Ripple’s native cryptocurrency XRP, started the day trading in the $0.59 price range. The leading altcoin has been trending downwards in April as it has experienced a decline of nearly 8% in the last seven days. The broader cryptocurrency market has faced corrections over the last month following a strong rally in March. As Koinfinans.com reported, Bitcoin reached an all-time high of $73,737 in mid-March, pushing the overall cryptocurrency market to new heights.
The upcoming Bitcoin halving event has caused BTC and XRP prices to rise on the charts this year. For starters, the Bitcoin halving event will halve the supply of BTC, making the cryptocurrency rarely available on the market. This development will help push the price of BTC even higher as demand increases while supply decreases. Bitcoin halving is scheduled to occur on April 20, 2024.
XRP Price Has 200% Rising Potential
Finder’s panel of experts predicted that Ripple’s native cryptocurrency, XRP, could surge by 200% next. Panel consisting of cryptocurrency analysts, altcoin He set a price target of $1.73. This represents an increase of nearly 200% from its current price of $0.59.
The projected timeline for XRP is expected to reach $1.73 in 2025, an increase of 200. In this case, it means that investing $10,000 in the altcoin today will turn into $30,000 in 2025 if the prediction is correct. This can be interpreted as an excellent return on investment (ROI) within a year if the prediction comes true.
However, the cryptocurrency market may face many surprises and head south due to volatility. There is no guarantee that XRP will increase by 200% to $1.73 in 2025. Therefore, you should not invest without doing research, this is not an investment advice.
