under a year. The second one, which happened in 2016, sent Bitcoin from $650 to $20,000.
The third Bitcoin halving sent Bitcoin from almost $9,000 to an all-time high of around $66,000 in 18 months. Bitcoin is the crypto market leader, and an uptrend will see other tokens like XRP enjoy a surge.
XRP’s Path to $130
Ripple’s partial victory in July saw XRP surge to its highest price in 2023 so far. The community expects the end of the lawsuit to have a similar, if not bigger effect. Pairing this with the Bitcoin halving could make XRP CAPTAIN’s $130 prediction feasible.
XRP CAPTAIN also highlights an old post from Ripple Chief Technology Officer David Schwartz, where he commented on an astounding 1,871% surge in the Liberty Tripadvisor class B shares (LTRPB). A price surge like this in the traditional stock market was an anomaly, given its lack of volatility.
During this surge, LTRPB skyrocketed from a closing price of just over $4 to a staggering high of $134 the next day. Schwartz, recognizing the extraordinary price surge, expressed his remorse for not investing in it despite his unfamiliarity with the stock.
JUST IN 🚨🚨 #Ripple Vs #Sec Settlement Following #bitcoin Halving. Perfect Time For #XRP To Hit 130$. I Hope Everyone Remember David Schwartz LTRPB. 👀👇 pic.twitter.com/QKFI1qfaL6
— XRP CAPTAIN (@UniverseTwenty) October 4, 2023
XRP CAPTAIN believes that the upcoming events might create the ideal conditions for XRP to reach $130, just like LTRPB. Notably, this prediction has the same target as XRP CAPTAIN’s former analysis based on a 6-year holding pattern.
EGRAG CRYPTO (@egragcrypto), one of the top crypto analysts in the XRP community, commended XRP CAPTAIN’s analysis of the timing and dates. However, it’s important to acknowledge that many within the community remain skeptical about the feasibility of such a monumental surge in such a short time frame.
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