{"id":599207,"date":"2024-03-22T11:30:43","date_gmt":"2024-03-22T11:30:43","guid":{"rendered":"https:\/\/wncen.com\/?p=599207"},"modified":"2024-06-11T14:41:27","modified_gmt":"2024-06-11T14:41:27","slug":"halving-sparks-xrp-frenzy-analyst-predicts-100-surge-against-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/halving-sparks-xrp-frenzy-analyst-predicts-100-surge-against-bitcoin\/","title":{"rendered":"Halving Sparks XRP Frenzy: Analyst Predicts 100% Surge Against Bitcoin"},"content":{"rendered":"

XRP has experienced a notable price increase, reaching a brief high of $0.62 before settling at its current level of $0.61, as reported by CoinGecko. This surge comes amidst growing speculations surrounding the upcoming Bitcoin halving event and its potential impact on the cryptocurrency market.<\/p>\n

Related Reading: BONK Bonked: Price Crashes 30% In 7 Days \u2013 More Pain Ahead?<\/a><\/div>\n

Potential Growth For XRP Post-Bitcoin Halving<\/strong><\/h2>\n

Market analysts have been closely monitoring the price movements of XRP<\/a>, despite the looming uncertainties posed by the ongoing Ripple lawsuit against the United States Securities and Exchange Commission (SEC). These analysts predict sustained growth for XRP against Bitcoin, with some even hinting at a potential 100% surge post-halving.<\/p>\n

