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We have compiled six of the most notable XRP price predictions after the recent Bitcoin halving event to spotlight expectations for XRP following the event.
The much-anticipated Bitcoin halving has occurred, marking the fourth time in history the Bitcoin network is recording the event. Following the implementation of the latest halving at 12:09 (UTC) today, block reward, representing the amount of new BTC created, has reduced to 3.125 per block.
With the reduced inflation rate, industry experts believe Bitcoin could record a price surge after the halving, a trend observed in previous market cycles. As a result, there are expectations of similar price surges for altcoins such as XRP. We have compiled some of the post-halving XRP price predictions to provide a glimpse of what the community expects.
XRP Price Predictions after the Bitcoin Halving
Last month, crypto analyst Leb evaluated XRP’s price movements on a 2-week timeframe, looking to project its future direction. As reported by The Crypto Basic, the analyst noted that XRP could breach its latest ATH, eventually hitting $3.84 before or right after the halving.
On March 18, another market analyst CrediBULL predicted an imminent XRP surge after the halving, but assessed this projected increase against Bitcoin’s price movements. According to CrediBULL, XRP could spike 100% against BTC in the period after the halving.
Meanwhile, Google’s experimental AI project Google Bard (now Gemini) added to the speculations last December following queries from The Crypto Basic. Bard’s XRP price predictions hinged on projections that Bitcoin could hit $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. As a result, it asserted that XRP could reach $38.5 if Bitcoin hits $100,000 and $46.5 if Bitcoin rallies to the ambitious $250,000 target.
The $5 Price Projections
In an assessment earlier this week, The Crypto Basic evaluated how much XRP will surge if it replicates its previous price increase following the 2020 halving. Having confirmed that XRP rose 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.
Jake Gagain, a notable market watcher, presented a similar stance in an analysis on March 21. Gagain’s XRP price predictions involved projections for next year, months after the halving. According to him, XRP could rise to $5 in 2025. Meanwhile, analyst Dark Defender also previously set $5.85 as his XRP price target.
These XRP price predictions all project bullish momentum after the halving despite XRP’s underperformance. Its price currently sits at $0.5142 amid a 2.23% increase over the last 24 hours. This recovery push comes up after XRP slumped to a low of $0.4188 on the back of the broader market crash.