The post Analyst Predicts XRP Price Peak in December 2024, 228 Days Post-Halving; Foresees Possible Supercycle with Three Major Surges appeared first on Coinpedia Fintech News
An analyst has predicted that XRP could see major price gains based on historical trends following Bitcoin halving events. Historically, XRP tends to experience a significant breakout approximately 228 days after a Bitcoin halving. According to Block Bull, this pattern was observed in both the 2016-2018 and 2020-2021 cycles, where XRP saw price increases following the halvings.
Based on past cycles, the analyst predicts that XRP could start to break out around December 2024, 228 days after the halving. For those holding XRP, the first target to take profits is around mid-February 2025, which is 310 days after the halving. While the cycle is expected to conclude 540 days after the Bitcoin halving, around August 2025, this doesn’t necessarily mark the highest price point, leaving room for further price increases.
The analyst suggests there could be a supercycle, meaning XRP might experience three distinct price surges instead of the usual two. This supercycle could lead to even higher prices.
XRP Price Prediction:
The analyst predicts that XRP could reach around $2, driven by its utility in facilitating large-scale financial transactions through nostro/vostro accounts. These accounts, which hold large sums of money for international banking, could require XRP to be valued at this level to support the trillions of dollars in transactions.
He explained the importance of not getting stuck with assets when a market downturn happens, which is inevitable since what goes up must come down. This cycle is crucial.
The analyst believes XRP will reach just over $200 based on historical patterns, noting similarities with past cycles. After an initial surge, he expects a retracement to previous levels before another significant rise. He suggests XRP could hit new highs by January and potentially retrace to as low as $2 before surging again, leading to a 100x gain.