\"\"<\/p>\n

XRP price rallies in the monthly timeframe. Source: Coingecko<\/pre>\n
The Bitcoin halving, a significant event occurring every four years, is set to take place in April 2024. It involves reducing the rate of new Bitcoin creation by halving the rewards for miners. This reduction will decrease block rewards from 6.25 to 3.125 bitcoins, directly influencing the supply dynamics of the cryptocurrency.<\/p>\n
While the precise impact of the halving on Bitcoin’s price remains speculative, historical data suggests that it often catalyzes bullish market momentum. This sentiment has led market analysts to project a new all-time high for Bitcoin within the four-year period following the 2024 halving, with price estimates ranging from $100,000 to $150,000.<\/p>\n
These forecasts take into account various factors such as supply and demand dynamics, historical trends, and overall market conditions.<\/p>\n
\n
Topped up the $XRP<\/a> position here for the 4th time- USD and BTC pairings are in sync. Within our larger, HTF zone of demand we now have a lower TF accumulation base formed, a confirmed D3 bull div, and if we close here in about 8 hours we will have a double D3 bull div.<\/p>\n
At the\u2026 https:\/\/t.co\/lgJeQfLXvG<\/a> pic.twitter.com\/YV7aelYtwT<\/a><\/p>\n
\u2014 CrediBULL Crypto (@CredibleCrypto) March 18, 2024<\/a><\/p><\/blockquote>\n
Among the market analysts weighing in on XRP’s potential is CrediBULL Crypto, a renowned figure in the cryptocurrency space. CrediBULL Crypto has identified an “accumulation phase” for the XRP\/BTC pair within a larger demand area. This pattern historically indicates an upward move, further bolstering the analyst’s optimism.<\/p>\n
<\/p>\n
Bitcoin price action in the 24-hour. Chart: TradingView<\/a><\/pre>\n
Current XRP Price And Market Performance Analysis<\/strong><\/h2>\n
CrediBULL Crypto believes that XRP has the potential to generate substantial gains for investors after the halving event. In the short term, the analyst predicts a growth rate of 15-20% and suggests that if XRP manages to surpass a key resistance level, a significant jump of 100% against BTC could be in store.<\/p>\n
\n
#XRP<\/a> Color Code To $1.4 (Update) :<\/p>\n
Fib 0.5 (0.5766c) has held us so far, and I’m loving these long legs! In fact, the longer the bottom wick, the better. It shows how hungry the #bulls<\/a> are, gobbling up every single dip. \ud83d\udc02#XRPArmy<\/a> STAY STRONG! We’re on track to be named the\u2026 https:\/\/t.co\/Low9XUzg7t<\/a> pic.twitter.com\/GZjTFfXPIh<\/a><\/p>\n
\u2014 EGRAG CRYPTO (@egragcrypto) March 20, 2024<\/a><\/p><\/blockquote>\n
While XRP’s recent price surge is encouraging, it is essential to consider other expert opinions in the market. EGRAG Crypto, another analyst, highlights the significance of the Fibonacci 0.5 level, which has thus far held strong. EGRAG Crypto proposes the possibility of a price spike to around $1.40 for XRP in the coming month.<\/p>\n
Related Reading: Stablecoins Steal The Spotlight: $150 Billion Market Cap, $122 Billion Daily Trades<\/a><\/div>\n
However, amidst the positive projections, caution remains due to the regulatory challenges faced by XRP. The Ripple lawsuit against the SEC continues to cast a shadow over the cryptocurrency’s future. Nevertheless, market analysts and investors remain optimistic, seeing potential opportunities for XRP’s growth despite the legal hurdles.<\/p>\n
As of writing, XRP’s price and market cap have recorded a 4% jump in the past 24 hours, reaching $0.63 and $34.9 billion, respectively. Moreover, the trading volume has increased by 14% within the same timeframe, amounting to $2.7 billion.<\/p>\n
Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
XRP has experienced a notable price increase, reaching a brief high of $0.62 before settling at its current level of $0.61, as reported by CoinGecko. This surge comes amidst growing speculations surrounding the upcoming Bitcoin halving event and its potential impact on the cryptocurrency market. Related Reading: BONK Bonked: Price Crashes 30% In 7 Days \u2013 More Pain Ahead? Potential Growth For XRP Post-Bitcoin Halving Market analysts have been closely monitoring the price movements of XRP, despite the looming uncertainties posed by the ongoing Ripple lawsuit against the United States Securities and Exchange Commission (SEC). These analysts predict sustained growth for XRP against Bitcoin, with some even hinting at a potential 100% surge post-halving. XRP price rallies in the monthly timeframe. Source: Coingecko The Bitcoin halving, a significant event occurring every four years, is set to take place in April 2024. It involves reducing the rate of new Bitcoin creation by halving the rewards for miners. This reduction will decrease block rewards from 6.25 to 3.125 bitcoins, directly influencing the supply dynamics of the cryptocurrency. While the precise impact of the halving on Bitcoin’s price remains speculative, historical data suggests that it often catalyzes bullish market momentum. This sentiment has led market analysts to project a new all-time high for Bitcoin within the four-year period following the 2024 halving, with price estimates ranging from $100,000 to $150,000. These forecasts take into account various factors such as supply and demand dynamics, historical trends, and overall market conditions. Topped up the $XRP position here for the 4th time- USD and BTC pairings are in sync. Within our larger, HTF zone of demand we now have a lower TF accumulation base formed, a confirmed D3 bull div, and if we close here in about 8 hours we will have a double D3 bull div. At the\u2026 https:\/\/t.co\/lgJeQfLXvG pic.twitter.com\/YV7aelYtwT \u2014 CrediBULL Crypto (@CredibleCrypto) March 18, 2024 Among the market analysts weighing in on XRP’s potential is CrediBULL Crypto, a renowned figure in the cryptocurrency space. CrediBULL Crypto has identified an “accumulation phase” for the XRP\/BTC pair within a larger demand area. This pattern historically indicates an upward move, further bolstering the analyst’s optimism. Bitcoin price action in the 24-hour. Chart: TradingView Current XRP Price And Market Performance Analysis CrediBULL Crypto believes that XRP has the potential to generate substantial gains for investors after the halving event. In the short term, the analyst predicts a growth rate of 15-20% and suggests that if XRP manages to surpass a key resistance level, a significant jump of 100% against BTC could be in store. #XRP Color Code To $1.4 (Update) : Fib 0.5 (0.5766c) has held us so far, and I’m loving these long legs! In fact, the longer the bottom wick, the better. It shows how hungry the #bulls are, gobbling up every single dip. \ud83d\udc02#XRPArmy STAY STRONG! We’re on track to be named the\u2026 https:\/\/t.co\/Low9XUzg7t pic.twitter.com\/GZjTFfXPIh \u2014 EGRAG CRYPTO (@egragcrypto) March 20, 2024 While XRP’s recent price surge is encouraging, it is essential to consider other expert opinions in the market. EGRAG Crypto, another analyst, highlights the significance of the Fibonacci 0.5 level, which has thus far held strong. EGRAG Crypto proposes the possibility of a price spike to around $1.40 for XRP in the coming month. Related Reading: Stablecoins Steal The Spotlight: $150 Billion Market Cap, $122 Billion Daily Trades However, amidst the positive projections, caution remains due to the regulatory challenges faced by XRP. The Ripple lawsuit against the SEC continues to cast a shadow over the cryptocurrency’s future. Nevertheless, market analysts and investors remain optimistic, seeing potential opportunities for XRP’s growth despite the legal hurdles. As of writing, XRP’s price and market cap have recorded a 4% jump in the past 24 hours, reaching $0.63 and $34.9 billion, respectively. Moreover, the trading volume has increased by 14% within the same timeframe, amounting to $2.7 billion. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":599298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[428,8856,1119,3505,4531],"class_list":["post-599207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitcoin","tag-bitcoin-halving","tag-btc","tag-price-analysis","tag-xrp"],"acf":[],"yoast_head":"\nHalving Sparks XRP Frenzy: Analyst Predicts 100% Surge<\/title>\n<meta name=\"description\" content=\"XRP has experienced a notable price increase, reaching a brief high of $0.62 before settling at its current level of $0.61, as reported by CoinGecko. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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