XRP Community Speculates on Best Time for XRP to Reach $130

The emerging speculation on XRP hitting $130 builds on a past post from Ripple CTO Schwartz, which some XRP community members have continued to read.

Past Speculation 

Specifically, in April 2020, David Schwartz commented on an unprecedented 1,871% surge in the Liberty Tripadvisor class B shares (LTRPB). This surge was uncommon in the traditional stock market due to the generally low volatility.

The LTRPB stock had rallied from an April 14 close of $4.51 to a high of $134 on April 15, 2020. Schwartz called attention to the astronomical surge when it had soared to $130 and corrected it, expressing regret for not holding it despite not knowing the stock.

However, known for ascribing ominous meanings to ordinary situations, the XRP community has continued to read a different meaning to the April 15, 2020, post from the Ripple CTO. Most of these meanings suggest that the post hints that XRP could hit $130 someday. 

Latest Remarks

Now, the latest wave of remarks adds some weight to the previous speculation. In a recent post on X, pseudonymous community member XRP Captain triggered fresh speculation when he asserted that April 2024 could be the perfect time for XRP to hit the $130 target.

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

This projection stems from juxtaposing the scheduled pretrial and trial dates in the Ripple vs. SEC lawsuit and the date for the next Bitcoin halving. The next Bitcoin halving is expected to occur on April 25, 2024.

In addition, recall that Judge Analisa Torres recently denied the SEC’s motion to file an interlocutory appeal to the part of the July 13 ruling that was not in its favor. Judge Torres set a trial date of April 23, 2024, with April 16, 2024, scheduled for the final pretrial conference.

The broader crypto community expects the Bitcoin halving event to trigger a massive run. The community believes this would impact other crypto assets favorably. XRP community member Lord XRP recently called attention to the bullish trend following every halving.

Aligning the Bitcoin halving with the final pretrial conference date, XRP Captain suggests that April 2024 could be the best time for XRP to claim the speculated $130 target. However, most community members have doubted the possibility of such an increase within a short time.

XRP is trading for $0.5262 as of press time. Hitting $130 in April 2024 would translate to a 24,605% surge within seven months. In addition, a $130 price would bring XRP’s valuation to $6.9 trillion, over 6x the market cap of the entire crypto market today. This has compounded the skepticism.