After the recent Bitcoin halving event, we have gathered six noteworthy XRP price predictions to shed light on the community’s expectations for the cryptocurrency.
The highly anticipated Bitcoin halving has occurred, marking the fourth time in history that the Bitcoin network has undergone this event. Following the implementation of the latest halving at 12:09 (UTC) today, the block reward, which represents the amount of new BTC created, has been reduced to 3.125 per block.
With the reduced inflation rate, industry experts believe that Bitcoin could experience a price surge after the halving, as observed in previous market cycles. Consequently, there are expectations of similar price surges for altcoins like XRP. To provide a glimpse of what the community anticipates, we have compiled some post-halving XRP price predictions.
One month ago, crypto analyst Leb examined XRP’s price movements over a 2-week period in an attempt to project its future direction. As reported by The Crypto Basic, the analyst predicted that XRP could surpass its latest all-time high and potentially reach $3.84 before or immediately after the halving.
On March 18, another market analyst named CrediBULL forecasted an imminent XRP surge after the halving, but assessed this projected increase in relation to Bitcoin’s price movements. According to CrediBULL, XRP could spike 100% against BTC in the period following the halving.
Additionally, Google’s experimental AI project, Google Bard (now Gemini), fueled speculation in December when it responded to queries from The Crypto Basic. Bard’s XRP price predictions were based on projections that Bitcoin could reach $100,000 and $250,000 after the halving. The AI chatbot projected a higher XRP surge for every 100% increase in Bitcoin’s price post-halving, suggesting that XRP could reach $38.5 if Bitcoin hits $100,000 and $46.5 if Bitcoin rallies to the ambitious $250,000 target.
Furthermore, The Crypto Basic conducted an assessment earlier this week to determine how much XRP would surge if it replicated its previous price increase following the 2020 halving. After confirming that XRP rose by 942% from May 2020 to April 2021, the report suggested that a similar uptick would take XRP’s price to $5.2 after the recent halving.
Notable market watcher Jake Gagain shared a similar perspective in an analysis on March 21. Gagain’s XRP price predictions focused on projections for the year 2025, several months after the halving. According to him, XRP could rise to $5 by 2025. Analyst Dark Defender had previously set his XRP price target at $5.85.
Despite XRP’s underperformance, these price predictions all suggest bullish momentum after the halving. Currently, XRP is priced at $0.5142, reflecting a 2.23% increase in the last 24 hours. This recovery follows a decline to a low of $0.4188 during the broader market crash.
Please note that the information provided in this article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.