With the Bitcoin halving slated to occur next week, speculation surrounding the price of XRP after the event has gained momentum as top experts share intriguing insights.
Bitcoin’s (BTC) price movements typically influence the performance of other crypto assets, including XRP. In particular, crypto prices usually soar whenever there is a spike in BTC value, and vice versa.
With the highly anticipated Bitcoin Halving expected to occur by April 19 or 20, market watchers expect the event to pave the way for the next bull run.
Historically, prices of altcoins spike alongside BTC after the Bitcoin Halving. Consequently, analysts are expecting this upcoming Bitcoin Halving to usher in the same trend observed in previous market cycles.
It bears mentioning that the SEC v. Ripple lawsuit prevented XRP from recording significant gains during the last bull market. While other assets registered new all-time highs in 2021, XRP surged to around $1.98, down 48.43% from the ATH of $3.84 recorded in January 2018.
Interestingly, top market watchers and crypto prediction platforms believe XRP’s performance in this market cycle will be considerably different from the previous one.
This optimism stems from XRP receiving legal clarity in the Ripple lawsuit, where the judge declared the coin as a non-security on July 13.
Projected XRP Price After Bitcoin Halving
We have compiled a list of predictions for XRP after the Bitcoin halving.
Prominent market analyst Leb projected that XRP will hit its previous ATH of $3.84 before or right after the Bitcoin Halving. At the current exchange rate of $0.545, XRP is down 85.85% from its previous peak price.
Last month, another famous expert, CrediBULL, forecasted that XRP could spike over 100% against the BTC pair after Bitcoin Halving.
Furthermore, Jake Gagain asserted that XRP’s price could hit $5.85 by 2025, several months after the upcoming Bitcoin Halving. Gagain’s prediction aligns with a similar forecast issued by Dark Defender last month. As reported earlier, the analyst speculated that XRP would reach the $5.85 target in the coming weeks.
Meanwhile, popular AI chatbot Google Bard projected that XRP could reach $38.5 if Bitcoin hits $100,000 post-halving. It also expects the coin to spike to $46.5 should Bitcoin surge to $250,000.
In the meantime, XRP trades for $0.545, down 10.45% over the past 24 hours. The leading crypto asset is currently ranked as the seventh-largest cryptocurrency with a market cap of $29.94 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
