The price of XRP may rise significantly after the upcoming Bitcoin halving in 2028, potentially increasing by more than 2,200% from current levels if it follows previous trends.
Bitcoin’s halving event, which occurs every four years and reduces Bitcoin’s issuance rate, typically boosts Bitcoin’s price by lowering inflation amid steady demand. This event also influences altcoins like XRP, which often see positive price reactions in the months following a halving.
Since XRP’s launch in 2013, it has experienced notable price increases following each Bitcoin halving during its existence. After the second halving in July 2016, XRP rose from $0.0066 to a peak of $0.3662 a year later, a 5,448% increase.
Following the third halving in May 2020, XRP increased from $0.21 to $1.96 by April 2021, despite regulatory challenges, representing an 833% gain. After the fourth halving in April 2024, XRP climbed from $0.55 to $3 within a year, marking a 445% rise.
Legal uncertainty from the ongoing SEC lawsuit against Ripple affected XRP’s growth potential during previous halvings, but with both parties moving towards settlement, this hurdle may be removed ahead of the 2028 halving.
Using the average increase of 2,242% from past post-halving rallies, analysts estimate that if XRP is at $2.00 by April 2028, it could potentially reach around $49.18 a year later. Some forecasts project a maximum value near $48 by 2030. However, these figures are speculative and depend on various market factors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research before making investment decisions. The Crypto Basic is not liable for any financial losses.