XRP has the potential to hit double-digit prices by the next Bitcoin halving under optimistic circumstances or may remain lower in a bearish outlook.
As one of the leading cryptocurrencies, XRP continues to capture the attention of many industry watchers regarding its price movements. Currently, XRP is valued at $2.35, having decreased by 7% in the last 24 hours. Nevertheless, several predictions indicate a future where XRP could attain double-digit prices.
The cryptocurrency market operates on a four-year cycle characterized by price fluctuations, often influenced by Bitcoin’s halving events. Historically, XRP’s price behavior has reflected the cyclical nature associated with Bitcoin halvings.
The latest Bitcoin halving took place in 2024, and since then, XRP’s price has increased. With 1,133 days remaining until the Bitcoin halving in 2028, XRP holders are eager to assess how the token will fare in the interim.
This analysis will be informed by XRP’s historical trends between Bitcoin halvings and insights from experts.
XRP’s Growth from 2016 to 2020 Bitcoin Halving and from 2020 to 2024
The Bitcoin halving in 2016 took place on July 9, with BTC prices as low as $633. By the next halving, Bitcoin’s value had skyrocketed to nearly $10,000—a 15X increase.
At the time of the 2016 halving, XRP was priced at a mere $0.006624. By May 11, 2020, the date of Bitcoin’s next halving, XRP had climbed to $0.2002—an astounding increase of approximately 2,922% from its 2016 lows.
However, by the 2024 halving on April 20, XRP had a price of $0.5299. This represented only a 194% surge from the previous halving’s lows, unlike Bitcoin, which saw a remarkable 681% increase from its previous halving lows to the 2024 halving height.
Many believe that XRP’s relatively modest performance during the 2020 to 2024 period can be attributed to the SEC lawsuit. Even though XRP won the lawsuit in 2023, its price didn’t begin to trend upward until November 2024.
Following the 2024 halving, XRP has seen a 370% rise, currently trading at $2.35. The pressing question now is how XRP will navigate the period leading up to the April 2028 Bitcoin halving.
Should XRP follow a path similar to its progression from 2016 to 2020, with a 2,922% rise, its price could reach $15.10 from the 2024 halving lows.
Conversely, if it replicates the trend from 2020 to 2024, which saw a 194% surge, its price could climb to $1.47 based on the April 2024 halving low of $0.4995. This scenario indicates a bearish trajectory for XRP over the next three years.
From the current price of $2.35, such a projection may lead XRP to around $6.91 by 2028.
AI Predictions for XRP by 2028
According to ChatGPT, if XRP follows a bearish trend, it may land within the $6-$11 range by 2028. However, if it mirrors the explosive growth of 2016-2020, it could reach as high as $22.
With sustained bullish adoption and growth in utility, XRP could potentially elevate to between $30 and $40+, in the coming years. In highly optimistic scenarios propelled by global adoption and institutional involvement, XRP might exceed $44.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may reflect the author’s personal opinions and do not represent The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses.
