Cryptocurrency

Experts Opinion: How High XRP Price Would Rise After Bitcoin Halving

The highly anticipated Bitcoin halving, expected on April 19th or 20th, has sparked renewed interest in the potential impact on altcoins like XRP. Experts are weighing in on how the digital asset might fare in the wake of this significant Bitcoin event.

Understanding the Bitcoin Halving and Crypto Market Dynamics

Bitcoin halvings occur roughly every four years and serve to reduce the rate at which new Bitcoin enters circulation. Historically, these halvings have often been preceded by bull runs. The interconnected nature of the cryptocurrency market means that the rise in the Bitcoin price can positively influence the prices of other crypto assets, including XRP.

XRP’s Past Performance and Current Outlook

In previous market cycles, XRP has also experienced upward momentum following Bitcoin halvings. However, the ongoing SEC v. Ripple lawsuit significantly hampered its performance in the bull market of 2021. While other cryptocurrencies reached new highs, XRP’s peak in that period was notably lower than its all-time high in 2018.

With increased legal clarity stemming from the July 13th ruling in the Ripple lawsuit (where the judge declared XRP a non-security asset), optimism surrounds XRP’s potential in the present market cycle.

Analyst Predictions for XRP After Bitcoin Halving

Market analyst Leb projects that XRP could reclaim its previous all-time high of $3.84 either immediately before or after the Bitcoin halving. CrediBULL, another well-known expert, forecasts a potential surge of over 100% for XRP against Bitcoin after the halving.

Jake Gagain and Dark Defender share the prediction that XRP could reach $5.85 in the months following the halving, potentially extending into 2025. Google Bard, the popular AI chatbot, offers a more ambitious outlook. The AI predicts that XRP could hit $38.5 if Bitcoin reaches $100,000 post-halving, or even $46.5 if Bitcoin surges to $250,000.

Current Market Status

At the time of writing, XRP is trading at $0.4451, with a 24-hour decline of 18.73%. It maintains its position as the seventh-largest cryptocurrency by market capitalization, which currently stands at $24 billion.

It is important to know that these projections represent expert opinions and should not be taken as guarantees. Crypto markets are inherently volatile, and it’s crucial to conduct your own research before making investment decisions.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Plus Wallet Strengthens Its Position as a Leading Decentralized Wallet! OKX Grows & ETH Blob Fees Soars

Recent updates in the crypto world showcase notable advancements across platforms and technologies. Ethereum blob…

19 mins ago

Plus Wallet Leads with 15-Minute Token Listings! Apillon Launch & U.S. Government Crypto Wallet Hack Update

Many investors are increasingly turning to cryptocurrency for its substantial profit potential. However, for those…

49 mins ago

Crypto Price Prediction October 2024: Analyst Forecasts 100% Pump For Dogecoin, 10,000% Rally For ETFS, And Only 30% For XRP

As we approach the bull run, the cryptocurrency market is buzzing with predictions and potential.…

49 mins ago

Plus Wallet Gains Popularity as Daily Rewards Demand Increases; Insights on Crypto Staking & Binance Web3 Wallet

The appetite for daily reward programs is reshaping the cryptocurrency landscape. Observations indicate a rise…

2 hours ago

Vitalik Buterin on Ethereum’s Verge: Why This Is Good News For FX Guys

Ethereum’s roadmap has seen tremendous growth, with updates like "The Merge" and "The Surge" already…

4 hours ago

How to make money online safely and easily, BCH mining teaches you how to make $1000 a day through cloud mining.

In the fast-paced world of cryptocurrency, simplicity and profitability are key. For beginners looking for…

5 hours ago