XRP price could rise by 70% after Bitcoin halving
Since the beginning of 2024, XRP has fallen by about 2.5%, while Bitcoin has risen in price by 60% over the same period.
The XRP/BTC exchange rate has fallen by about 40% since early January, but as the halving approaches, the pair has already begun to show signs of recovery.
Historically, XRP has outperformed Bitcoin after each block reward cut. For example, the XRP/BTC pair increased by more than 100% after the third Bitcoin halving in May 2020. Likewise, the pair jumped 85% during the second halving in July 2016. The same situation could happen during the 2024 halving.
The growth of XRP is associated with a decrease in Bitcoin's dominance after the halving due to the fact that traders often prefer altcoins over the leading cryptocurrency, which can bring significant profits in a short time. It’s not for nothing that the period after the reward halving is called altcoin season.
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