Bitcoin Halving The expectation around him has already started to show his potential. The cryptocurrency market is experiencing pre-halving jitters, which are compounded by geopolitical tensions and adding further flavor to the overall market turmoil. However, with the Bitcoin Halving fast approaching, prices of major cryptocurrencies may show minor price declines before gaining bullish momentum. Ripple (XRP) is no exception to this change.
XRPAlthough Bitcoin has adopted a rather slow pace this bull season, investors are still eager to explore the potential of Ripple and hope that its price may appreciate after the Bitcoin Halving event.
XRP and Bitcoin Halving
Bitcoin Halving, crypto- It is considered a major event in the mining world, and the halving of miner rewards is a critical step towards keeping Bitcoin’s scarcity element in check. This event also limits the supply of Bitcoin, solidifying its price appreciation.
Bitcoin Halving is often seen as a period when momentum for Bitcoin dissipates to other cryptocurrencies. XRP is expected to capitalize on this momentum and show consistent price movement, leading to the start of the bull market.
XRP Price Projection
Major crypto analysis platform CoinCodex predicts that XRP will gain a striking 15% in value by April 23, trading at $0.57.
XRP price prediction for the next 30 days is a projection based on positive and negative trends over the past 30 days. According to these XRP projections, XRP will be traded at $0.571585 on April 23, 2024 and will gain 15.55% in value in the process.
NEWS CONTINUES BELOW
After April 24, XRP could trade in a price range of $0.57-$0.67 before settling at $0.57 again.
Ripple price could rise by 15.30% and reach $0.570381 by May 16, 2024. According to our technical indicators, current sentiment is bearish while the Fear and Greed Index reads 65 (greed).
